NOT LISTED FOR SALE

Estimated Value: $979,000 - $1,586,000

4 Beds
3 Baths
2,356 Sq Ft
$567/Sq Ft Est. Value

Last Sold June 14, 2019

Last sale price $952,600 $404 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $8,365/month

26 Days on Market

Highlights

  • Corner Lot
  • Laundry Facilities
  • 2-minute walk to Van Nuys Park and Recreation Center
  • Van Nuys High School Rated A
  • Front Yard

About This Home

As of June 2019

Three beautifully and newly remodeled in 2019 (New kitchen, new appliances, new bathroom, new flooring, 3 new air conditioning units, etc). Front unit has 2 bedrooms and 1 bath and the other two units have 1 bedroom and 1 bath, each with their own garage. Property is conveniently located in a very high demand rental area, and is near Public Transportation, Hospital, The 405 Freeway and Valley College. One of the 1 bedroom units was recently rented for $1695 (the other units, intentionally not rented). Great opportunity for the new owner to rent at market rents. Also, great for first time buyers or for the owner to live in one unit and rent the others.

Last Agent to Sell the Property

Shirley Razban-nia

Keller Williams Luxury License #01135050 Listed on: 04/18/2019

Keller Williams Luxury

Co-Listed By

Shirley Razban-Nia

Keller Williams Luxury License #01156074

Last Buyer's Agent

Nona Galstyan

JohnHart Real Estate License #01989997

JohnHart Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,955

Year Built

  • Built in 1938

Lot Details

  • 6,694 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Front Yard

Parking

  • 3 Car Garage

Home Design

  • 2,356 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 9110
  • Assessor Parcel Number 2237005001

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Maintenance Expense $1,200
  • Other Expense $1,000
  • Water Sewer Expense $1,400
  • New Taxes Expense $12,440
  • Operating Expense $5,000
  • Gross Income $71,832
  • Net Operating Income $54,392

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,955

Year Built

Built in 1938

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1400.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 2237005001
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 404.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard
  • Lot Size Sq Ft: 6694.00
  • Lot Size Acres: 0.1537

Multi Family

  • Gross Income: 71832.00
  • Gross Scheduled Income: 71832.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 6694.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 54392.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Operating Expense: 17440.00
  • Other Expense: 1000.00
  • Other Expense Description: Ldscape
  • Rent Control: Yes
  • Total Actual Rent: 1695.00
  • Total Expenses: 5000.00

Tax Info

  • New Taxes Expense: 12440.00
  • Tax Lot: 1
  • Tax Tract Number: 9110

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2019
Closed on
May 15, 2019
Sold by
Adir Enterprise Llc
Bought by
Petrosyan Shushan
Seller's Agent
Shirley Razban-nia
Keller Williams Luxury
Buyer's Agent
Nona Galstyan
JohnHart Real Estate
List Price
$995,200
Sold Price
$952,600
Premium/Discount to List
-$42,600
-4.28%
Current Estimated Value
$1,336,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$384,394
Avg. Annual Appreciation
5.61%
Original Mortgage
$749,650
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2018
Sold by
Khachatryan Karen
Bought by
Petrosyan Shushan

Purchase Details

Listed on
Nov 22, 2015
Closed on
Mar 23, 2016
Sold by
Peterson Bernice F and The Bernice F Peterson Revocab
Bought by
Dir Enterprise Llc
Seller's Agent
David Kinder
David Kinder
Buyer's Agent
Shirley Razban-nia
Keller Williams Luxury
List Price
$725,000
Sold Price
$680,000
Premium/Discount to List
-$45,000
-6.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.53%

Purchase Details

Closed on
Jan 14, 2014
Sold by
Peterson Bernice F
Bought by
Peterson Bernice F and Peterson Revocable L Bernice F

Purchase Details

Closed on
Mar 5, 2010
Sold by
Peterson Kirk E
Bought by
Peterson Bernice F
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Petrosyan Shushan $953,000 Fidelity National Title Co
Petrosyan Shushan -- None Available
Dir Enterprise Llc $680,000 Orange Coast Title Co Socal
Peterson Bernice F -- None Available
Peterson Bernice F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Petrosyari Shushan $747,000
Closed Petrosyan Shushan $749,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2019 06/14/19 Sold $952,600 -4.3% $404 / Sq Ft
05/14/2019 05/14/19 Pending -- -- --
04/18/2019 04/18/19 For Sale $995,200 +46.4% $422 / Sq Ft
05/06/2016 05/06/16 Sold $680,000 -6.2% $289 / Sq Ft
04/12/2016 04/12/16 Pending -- -- --
11/22/2015 11/22/15 For Sale $725,000 -- $308 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $12,955 $1,062,639 $637,629 $425,010
2024 $12,955 $1,041,804 $625,127 $416,677
2023 $12,707 $1,021,377 $612,870 $408,507
2022 $12,120 $1,001,351 $600,853 $400,498
2021 $11,969 $981,718 $589,072 $392,646
2020 $12,089 $971,652 $583,032 $388,620
2019 $8,902 $721,621 $435,095 $286,526
2018 $8,865 $707,472 $426,564 $280,908
2016 $1,728 $114,417 $67,660 $46,757
2015 $1,708 $112,699 $66,644 $46,055
2014 $1,735 $110,492 $65,339 $45,153
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19087615

California Regional Multiple Listing Service (CRMLS)

APN: 2237-005-001