Seller's Agent in 2023
Elizabeth Maddox
Myunits.com Inc.
(818) 850-8485
2 in this area
102 Total Sales
14249 Sylvan St van Nuys, CA 91401
Estimated Value: $3,903,022
17
Beds
17
Baths
7,788
Sq Ft
$501/Sq Ft
Est. Value
Highlights
- New Construction
- Open Floorplan
- Private Yard
- Van Nuys High School Rated A
- Modern Architecture
- Neighborhood Views
About This Home
As of November 202314249 Sylvan St is a 2023 construction 6-unit located less than 5 minutes from Sherman Oaks in the best area of Van Nuys (steps from the Van Nuys Courthouse). This 6-unit is one of the few new construction properties that will be delivered FULLY RENTED! Avoid the stress of buying a vacant building and leasing up all the units yourself… instead, inherit a smoothly running, ultra-high cap rate property with great tenants! The existing cap rate is a whopping 5.67%! At an impossible to beat price per door of $615,833, this will be gone before you know it. Plus, you get all of this with NO RENT CONTROL, SEPARATE METERS for all utilities, minimal expenses, premium design, and the ease of owning a hassle-free 2023 construction!
14249 Sylvan is made up of one large 4 bed, 4 bath tri-level single family residence, four 3 bed, 3 bath tri-level townhomes style units, a 1 bed, 1 bath unit (ADU) with spacious floorplans, and 10 parking spots (8 garage spots & 2 exterior spots). The excellent location, walking distance to the Van Nuys Courthouse, paired with the upscale modern units makes for quick, easy rentals. These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to: designer tiles, quality wood doors, all appliances included, modern glossy cabinets, large islands, private rear yards, high ceilings, huge walk in closets, balconies off the living space, countless windows everywhere you look allowing for maximum light, natural wood water proof vinyl, and more!
In addition to the high return, buyers will enjoy other perks including: NO RENT CONTROL, tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come.
Last Agent to Sell the Property
Myunits.com Inc. License #01921425 Listed on: 08/18/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $43,066
Year Built
- Built in 2023 | New Construction
Lot Details
- 8,749 Sq Ft Lot
- 1 Common Wall
- Landscaped
- Paved or Partially Paved Lot
- Private Yard
- Back and Front Yard
Parking
- 8 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Driveway
- Assigned Parking
Home Design
- Modern Architecture
- Apartment
- Entry on the 1st floor
- Turnkey
Interior Spaces
- 7,788 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Vinyl Flooring
- Neighborhood Views
Kitchen
- Gas Oven
- Gas Range
- Range Hood
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 17 Bedrooms
- 17 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Living Room Balcony
Utilities
- Central Heating and Cooling System
- Standard Electricity
- Tankless Water Heater
Listing and Financial Details
- Tenant pays for all utilities
- Legal Lot and Block 35 / 5
- Tax Tract Number 1200
- Assessor Parcel Number 2240016022
- $291 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 6 Units
Building Details
- 5 Leased Units
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 6 Separate Water Meters
- Electric Expense $1,000
- Gardener Expense $1,200
- Insurance Expense $3,115
- Maintenance Expense $2,400
- New Taxes Expense $43,066
- Operating Expense $50,781
- Gross Income $271,140
- Net Operating Income $209,513
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 18, 2023
Closed on
Oct 10, 2023
Sold by
7125 La Cienega Llc
Bought by
Nor Center Llc
Seller's Agent
Elizabeth Maddox
Myunits.com Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$3,795,000
Sold Price
$3,700,000
Premium/Discount to List
-$95,000
-2.5%
Views
39
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,022
Avg. Annual Appreciation
2.58%
Purchase Details
Closed on
Jan 30, 2007
Sold by
Osborn Joyce B and Thomas & Joyce Osborn Family T
Bought by
Osborn Joyce B and Thomas & Joyce Osborn Family Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nor Center Llc | $3,700,000 | Stewart Title Of California In | |
| Osborn Joyce B | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/30/2023 11/30/23 | Sold | $3,700,000 | +0.1% | $475 / Sq Ft | |
| 10/05/2023 10/05/23 | Pending | -- | -- | -- | |
| 09/14/2023 09/14/23 | Price Changed | $3,695,000 | -2.6% | $474 / Sq Ft | |
| 08/18/2023 08/18/23 | For Sale | $3,795,000 | +335.7% | $487 / Sq Ft | |
| 02/01/2021 02/01/21 | Sold | $871,000 | +9.0% | $584 / Sq Ft | View Prior Sale |
| 12/04/2020 12/04/20 | Pending | -- | -- | -- | |
| 11/27/2020 11/27/20 | For Sale | $799,000 | -- | $536 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $45,127 | $3,774,000 | $1,509,600 | $2,264,400 |
| 2024 | $45,127 | $3,700,000 | $1,480,000 | $2,220,000 |
| 2023 | $11,153 | $905,147 | $724,118 | $181,029 |
| 2022 | $10,634 | $887,400 | $709,920 | $177,480 |
| 2021 | $1,392 | $94,598 | $37,569 | $57,029 |
| 2020 | $1,400 | $93,629 | $37,184 | $56,445 |
| 2019 | $1,355 | $91,794 | $36,455 | $55,339 |
| 2018 | $1,270 | $89,995 | $35,741 | $54,254 |
| 2016 | $1,199 | $86,503 | $34,354 | $52,149 |
| 2015 | $1,184 | $85,204 | $33,838 | $51,366 |
| 2014 | $1,199 | $83,536 | $33,176 | $50,360 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Maddox
-
NoEmail NoEmail
N
Buyer's Agent in 2023
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
18 in this area
6,217 Total Sales
-
P
Seller's Agent in 2021
Phyllis Rabin
No Firm Affiliation
-
Jeff Schermer
Buyer's Agent in 2021
Jeff Schermer
Rodeo Realty
(818) 657-4643
1 in this area
15 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB23154703
APN: 2240-016-022
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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