$1,275,000
$320K PRICE DROP

Estimated payment $7,094/month

Total Views 2,933
1 Bed
1 Bath
4,032 Sq Ft
$316 Price per Sq Ft

Highlights

  • Laundry Room
  • Van Nuys High School Rated A
  • 1-Story Property

About This Home

This property consists of 6 units located on two parcels. All units are one-bedroom, one-bathroom cottage/apartments featuring a small dining area. The cottages include attached one-car garages and hookups for washers and dryers. There is a potential for over a 40% increase in rental income, making these units highly desirable due to their style and location. The property requires low maintenance and has reliable tenants...According to assessor records, the total square footage of the two buildings is 4,032 sq. ft., and the total square footage of the two parcels is 10,985 sq. ft. (APN 2236-007-029 and 2236-007-028). Additionally, this property can be purchased alongside the corner triplex (APN 2236-007-030), representing an excellent development opportunity.

Listing Agent

Kifah Azzuz

MB Real Estate Brokerage Phone: 818-370-6005 License #00935157 Listed on: 03/27/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,609

Year Built

  • Built in 1940

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls
  • 029

Parking

  • 6 Open Parking Spaces
  • 6 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 4,032 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Legal Lot and Block 9 / 47
  • Tax Tract Number 1200
  • Assessor Parcel Number 2236007028
  • $355 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,360
  • Insurance Expense $5,500
  • Maintenance Expense $3,600
  • Other Expense $4,250
  • Pest Control $585
  • New Taxes Expense $15,938
  • Operating Expense $31,845
  • Gross Income $106,674
  • Net Operating Income $71,630

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,609

Year Built

Built in 1940

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.62
  • Price Per Unit: 212500
  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1360.00
  • Parcel Number: 2236007028
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: street
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 316.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Pest Control Expense: 585.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 029
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10985.00
  • Lot Size Acres: 0.2522

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 106674.00
  • Gross Multiplier: 11.95
  • Gross Operating Income: 106668.00
  • Gross Scheduled Income: 106668.00
  • Insurance Expense: 5500.00
  • Lot Size Area: 10985.0000 Square Feet
  • Maintenance Expense: 3600.00
  • Net Operating Income: 71630.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 31845.00
  • Other Expense: 4250.00
  • Other Expense Description: Utilitie
  • Rent Control: Yes
  • Total Actual Rent: 8889.00
  • Total Expenses: 31845.00
  • Vacancy Allowance: 3200
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15938.00
  • Tax Block: 47
  • Tax Census Tract: 1278.05
  • Tax Lot: 9
  • Tax Tract Number: 1200
  • TaxOtherAnnualAssessmentAmount: 355.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $3,609 $276,635 $153,688 $122,947
2024 $3,609 $271,212 $150,675 $120,537
2023 $3,545 $265,895 $147,721 $118,174
2022 $3,387 $260,682 $144,825 $115,857
2021 $3,337 $255,572 $141,986 $113,586
2020 $3,366 $252,953 $140,531 $112,422
2019 $3,242 $247,994 $137,776 $110,218
2018 $3,154 $243,132 $135,075 $108,057
2016 $2,997 $233,693 $129,831 $103,862
2015 $2,956 $230,183 $127,881 $102,302
2014 $2,985 $225,675 $125,376 $100,299
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 Price Changed $1,275,000 -8.9% $316 / Sq Ft
06/25/2025 06/25/25 Price Changed $1,400,000 -12.2% $347 / Sq Ft
03/27/2025 03/27/25 For Sale $1,595,000 -- $396 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Individual Deed $545,000 Old Republic Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $381,500 No Value Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25067142

California Regional Multiple Listing Service (CRMLS)

APN: 2236-007-028