NOT LISTED FOR SALE

14711 Sylvan St Los Angeles, CA 91411

3 Beds
2 Baths
5,440 Sq Ft
8,757 Sq Ft Lot

Last Sold May 17, 2021

Last sale price $1,715,000 $315 Per Sq Ft

Highlights

  • Lawn
  • Laundry Room
  • Landscaped
  • Van Nuys High School Rated A

About This Home

As of May 2021

We are proud to represent this 8 unit apartment building in Van Nuys.

The property was constructed in 1955. Its unit mix consists of (6) one-bedroom, one-bathroom units and (2) two-bedroom, one-bathroom units. With a lot size of 8,856 square feet, the property has a total of 5,440 rentable square feet. The two bedroom units have fireplaces and all units have hardwood floors and dishwashers. The building has a gated entry, pitched roof, and onsite laundry. It is not subject to the seismic retrofit.

The property is situated in Van Nuys with close access to the 405, 101, and 170 freeways. Ventura Blvd. is just minutes away with all of its restaurants and shopping while the metro link transportations service allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles.

The property is separately metered for gas and electricity.

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 03/10/2021

Equity Union

Last Buyer's Agent

Cindy Hill

Equity Union License #00885625 Listed on: 03/10/2021

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 8,757 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Lawn

Parking

  • 8 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 5,440 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 35 / 64
  • Tax Tract Number 1200
  • Assessor Parcel Number 2241007022

Community Details

Overview

  • 8 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 8 Separate Water Meters
  • Electric Expense $4,583
  • Fuel Expense $161
  • Insurance Expense $3,219
  • Trash Expense $5,174
  • New Taxes Expense $20,102
  • Operating Expense $45,311
  • Gross Income $124,033
  • Net Operating Income $75,336

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • CapRate: 4.50
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 2241007022
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 315.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 5174.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban, Urban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn
  • Lot Size Sq Ft: 8757.00
  • Lot Size Acres: 0.2010

Multi Family

  • Electric Expense: 4583.00
  • Fuel Expense: 161.00
  • Gross Income: 124033.00
  • Gross Multiplier: 13.47
  • Gross Scheduled Income: 124033.00
  • Insurance Expense: 3219.00
  • Lot Size Area: 8757.0000 Square Feet
  • Net Operating Income: 75336.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 45311.00
  • Rent Control: No
  • Total Expenses: 45311.00

Tax Info

  • New Taxes Expense: 20102.00
  • Tax Block: 64
  • Tax Census Tract: 1283.02
  • Tax Lot: 35
  • 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 List to Sale Price per Sq Ft
05/17/2021 05/17/21 Sold $1,715,000 +2.4% $315 / Sq Ft
03/19/2021 03/19/21 Pending -- -- --
03/10/2021 03/10/21 For Sale $1,675,000 -- $308 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cindy Hill

    Seller's Agent in 2021

    Cindy Hill

    Equity Union

    (818) 640-8360

    15 in this area

    76 Total Sales

    Cindy Hill
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21050588

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 91411

14711 Sylvan St, Los Angeles, CA

This home is located at 14711 Sylvan St, Los Angeles, CA 91411 since 10 March 2021. This property was built in 1955. 14711 Sylvan St is a home located in Los Angeles County with nearby schools including Sylvan Park Elementary, Van Nuys High School, and ISANA Palmati Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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