NOT LISTED FOR SALE

14756 Vanowen St van Nuys, CA 91405

13 Beds
9 Baths
14,952 Sq Ft
15,899 Sq Ft

Last Sold November 26, 2014

Last sale price $2,953,000 $197 Per Sq Ft

37 Days on Market

About This Home

As of November 2014

Vanowen Apartments is a two-building, well-maintained apartment community consisting of 14 units located in Van Nuys, California. Set on a 15,892 square foot lot, the 14,952 square foot property offers a great unit mix of two-, three- and four-bedroom apartment homes. Two units are non-conforming and not part of the income and unit total, which creates great value-add, and/or they can be used as storage for an additional income stream. Vanowen Apartments is located along Vanowen Street between Cedros Avenue to the east and Kester Avenue to the west. Th e property is just east of Van Nuys Blvd, a major north-south arterial road. Archwood Street is to the south and Hartland Street is to the north.

** Non Rent Controlled
** Great Rental Upside
** Phenomenal Unit Mix
** Copper Plumbing, Newer Roofs

Last Agent to Sell the Property

Warren Berzack

Warren Lee Berzack License #01329015 Listed on: 07/12/2014

Warren Lee Berzack

Last Buyer's Agent

Warren Berzack

Warren Lee Berzack License #01329015 Listed on: 07/12/2014

Warren Lee Berzack

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1991

Lot Details

  • 0.37 Acre Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Parking

  • 28 Car Garage

Home Design

  • 14,952 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 9 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 1393
  • Assessor Parcel Number 2236002023

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 14 Units

Building Details

  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,140
  • Insurance Expense $3,500
  • Maintenance Expense $14,771
  • Other Expense $2,500
  • Pest Control $650
  • Trash Expense $3,848
  • Water Sewer Expense $17,000
  • New Taxes Expense $36,875
  • Gross Income $20,265
  • Net Operating Income $143,438

Property Details

Home Type

Multi-Family

Year Built

Built in 1991

Lot Details

0.37 Acres

Parking

28

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 17000.00
  • Property Type: Residential Income
  • Parcel Number: 2236002023
  • Year Built: 1991
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 197.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 28.00
  • Total Parking Spaces: 28.00

Utilities

  • Utilities: Sewer Connected
  • Pest Control Expense: 650.00
  • Trash Expense: 3848.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 15892.00
  • Lot Size Acres: 0.3650

Multi Family

  • Electric Expense: 3140.00
  • Gross Income: 20265.00
  • Gross Scheduled Income: 246180.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 15892.0000 Square Feet
  • Maintenance Expense: 14771.00
  • Net Operating Income: 143438.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 90433.00
  • Other Expense: 2500.00
  • Other Expense Description: Misc.
  • Rent Control: No

Tax Info

  • New Taxes Expense: 36875.00
  • Tax Lot: 3
  • Tax Tract Number: 1393
  • Tax Year: 2013
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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
11/26/2014 11/26/14 Sold $2,953,000 +0.1% $197 / Sq Ft
08/18/2014 08/18/14 Pending -- -- --
07/12/2014 07/12/14 For Sale $2,950,000 -- $197 / 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 $22,129 $1,774,522 $709,086 $1,065,436
2024 $22,129 $1,739,729 $695,183 $1,044,546
2023 $21,715 $1,705,617 $681,552 $1,024,065
2022 $20,735 $1,672,175 $668,189 $1,003,986
2021 $20,455 $1,639,388 $655,088 $984,300
2019 $19,860 $1,590,764 $635,658 $955,106
2018 $19,682 $1,559,574 $623,195 $936,379
2016 $18,733 $1,499,016 $598,997 $900,019
2015 $18,467 $1,476,500 $590,000 $886,500
2014 $13,656 $1,045,123 $418,049 $627,074
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14148169

California Regional Multiple Listing Service (CRMLS)
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