NOT LISTED FOR SALE

14718 Sylvan St van Nuys, CA 91411

Van Nuys Area
3 Beds
3 Baths
5,046 Sq Ft
8,750 Sq Ft Lot

Sale Details

Date 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
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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

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

Closed on
Apr 14, 2026
Sold by
Sylvan Holdings Llc
Bought by

Purchase Details

Listed on
May 5, 2015
Closed on
Aug 28, 2015
Sold by
Hazelhurst Equities Llc
Bought by
Sylvan Holdings Llc
Seller's Agent
Raymond A. Rodriguez IV
Equity Union
Buyer's Agent
Raymond A. Rodriguez IV
Equity Union
List Price
$1,400,000
Sold Price
$1,400,000

Purchase Details

Closed on
Apr 15, 2014
Sold by
Humes Patricia L
Bought by
Hazelhurst Equities Llc

Purchase Details

Closed on
Feb 11, 2013
Sold by
Humes Patricia and Humes Patti
Bought by
Humes Patricia L and 2013 Patricia L Humes Separate Property

Purchase Details

Closed on
Aug 22, 2011
Sold by
Humes Jerry Lee
Bought by
Humes Patricia

Purchase Details

Closed on
Jul 12, 2011
Sold by
Yao Barry and Yao Lu
Bought by
Humes Patti

Purchase Details

Closed on
Apr 28, 2006
Sold by
Yao Lu
Bought by
Yao Lu and Lu Yao Revocable Trust

Purchase Details

Closed on
Oct 21, 2005
Sold by
Yao Barry and Yao Lu
Bought by
Yao Barry and Yao Lu

Purchase Details

Closed on
Apr 20, 2004
Sold by
Ridel Stefanie
Bought by
Siegel Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
5.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2004
Sold by
Sylvan & Remmet Llc
Bought by
Yao Barry and Yao Lu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
5.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 2003
Sold by
Siegel Steven and Schrage Leonard
Bought by
Sylvan & Remmet Llc

Purchase Details

Closed on
Jan 9, 2003
Sold by
Spear Jack and Spear Phyllis
Bought by
Spear Phyllis

Purchase Details

Closed on
Jan 3, 2003
Sold by
Schrage Leonard
Bought by
Schrage Leonard and Schrage Tema

Purchase Details

Closed on
Oct 14, 2002
Sold by
Spear Phyllis
Bought by
Siegel Stephen and Schrage Leonard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in van Nuys, CA

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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
$1,800,000 Chicago Title Company
Sylvan Holdings Llc $1,400,000 North American Title Company
Hazelhurst Equities Llc $1,070,000 Progressive Title Co
Humes Patricia L -- None Available
Humes Patricia -- North American Tttle Co Inc
Humes Patti $790,000 North American Title Co Inc
Yao Lu -- None Available
Yao Barry -- --
Siegel Stephen -- United Title Company
Yao Barry $880,000 United Title Company
Sylvan & Remmet Llc -- First American
Spear Phyllis -- Equity Title Company
Schrage Leonard -- Equity Title Company
Schrage Leonard -- Equity Title Company
Siegel Stephen -- Equity Title Company
Schrage Leonard -- Equity Title Company
Siegel Stephen $560,000 Equity 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
Previous Owner $496,000
Previous Owner Siegel Stephen $420,000
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
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

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
2026 $20,918 $1,690,455 $1,207,469 $482,986
2025 $20,918 $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

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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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