NOT LISTED FOR SALE

14718 Sylvan St van Nuys, CA 91411

3 Beds
3 Baths
5,046 Sq Ft
8,750 Sq Ft Lot

Last Sold October 16, 2015

Last sale price $1,400,000 $277 Per Sq Ft

About This Home

As of October 2015

14718 Sylvan Street is a non rent control apartment complex and is comprised of 8 garden-style apartment units in 1 two-story building. The building construction is wood frame with a painted stucco exterior/brick accent and a flat roof. Development was completed in 1980 with a total of +/- 5,046 building square feet on a +/- 8,749 square foot lot. Current zoning is LAR3.
The apartment units are spacious and consist of 7 one bedroom/one bath & 1 two bedroom/two bath units. Some unit amenities include fireplaces, spacious closets and cabinets, wall A.C. units, designated dining room, granite counter tops, and Pergo wood flooring. The building offers a total of 13 parking spaces comprised of combination carport/tandem parking tuck under/tandem parking. There are only two tuck under parking spaces. The laundry machines are owned and come with the building generating a nice additional income. Additionally, the property has had some fairly recent capital expenditures including, re-paving of the driveway/parking lot, exterior painting of the building, new decking, fairly newer roof and water heater.

Last Agent to Sell the Property

Raymond A. Rodriguez IV

Equity Union License #01402283 Listed on: 05/05/2015

Equity Union

Last Buyer's Agent

Raymond A. Rodriguez IV

Equity Union License #01402283 Listed on: 05/05/2015

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 8,750 Sq Ft Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Parking

  • 13 Car Garage

Home Design

  • 5,046 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 1200
  • Assessor Parcel Number 2241010003

Community Details

Overview

  • 8 Units

Building Details

  • 8 Leased Units
  • Electric Expense $3,408
  • Insurance Expense $1,766
  • Maintenance Expense $4,800
  • Professional Management Expense $3,582
  • Trash Expense $990
  • Water Sewer Expense $3,408
  • New Taxes Expense $17,500
  • Gross Income $8,675
  • Net Operating Income $61,859

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Parking

13

Listing Details

  • CapRate: 4.42
  • Professional Management Expense: 3582.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3408.00
  • Property Type: Residential Income
  • Parcel Number: 2241010003
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 277.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 13.00
  • Total Parking Spaces: 13.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 990.00

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 8750.00
  • Lot Size Acres: 0.2010

Multi Family

  • Electric Expense: 3408.00
  • Gross Income: 8675.00
  • Gross Multiplier: 13.22
  • Gross Scheduled Income: 105900.00
  • Insurance Expense: 1766.00
  • Lot Size Area: 8750.0000 Square Feet
  • Maintenance Expense: 4800.00
  • Net Operating Income: 61859.00
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 40864.00
  • Rent Control: No
  • Total Actual Rent: 8675.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 17500.00
  • Tax Lot: 4
  • 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
10/16/2015 10/16/15 Sold $1,400,000 0.0% $277 / Sq Ft
08/21/2015 08/21/15 Pending -- -- --
05/05/2015 05/05/15 For Sale $1,400,000 -- $277 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Raymond A. Rodriguez IV

    Seller's Agent in 2015

    Raymond A. Rodriguez IV

    Equity Union

    (818) 581-5829

    2 in this area

    40 Total Sales

    Raymond A. Rodriguez IV
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15074228

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

14718 Sylvan St, Van Nuys, CA

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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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