NOT LISTED FOR SALE

14634 Gault St Los Angeles, CA 91405

3 Beds
4 Baths
9,674 Sq Ft
0.31 Acres

Last Sold August 28, 2019

Last sale price $3,300,000 $341 Per Sq Ft

Highlights

  • 0.31 Acre Lot
  • Van Nuys High School Rated A
  • Laundry Room

About This Home

As of August 2019

14 Units + 4 Non-Conforming. Immaculate condition, prime location across from IMT Sherman Grove, 16%+ upside in rents, two separate parcels - 7 + 2 units each, Central air conditioning/heating, Very walkable 73 walk score, - Good transit 53 score, Gated with 8 covered and 8 uncovered parking, laundry with approximately $310/month income per seller.

Last Agent to Sell the Property

Braemon Hanes

Hanes Investment Rlty License #01230427 Listed on: 01/02/2019

Last Buyer's Agent

Braemon Hanes

Hanes Investment Rlty License #01230427 Listed on: 01/02/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.31 Acre Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre
  • 2219011007

Home Design

  • Property Attached

Interior Spaces

  • 9,674 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 16 Parking Spaces
  • 8 Carport Spaces

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 9815
  • Assessor Parcel Number 2219011006

Community Details

Overview

  • 2 Buildings
  • 18 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 2 Separate Water Meters
  • Electric Expense $1,371
  • Fuel Expense $347
  • Gardener Expense $2,400
  • Insurance Expense $4,162
  • Maintenance Expense $14,605
  • Pest Control $1,200
  • Professional Management Expense $22,860
  • Trash Expense $3,260
  • Water Sewer Expense $5,368
  • New Taxes Expense $43,800
  • Operating Expense $98,963
  • Gross Income $292,107
  • Net Operating Income $193,144

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • CapRate: 5.52
  • Professional Management Expense: 22860.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5368.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 2219011006
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 341.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 8.00
  • Total Parking Spaces: 16.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 3260.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 2219011007
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 13498.00
  • Lot Size Acres: 0.3099

Multi Family

  • Electric Expense: 1371.00
  • Fuel Expense: 347.00
  • Gross Multiplier: 11.74
  • Gross Operating Income: 292107.00
  • Gross Scheduled Income: 298068.00
  • Insurance Expense: 4162.00
  • Lot Size Area: 13498.0000 Square Feet
  • Maintenance Expense: 14605.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 193144.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 18
  • Operating Expense: 98963.00
  • Operating Expense Percent: 33.20
  • Rent Control: Yes
  • Total Expenses: 98963.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 43800.00
  • Tax Area: 0013
  • Tax Census Tract: 1278.03
  • Tax Lot: 6
  • Tax Tract Number: 9815

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 List to Sale Price per Sq Ft
08/28/2019 08/28/19 Sold $3,300,000 -12.0% $341 / Sq Ft
06/21/2019 06/21/19 Pending -- -- --
01/02/2019 01/02/19 For Sale $3,750,000 -- $388 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Braemon Hanes

    Seller's Agent in 2019

    Braemon Hanes

    Hanes Investment Rlty

    (818) 865-8305

    1 in this area

    12 Total Sales

    Braemon Hanes
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19001026

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 91405

14634 Gault St, Los Angeles, CA

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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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