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

108 Days on Market

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

8,750 Sq Ft Lot

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
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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

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 $20,665 $1,657,310 $1,183,794 $473,516
2024 $20,665 $1,624,815 $1,160,583 $464,232
2023 $20,278 $1,592,957 $1,137,827 $455,130
2022 $19,365 $1,561,723 $1,115,517 $446,206
2021 $19,118 $1,531,102 $1,093,645 $437,457
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15074228

California Regional Multiple Listing Service (CRMLS)
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