NOT LISTED FOR SALE

14628 Sylvan St van Nuys, CA 91411

38 Beds
36 Baths
23,763 Sq Ft
0.37 Acres

Last Sold July 29, 2016

Last sale price $5,400,000 $227 Per Sq Ft

18 Days on Market

Highlights

  • 15,999 Sq Ft lot
  • Contemporary Architecture
  • Balcony
  • Van Nuys High School Rated A
  • Wood Flooring
  • Laundry Room

About This Home

As of July 2016

JUST BUILT 2011!!!! Still looks new!!! THIS 18 UNITS APARTMENTS IS CONVERTED TO CONDOMINIUM AS IN ALMOST FINAL STAGE. 16 UNITS ARE 2BEDROOMS+2 FULL BATHROOMS AND 2 UNITS ARE 3 BEDROOMS+2 FULL BATHS. 9 Units on top floor each has additional loft/ room and each one has private roof patio.High quality apartment that is built by contractor for his own portfolio. All units have private laundry room, fire place, granite counter tops in kitchen bathrooms with custom made cabinets, walk-in closet, separated meter for: gas, and electrical . All units have two parking each and 5 additional guest parking.There is a large back yard and recreation room for tenants event.

Last Agent to Sell the Property

Alfred Tavari

Allstate Realty License #01290392 Listed on: 06/19/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2011

Lot Details

  • 0.37 Acre Lot
  • No Common Walls
  • Block Wall Fence
  • Density is 16-20 Units/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture

Interior Spaces

  • 23,763 Sq Ft Home
  • Living Room with Fireplace
  • Wood Flooring

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 38 Bedrooms
  • 36 Bathrooms

Laundry

  • Laundry Room
  • Dryer

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for ada upgrades
  • Tax Lot 1
  • Tax Tract Number 70791
  • Assessor Parcel Number 2241011077

Community Details

Overview

  • 18 Units

Pet Policy

  • Pets Allowed

Building Details

  • 19 Separate Electric Meters
  • 18 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,300
  • Insurance Expense $3,420
  • Other Expense $4,080
  • Professional Management Expense $7,800
  • Trash Expense $3,600
  • Water Sewer Expense $21,600
  • New Taxes Expense $64,800
  • Gross Income $30,555
  • Net Operating Income $258,060

Property Details

Home Type

Multi-Family

Year Built

Built in 2011

Lot Details

0

Parking

1

Listing Details

  • CapRate: 4.77
  • Professional Management Expense: 7800.00
  • Property Attached: No
  • Water Sewer Expenses: 21600.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 2241011077
  • Year Built: 2011
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Price Per Square Foot: 227.24

Exterior Features

  • Fencing: Block
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 42.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Individual Room, Washer Hookup
  • Trash Expense: 3600.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Amenities: Pets Permitted
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 15999.00
  • Price Per Lot Square Foot: 337.52

Rental Info

  • Tenant Pays: ADA Upgrades

Multi Family

  • Electric Expense: 3300.00
  • Gross Income: 30555.00
  • Gross Multiplier: 14.70
  • Gross Scheduled Income: 366660.00
  • Insurance Expense: 3420.00
  • Net Operating Income: 258060.00
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 18
  • Operating Expense: 108600.00
  • Other Expense: 4080.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 64800.00
  • Tax Lot: 1
  • Tax Tract Number: 70791
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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 List to Sale Price per Sq Ft
07/29/2016 07/29/16 Sold $5,400,000 0.0% $227 / Sq Ft
07/07/2016 07/07/16 Pending -- -- --
06/19/2016 06/19/16 For Sale $5,400,000 -- $227 / 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 $76,667 $6,267,159 $2,506,864 $3,760,295
2024 $76,667 $6,144,274 $2,457,710 $3,686,564
2023 $75,204 $6,023,799 $2,409,520 $3,614,279
2022 $71,756 $5,905,686 $2,362,275 $3,543,411
2021 $70,781 $5,789,889 $2,315,956 $3,473,933
2019 $68,686 $5,618,160 $2,247,264 $3,370,896
2018 $68,284 $5,508,000 $2,203,200 $3,304,800
2016 $46,827 $3,870,564 $935,528 $2,935,036
2015 $46,140 $3,812,426 $921,476 $2,890,950
2014 $46,253 $3,737,747 $903,426 $2,834,321
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16132732

California Regional Multiple Listing Service (CRMLS)