NOT LISTED FOR SALE

Estimated Value: $991,000 - $1,377,000

3 Beds
3 Baths
1,872 Sq Ft
$620/Sq Ft Est. Value

Last Sold April 30, 2014

Last sale price $626,000 $334 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $7,148/month

4 Days on Market

Highlights

  • Cooling Available
  • Paved or Partially Paved Lot
  • Heating Available
  • Van Nuys High School Rated A

About This Home

As of April 2014

Location! Location! Location! Land! Land! Land! Over 8,000 SqFt Lot! Once In A Generation Opportunity! Attention All Investors, Buyers And Agents! Do Not Miss This One Of A Kind Van Nuys Property Right At The Van Nuys Courthouse! Do Not Miss! Rare Offering! First Time On The Market In Decades! Three Units! Authentic Charm With Hardwood Floors! Must See To Believe! Perfect As Is Or Build And Create Whatever The Zoning Will Allow! Rare Offering! Hurry! Hurry! Incredible Investment Opportunity! 3 One-Bedroom Units, Each With Its Own Bath. In 2012 The Seller Put A $13,000 Roof On. Do Not Miss! Standard Sale! Must See! Incredible Van Nuys Chance!

Last Agent to Sell the Property

Mike Glickman

Represented By License #00687722 Listed on: 04/03/2014

Last Buyer's Agent

Essi Shilati

Compass License #00708972

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,581

Year Built

  • Built in 1941

Lot Details

  • 8,009 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Parking

  • 3 Car Garage

Home Design

  • 1,872 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 1200
  • Assessor Parcel Number 2240011023

Community Details

Overview

  • 3 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gross Income $10,658
  • Net Operating Income $127,896

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,581

Year Built

Built in 1941

Lot Details

0

Parking

3

Listing Details

  • Other Phone Description: 310-766-3411
  • Other Phone Number: 310-766-3411
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 2240011023
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 334.40

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 8009.00
  • Lot Size Acres: 0.1840

Multi Family

  • Gross Income: 10658.00
  • Gross Scheduled Income: 127896.00
  • Lot Size Area: 8009.0000 Square Feet
  • Net Operating Income: 127896.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Rent Control: Yes
  • Total Actual Rent: 1595.00

Tax Info

  • Tax Lot: 22
  • Tax Tract Number: 1200
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2014
Closed on
Apr 15, 2014
Sold by
Springer Rondi
Bought by
Vanbatenburg Walter
Seller's Agent
Mike Glickman
Represented By
Buyer's Agent
Essi Shilati
Compass
List Price
$595,000
Sold Price
$626,000
Premium/Discount to List
$31,000
5.21%
Current Estimated Value
$1,159,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$533,846
Avg. Annual Appreciation
5.55%

Purchase Details

Listed on
Apr 3, 2014
Closed on
Apr 8, 2014
Sold by
Vanbatenburg Walter
Bought by
Farzan Shahram and Farzan Linda
Seller's Agent
Mike Glickman
Represented By
Buyer's Agent
Essi Shilati
Compass
List Price
$595,000
Sold Price
$626,000
Premium/Discount to List
$31,000
5.21%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Vanbatenburg Walter $51,000 Ticor Title Company Of Ca
Farzan Shahram $626,000 Ticor Title Company Of Ca
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2014 04/30/14 Sold $626,000 +5.2% $334 / Sq Ft
04/07/2014 04/07/14 Pending -- -- --
04/03/2014 04/03/14 For Sale $595,000 -- $318 / 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 $9,581 $767,379 $460,918 $306,461
2024 $9,581 $752,333 $451,881 $300,452
2023 $9,402 $737,582 $443,021 $294,561
2022 $8,977 $723,121 $434,335 $288,786
2021 $8,867 $708,943 $425,819 $283,124
2019 $8,610 $687,917 $413,190 $274,727
2018 $8,461 $674,430 $405,089 $269,341
2016 $8,088 $648,243 $389,360 $258,883
2015 $7,973 $638,507 $383,512 $254,995
2014 $1,134 $61,351 $39,774 $21,577
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14068448

California Regional Multiple Listing Service (CRMLS)

APN: 2240-011-023