NOT LISTED FOR SALE

14642 Delano St van Nuys, CA 91411

Van Nuys Area
10 Beds
8 Baths
5,611 Sq Ft
7,502 Sq Ft Lot

Sale Details

Date Sold: April 7, 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

7,502 Sq Ft Lot

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

Tax Info

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2016
Closed on
Mar 3, 2017
Sold by
Bought by
Seller's Agent
Reza Ghobadi
Reza Ghobadi
List Price
$1,380,000
Sold Price
$1,285,000
Premium/Discount to List
-$95,000
-6.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$655,000
Interest Rate
0.0416%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 8, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$565,000
Interest Rate
0.0338%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 8, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,500
Interest Rate
0.0674%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,500
Interest Rate
0.0674%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
0.0706%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,285,000 Provident Title
$850,000 Ticor Title Company
$830,000 American Coast Title
-- American Coast Title
-- Investors Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $870,000
Closed $655,000
Previous Owner $565,000
Previous Owner $622,500
Previous Owner $297,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $18,965 $1,491,348 $928,467 $562,881
2024 $18,705 $1,462,107 $910,262 $551,845
2023 $18,357 $1,433,439 $892,414 $541,025
2022 $17,533 $1,405,333 $874,916 $530,417
2021 $17,303 $1,377,778 $857,761 $520,017
2019 $16,804 $1,336,914 $832,320 $504,594
2018 $16,657 $1,310,700 $816,000 $494,700
2016 $11,386 $884,199 $468,105 $416,094
2015 $11,229 $870,918 $461,074 $409,844
2014 $11,312 $853,859 $452,043 $401,816
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)
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