NOT LISTED FOR SALE
10 Beds
8 Baths
5,611 Sq Ft
7,502 Sq Ft Lot

Last Sold April 07, 2017

Last sale price $1,285,000 $229 Per Sq Ft

117 Days on Market

About This Home

As of April 2017

This 8 unit apartment building is located at 14642 Delano Street in the city of Van Nuys. This location is in a very dense part of the city between two main streets, Kester Avenue and Van Nuys Boulevard. Built in 1962, the building has a unit mix of six 1bed/1bath and two 2bed/1bath. This well maintained building has been updated with new exterior paint, recently paved driveway and copper plumbing. Furthermore, the building offers an onsite laundry room, secured entry and 8 parking spaces.

Last Agent to Sell the Property

Reza Ghobadi

Reza Ghobadi License #01780045 Listed on: 09/21/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,502 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 8 Parking Spaces

Home Design

  • 5,611 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Location

  • Property is near public transit

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 1200
  • Assessor Parcel Number 2241019009

Community Details

Overview

  • 8 Units

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,160
  • Gardener Expense $600
  • Insurance Expense $1,964
  • Maintenance Expense $4,250
  • Pest Control $540
  • Professional Management Expense $2,500
  • Trash Expense $1,344
  • Water Sewer Expense $5,000
  • New Taxes Expense $17,250
  • Operating Expense $36,608
  • Gross Income $87,277
  • Net Operating Income $50,669

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Professional Management Expense: 2500.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5000.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 2241019009
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 229.01

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00

Utilities

  • Pest Control Expense: 540.00
  • Sewer: Public Sewer
  • Trash Expense: 1344.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 7502.00

Multi Family

  • Electric Expense: 2160.00
  • Gross Income: 87277.00
  • Gross Scheduled Income: 88476.00
  • Insurance Expense: 1964.00
  • Laundry Income: 1500.00
  • Maintenance Expense: 4250.00
  • Net Operating Income: 50669.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 36608.00
  • Rent Control: Yes
  • Total Expenses: 36608.00
  • Vacancy Allowance: 2699

Tax Info

  • New Taxes Expense: 17250.00
  • Tax Census Tract: 1283.03
  • Tax Lot: 9
  • Tax Tract Number: 1200

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
04/07/2017 04/07/17 Sold $1,285,000 -6.9% $229 / Sq Ft
01/16/2017 01/16/17 Pending -- -- --
09/21/2016 09/21/16 For Sale $1,380,000 -- $246 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16708872

California Regional Multiple Listing Service (CRMLS)