NOT LISTED FOR SALE

14375 Polk St Sylmar, CA 91342

Sylmar Neighborhood
5 Beds
4 Baths
15,848 Sq Ft
0.45 Acres

Last Sold December 30, 2015

Last sale price $3,000,000 $189 Per Sq Ft

24 Days on Market

Highlights

  • Gated Parking
  • Level Lot
  • 4-minute walk to Sylmar Recreation Center
  • 0.45 Acre Lot

About This Home

As of December 2015

Well maintained 23 unit apartment building in prime area of Sylmar. Adjacent to the elementary and middle schools as well as the park and recreation center. Nicely landscaped court yard with mature trees that provide nice shade during the hot summer months. All new vinyl windows and the parking lot was recently repaved. Great unit mix with (2)-2bed/2bath, (8)-2bed/1bath, and (13)-1bed/1bath.

Last Agent to Sell the Property

Raymond Barrette

Barrette Real Estate Investments, Inc. License #01943971 Listed on: 10/29/2015

Co-Listed By

David Barrette

Barrette Real Estate Investments, Inc. License #00649253

Last Buyer's Agent

Raymond Barrette

Barrette Real Estate Investments, Inc. License #01943971 Listed on: 10/29/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.45 Acre Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Property Attached

Interior Spaces

  • 15,848 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 48 Parking Spaces
  • 12 Carport Spaces
  • Parking Available
  • Gated Parking
  • Uncovered Parking

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 29295
  • Assessor Parcel Number 2504015010

Community Details

Overview

  • 23 Units

Building Details

  • 23 Leased Units
  • Rent Control
  • 24 Separate Electric Meters
  • 24 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,553
  • Insurance Expense $6,654
  • Professional Management Expense $10,800
  • Trash Expense $3,861
  • Water Sewer Expense $20,268
  • New Taxes Expense $38,740
  • Gross Income $24,437
  • Net Operating Income $160,424

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • CapRate: 5.00
  • Price Per Unit: 141304
  • Professional Management Expense: 10800.00
  • Property Attached: Yes
  • Water Sewer Expenses: 20268.00
  • Property Type: Residential Income
  • Parcel Number: 2504015010
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 189.30

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 12.00
  • Parking: Yes
  • Parking Features: Carport, Gated, Uncovered
  • Total Parking Spaces: 48.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 3861.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Level
  • Lot Size Sq Ft: 19797.00
  • Price Per Lot Square Foot: 151.54
  • Lot Size Acres: 0.4540

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 2553.00
  • Gross Income: 24437.00
  • Gross Multiplier: 11.10
  • Gross Scheduled Income: 292874.00
  • Insurance Expense: 6654.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 19797.0000 Square Feet
  • Net Operating Income: 160424.00
  • Number Of Separate Electric Meters: 24
  • Number Of Separate Gas Meters: 24
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 23
  • Number Of Units Total: 23
  • Operating Expense: 123663.00
  • Operating Expense Percent: 42.00
  • Rent Control: Yes
  • Total Actual Rent: 24082.00
  • Vacancy Allowance: 8786
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 38740.00
  • Tax Area: 16
  • Tax Lot: 1
  • Tax Tract Number: 29295

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2015 12/30/15 Sold $3,000,000 -7.7% $189 / Sq Ft
11/12/2015 11/12/15 Pending -- -- --
10/19/2015 10/19/15 For Sale $3,250,000 -- $205 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Raymond Barrette

    Barrette Real Estate Investments, Inc.

    (310) 542-1575

    Section Image
  • David Barrette

    Seller Co-Listing Agent in 2015

    David Barrette

    Barrette Real Estate Investments, Inc.

    (310) 542-1575

    6 Total Sales

    David Barrette
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15229541

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Sylmar 91342 Sylmar

14375 Polk St, Sylmar, CA

This home is located at 14375 Polk St, Sylmar, CA 91342 since 29 October 2015. This property was built in 1964. 14375 Polk St is a home located in Los Angeles County with nearby schools including Sylmar Elementary School, Olive Vista Middle School, and San Fernando Senior High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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