NOT LISTED FOR SALE

14609 Saticoy St Van Nuys, CA 91405

Van Nuys Neighborhood
3 Beds
2 Baths
29,466 Sq Ft
0.74 Acres

Last Sold April 24, 2012

Last sale price $3,700,000 $126 Per Sq Ft

About This Home

As of April 2012

“The Montana” apartment building featuring classic 1963 construction and situated on a highly visible street in the San Fernando Valley. This Van Nuys rental pocket is desirable for working families, walking distance to public schools, and easy access to public transportation. The property shows over a 10% cash on cash return.
The property is less than a block from Van Nuys Boulevard and you’re minutes from the 405, 101, and 170 freeways, where you can get anywhere throughout greater Los Angeles. Tenants can easily walk to the Metrolink and Amtrak Train Station on Van Nuys Blvd., Home Depot, Mann Theaters, and 'The Plant' Shopping Center.
The improvements consist of 26 large 2 bedroom + 1.5 bath units that average 950 square feet and 6 1 bedroom + 1 bath units that average 800 square feet. There is hardly ever a vacancy and units rent very quickly because tenants love the large private balconies or patios.
The patio courtyard area features a sparkling pool with new tiles. Remodeled entrance and back gates have security access. Many units have tiled flooring, some remodeled with granite countertops.

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 02/23/2012

Equity Union

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.74 Acre Lot

Parking

  • 32 Parking Spaces

Home Design

  • 29,466 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 25167
  • Assessor Parcel Number 2210031026

Community Details

Overview

  • No Home Owners Association
  • 32 Units

Building Details

  • Rent Control
  • 33 Separate Electric Meters
  • 33 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Insurance Expense $8,250
  • Maintenance Expense $21,355
  • Professional Management Expense $12,813
  • Trash Expense $3,624
  • Water Sewer Expense $25,000
  • New Taxes Expense $45,900
  • Gross Income $35,593
  • Net Operating Income $270,073

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • CapRate: 7.15
  • Professional Management Expense: 12813.00
  • Water Sewer Expenses: 25000.00
  • Property Type: Residential Income
  • Parcel Number: 2210031026
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 125.57

Garage/Parking

  • Total Parking Spaces: 32.00

Utilities

  • Trash Expense: 3624.00

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 32252.00
  • Lot Size Acres: 0.7400

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 35593.00
  • Gross Multiplier: 8.81
  • Gross Scheduled Income: 428615.00
  • Insurance Expense: 8250.00
  • Lot Size Area: 32252.0000 Square Feet
  • Maintenance Expense: 21355.00
  • Net Operating Income: 270073.00
  • Number Of Separate Electric Meters: 33
  • Number Of Separate Gas Meters: 33
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 32
  • Operating Expense: 151549.00
  • Rent Control: Yes
  • Vacancy Allowance: 20756

Tax Info

  • New Taxes Expense: 45900.00
  • Taxes Percent: 0.20
  • Tax Lot: 3
  • Tax Tract Number: 25167
  • Tax Year: 2010

Range of Values:

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Sold Price
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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
04/24/2012 04/24/12 Sold $3,700,000 -- $126 / Sq Ft
02/23/2012 02/23/12 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cindy Hill

    Seller's Agent in 2012

    Cindy Hill

    Equity Union

    (818) 640-8360

    14 in this area

    76 Total Sales

    Section Image

  • N

    Buyer's Agent in 2012

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    11 in this area

    5,780 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F11139648

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Van Nuys 91405 Van Nuys

14609 Saticoy St, Van Nuys, CA

This home is located at 14609 Saticoy St, Van Nuys, CA 91405 since 23 February 2012. This property was built in 1963. 14609 Saticoy St is a home located in Los Angeles County with nearby schools including Valerio Street Elementary School, Robert Fulton College Preparatory, and Panorama High School.

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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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