Seller's Agent in 2020
Elizabeth Maddox
Myunits.com Inc.
(818) 850-8485
2 in this area
108 Total Sales
14252 Erwin St van Nuys, CA 91401
Estimated Value: $1,790,000 - $2,956,000
13
Beds
9
Baths
5,883
Sq Ft
$403/Sq Ft
Est. Value
Highlights
- New Construction
- Open Floorplan
- Neighborhood Views
- Van Nuys High School Rated A
- Modern Architecture
- Balcony
About This Home
As of July 202014252 Erwin is a 2019 construction fourplex located in the hottest area of Van Nuys, steps from the Courthouse! This fourplex is one of the few new construction properties that will be delivered FULLY RENTED! Avoid the stress of buying a vacant fourplex and leasing up the units yourself… inherit a smoothly running, high cap rate property with great tenants! The cap rate is currently 5.00%! At an impossible to beat price of $2,300,000, this will be gone before you know. Plus, you get all of this with NO RENT CONTROL, SEPARATE METERS for all utilities, minimal expenses and the ease of owning a hassle-free 2019 construction!
14252 Erwin is made up of one 4 bed, 3 bath unit and three 3 bed, 2 bath units with spacious floorplans. The excellent location, walking distance to the Van Nuys Courthouse, paired with the upscale modern units makes for quick, easy rentals. Each unit features stainless steel appliances, washer and dryers in each unit, and beautifully designed kitchens and bathrooms.
Last Agent to Sell the Property
Myunits.com Inc. License #01921425 Listed on: 04/01/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,002
Year Built
- Built in 2019 | New Construction
Lot Details
- 7,500 Sq Ft Lot
- Two or More Common Walls
- Fenced
- Fence is in excellent condition
- Level Lot
- Drip System Landscaping
Parking
- 6 Open Parking Spaces
- 3 Car Garage
Home Design
- Modern Architecture
- Property Attached
- Entry on the 1st floor
- Turnkey
- Flat Roof Shape
Interior Spaces
- 5,883 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Living Room
- Neighborhood Views
Kitchen
- Gas Oven
- Gas Range
- Microwave
- Freezer
- Dishwasher
- Disposal
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 13 Bedrooms
- 9 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Balcony
- Exterior Lighting
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for all utilities
- Legal Lot and Block 1 / 7
- Tax Tract Number 1200
- Assessor Parcel Number 2240020002
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 5 Separate Water Meters
- Gardener Expense $1,200
- Insurance Expense $2,353
- Maintenance Expense $1,600
- Water Sewer Expense $600
- New Taxes Expense $27,002
- Operating Expense $32,755
- Gross Income $152,280
- Net Operating Income $114,956
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 1, 2020
Closed on
May 29, 2020
Sold by
Alfalfa 1031 Llc
Bought by
Kim David Yongku and Kim Jane Won
Seller's Agent
Elizabeth Maddox
Myunits.com Inc.
Buyer's Agent
Evelyn Ross
Team Spirit Realty
List Price
$2,300,000
Sold Price
$2,180,000
Premium/Discount to List
-$120,000
-5.22%
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
$190,460
Avg. Annual Appreciation
1.58%
Purchase Details
Listed on
Nov 10, 2017
Closed on
Nov 20, 2017
Sold by
Hernandez Silvia
Bought by
Alfalfa 1031 Llc
Seller's Agent
Juan Santana Rubio
Park Regency Realty
Buyer's Agent
Ronit Bendavid
Keller Williams Luxury
List Price
$650,000
Sold Price
$687,500
Premium/Discount to List
$37,500
5.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.41%
Original Mortgage
$446,875
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 18, 2005
Sold by
Meza Hector
Bought by
Hernandez Silvia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 16, 2002
Sold by
Hernandez Andres
Bought by
Meza Hector and Hernandez Silvia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 1, 2001
Sold by
Meza Hector
Bought by
Meza Hector and Hernandez Silvia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,142
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 12, 2000
Sold by
Blatt James
Bought by
Meza Hector and Hernandez Silvia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,294
Interest Rate
8.53%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 3, 2000
Sold by
Blatt James
Bought by
Meza Hector and Hernandez Silvia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,294
Interest Rate
8.53%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Kim David Yongku | $2,180,000 | North American Title | |
| Alfalfa 1031 Llc | $687,500 | Pacific Coast Title | |
| Hernandez Silvia | -- | United Title Company-La | |
| Meza Hector | -- | Commerce Title | |
| Meza Hector | -- | Benefit Land Title Company | |
| Meza Hector | $147,500 | Fidelity Title | |
| Meza Hector | -- | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Alfalfa 1031 Llc | $446,875 | |
| Previous Owner | Hernandez Silvia | $230,000 | |
| Previous Owner | Meza Hector | $159,000 | |
| Previous Owner | Meza Hector | $150,142 | |
| Previous Owner | Meza Hector | $146,294 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/13/2020 07/13/20 | Sold | $2,180,000 | -3.1% | $371 / Sq Ft | |
| 05/28/2020 05/28/20 | Pending | -- | -- | -- | |
| 04/14/2020 04/14/20 | Price Changed | $2,250,000 | -2.2% | $382 / Sq Ft | |
| 04/01/2020 04/01/20 | For Sale | $2,300,000 | +234.5% | $391 / Sq Ft | |
| 12/15/2017 12/15/17 | Sold | $687,500 | +5.8% | $821 / Sq Ft | View Prior Sale |
| 11/27/2017 11/27/17 | Pending | -- | -- | -- | |
| 11/10/2017 11/10/17 | For Sale | $650,000 | -- | $777 / 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 | $28,412 | $2,359,699 | $943,879 | $1,415,820 |
| 2024 | $28,412 | $2,313,431 | $925,372 | $1,388,059 |
| 2023 | $27,861 | $2,268,071 | $907,228 | $1,360,843 |
| 2022 | $26,564 | $2,223,600 | $889,440 | $1,334,160 |
| 2021 | $26,225 | $2,180,000 | $872,000 | $1,308,000 |
| 2020 | $19,532 | $1,577,674 | $715,275 | $862,399 |
| 2019 | $3,450 | $701,250 | $490,620 | $210,630 |
| 2018 | $8,368 | $687,500 | $481,000 | $206,500 |
| 2017 | $2,798 | $229,697 | $157,606 | $72,091 |
| 2016 | $2,730 | $225,194 | $154,516 | $70,678 |
| 2015 | $2,690 | $221,813 | $152,196 | $69,617 |
| 2014 | $2,706 | $217,469 | $149,215 | $68,254 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Maddox
-
Ian Maddox
I
Seller Co-Listing Agent in 2020
Ian Maddox
Myunits.com Inc.
(818) 859-7242
67 Total Sales
-
Evelyn Ross
Buyer's Agent in 2020
Evelyn Ross
Team Spirit Realty
(714) 736-0404
17 Total Sales
-
Juan Santana Rubio
Seller's Agent in 2017
Juan Santana Rubio
Park Regency Realty
(818) 314-1102
2 in this area
40 Total Sales
-
Moe Verma
Seller Co-Listing Agent in 2017
Moe Verma
Keller Williams VIP Properties
(818) 876-2709
103 Total Sales
-
Ronit Bendavid
R
Buyer's Agent in 2017
Ronit Bendavid
Keller Williams Luxury
(818) 480-8848
2 in this area
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB20067201
APN: 2240-020-002
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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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