NOT LISTED FOR SALE

14551 Hart St van Nuys, CA 91405

Estimated Value: $956,000 - $1,460,000

4 Beds
3 Baths
2,217 Sq Ft
$544/Sq Ft Est. Value

Last Sold November 14, 2018

Last sale price $850,000 $383 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $7,306/month

42 Days on Market

Highlights

  • Open Floorplan
  • Contemporary Architecture
  • No HOA
  • Van Nuys High School Rated A
  • Stone Countertops
  • Double Pane Windows

About This Home

As of November 2018

This is a fantastic rental income property. It is a Triplex that has been completely remodeled and it features: Front unit is a 2Bed, 1Bath; Second and Third units are 1Bed, 1Bath. Each unit has a large kitchen, dining and living room. Each unit has an inside laundry room. Each unit has a separate one car garage and the driveway allows parking space for over 4 vehicles. Property is located one block West from Van Nuys Blvd and a couple of blocks South of Sherman Wy. This is a Standard sale and Seller is very motivated.

Last Agent to Sell the Property

Nicholas Schwartz

Platinum Realty & Mortgage Gro License #01814783 Listed on: 06/24/2018

Last Buyer's Agent

Charlette Badivian

Mega City Realty License #01231738

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949 | Remodeled

Lot Details

  • 6,399 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers

Parking

  • 3 Car Garage
  • Parking Available
  • Auto Driveway Gate
  • Driveway

Home Design

  • Triplex
  • Contemporary Architecture
  • Turnkey
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,217 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Double Pane Windows
  • Panel Doors
  • Living Room
  • Center Hall

Kitchen

  • Gas Cooktop
  • Stone Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Propane Dryer Hookup

Utilities

  • Wall Furnace
  • Gas Water Heater

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 65
  • Tax Tract Number 9815
  • Assessor Parcel Number 2219010014

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Trash Expense $900
  • Water Sewer Expense $2,100
  • New Taxes Expense $9,890
  • Operating Expense $13,990
  • Gross Income $68,400
  • Net Operating Income $65,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1949 | Remodeled

Lot Details

6,399 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel
  • View: No
  • Water Sewer Expenses: 2100.00
  • Architectural Style: Contemporary
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 2219010014
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Open Floorplan, Stone Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Door Features: Panel Doors
  • Levels: Two
  • Price Per Square Foot: 383.40
  • Room Type: Center Hall, Kitchen, Laundry, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Driveway, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Water Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Gas Water Heater, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room, Inside, Propane Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street, Rectangular Lot, Sprinklers In Front
  • Lot Size Sq Ft: 6399.00
  • Lot Size Acres: 0.1469

Multi Family

  • Gross Income: 68400.00
  • Gross Scheduled Income: 68400.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 6399.0000 Square Feet
  • Net Operating Income: 65400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 3000.00
  • Rent Control: Yes
  • Total Expenses: 13990.00

Tax Info

  • New Taxes Expense: 9890.00
  • Tax Lot: 65
  • Tax Tract Number: 9815

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2018
Closed on
Nov 7, 2018
Sold by
Cervantes J Guadalupe
Bought by
Tumanian Balyan Gohar and Balyan Gevork
Seller's Agent
Nicholas Schwartz
Platinum Realty & Mortgage Gro
Buyer's Agent
Charlette Badivian
Mega City Realty
List Price
$899,000
Sold Price
$850,000
Premium/Discount to List
-$49,000
-5.45%
Current Estimated Value
$1,205,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$355,833
Avg. Annual Appreciation
4.87%
Original Mortgage
$679,650
Outstanding Balance
$596,394
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$609,439

Purchase Details

Listed on
Oct 14, 2016
Closed on
Apr 21, 2017
Sold by
Toca Maria A
Bought by
Cervantes J Guadalupe
Seller's Agent
MARVIN RINGLING
PLATINUM REALTY & MORTGAGE
Buyer's Agent
MARVIN RINGLING
PLATINUM REALTY & MORTGAGE
List Price
$420,000
Sold Price
$560,000
Premium/Discount to List
$140,000
33.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.57%
Original Mortgage
$504,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 4, 2012
Sold by
Mendez Carlos
Bought by
Toca Maria A

Purchase Details

Closed on
Jul 5, 2006
Sold by
Servin Sergio
Bought by
Mendez Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$538,300
Interest Rate
8.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 17, 2006
Sold by
Torres Francisco
Bought by
Servin Sergio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
8.7%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 20, 2005
Sold by
Mccambridge Kathleen M
Bought by
Torres Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2001
Sold by
Mccambridge Kathleen M
Bought by
Mccambridge Kathleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.91%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tumanian Balyan Gohar $850,000 Usa National Title
Cervantes J Guadalupe $560,000 Usa National Title Co
Toca Maria A -- None Available
Mendez Carlos $769,000 First Southwestern Title Co
Servin Sergio $640,000 First Southwestern Title Co
Torres Francisco $500,000 Equity Title Company
Mccambridge Kathleen M -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tumanian Balyan Gohar $679,650
Previous Owner Cervantes J Guadalupe $504,000
Previous Owner Mendez Carlos $538,300
Previous Owner Servin Sergio $512,000
Previous Owner Torres Francisco $450,000
Previous Owner Mccambridge Kathleen M $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/14/2018 11/14/18 Sold $850,000 -2.9% $383 / Sq Ft
08/05/2018 08/05/18 Pending -- -- --
08/04/2018 08/04/18 Price Changed $875,000 -2.7% $395 / Sq Ft
06/24/2018 06/24/18 For Sale $899,000 +60.5% $406 / Sq Ft
05/24/2017 05/24/17 Sold $560,000 0.0% $253 / Sq Ft View Prior Sale
04/20/2017 04/20/17 Price Changed $560,000 +33.3% $253 / Sq Ft
10/14/2016 10/14/16 For Sale $420,000 -- $189 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,559 $948,186 $725,085 $223,101
2024 $11,559 $929,595 $710,868 $218,727
2023 $11,338 $911,369 $696,930 $214,439
2022 $10,814 $893,500 $683,265 $210,235
2021 $10,678 $875,981 $669,868 $206,113
2019 $10,361 $850,000 $650,000 $200,000
2018 $7,661 $571,200 $570,180 $1,020
2016 $7,888 $645,000 $419,300 $225,700
2015 $7,349 $600,000 $390,000 $210,000
2014 $7,525 $600,000 $390,000 $210,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18151442

California Regional Multiple Listing Service (CRMLS)

APN: 2219-010-014

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