Seller's Agent in 2019
Amir Ladjevardi
Beverly and Company, Inc.
(818) 501-7100
7 Total Sales
14770 Erwin St van Nuys, CA 91411
Van Nuys Area
13
Beds
8
Baths
6,672
Sq Ft
7,503
Sq Ft Lot
About This Home
As of September 2019We are pleased to present well maintained 8 units building with at least 35% below market rents. Subject property is located in a very strong rental area of Van Nuys. The units have very low rents and therefore never a vacancy, Some units have balconies. Newer sewer line with 10 years warranty, 3 year old roof at the cost of $26,000 with warranty. Long driveway was resurfaced last year. Laundry room in the building, Please note this is a rent control building with Tucked under parking which requires soft retrofitting. Solid rental area and close to all. It is close proximity to all and provide lots of convenience to tenants. This building offers very low price/unit and low cost per square footage, A great investment property. PLEASE DIVE BY ONLY . Will not last. plenty of upside in rent . Ideal exchange property.
Last Agent to Sell the Property
Beverly and Company, Inc. License #00937385 Listed on: 08/27/2019
Property Details
Home Type
- Apartment
Year Built
- Built in 1962
Lot Details
- 7,503 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Interior Spaces
- 6,672 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 13 Bedrooms
- 8 Bathrooms
Laundry
- Laundry in unit
- Leased Washer and Dryer
Parking
- 6 Open Parking Spaces
- 10 Parking Spaces
- 4 Carport Spaces
- Parking Available
- Assigned Parking
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Legal Lot and Block 7 / 62
- Tax Tract Number 1200
- Assessor Parcel Number 2241016002
Community Details
Building Details
- 8 Leased Units
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,500
- Maintenance Expense $1,500
- Other Expense $2,000
- Professional Management Expense $1,200
- Trash Expense $2,500
- Water Sewer Expense $9,500
- New Taxes Expense $15,860
- Operating Expense $37,760
- Gross Income $95,832
- Net Operating Income $58,072
Additional Features
- 8 Units
- Laundry Facilities
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
Listed on
Aug 27, 2019
Closed on
Aug 30, 2019
Sold by
Bought by
Seller's Agent
Amir Ladjevardi
Beverly and Company, Inc.
Buyer's Agent
Karla Cisneros
Nansco Management Inc.
List Price
$1,345,000
Sold Price
$1,320,000
Premium/Discount to List
-$25,000
-1.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
0.036%
Mortgage Type
Commercial
Purchase Details
Listed on
Dec 15, 2017
Closed on
Feb 1, 2018
Sold by
Bought by
Seller's Agent
Steven Bijan Mesbah
Coldwell Banker Realty
Buyer's Agent
Steven Bijan Mesbah
Coldwell Banker Realty
List Price
$1,499,000
Sold Price
$1,499,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.88%
Original Mortgage
$642,000
Interest Rate
0.0415%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $1,320,000 | Progressive Title | ||
| $1,115,000 | Progressive 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 |
|---|---|---|---|
| Open | $1,000,000 | ||
| Closed | $700,000 | ||
| Closed | $800,000 | ||
| Previous Owner | $642,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 09/17/2019 09/17/19 | Sold | $1,320,000 | -1.9% | $198 / Sq Ft | |
| 09/11/2019 09/11/19 | Pending | -- | -- | -- | |
| 08/27/2019 08/27/19 | For Sale | $1,345,000 | -10.3% | $202 / Sq Ft | |
| 03/01/2018 03/01/18 | Sold | $1,499,000 | 0.0% | $225 / Sq Ft | View Prior Sale |
| 01/01/2018 01/01/18 | Pending | -- | -- | -- | |
| 12/15/2017 12/15/17 | For Sale | $1,499,000 | -- | $225 / 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 |
|---|---|---|---|---|
| 2025 | $18,469 | $1,443,606 | $579,629 | $863,977 |
| 2024 | $18,193 | $1,415,301 | $568,264 | $847,037 |
| 2023 | $17,856 | $1,387,551 | $557,122 | $830,429 |
| 2022 | $17,058 | $1,360,346 | $546,199 | $814,147 |
| 2021 | $16,826 | $1,333,674 | $535,490 | $798,184 |
| 2019 | $14,511 | $1,137,300 | $453,900 | $683,400 |
| 2018 | $3,530 | $208,097 | $43,880 | $164,217 |
| 2016 | $3,276 | $200,019 | $42,177 | $157,842 |
| 2015 | $3,241 | $197,016 | $41,544 | $155,472 |
| 2014 | $3,305 | $193,158 | $40,731 | $152,427 |
Source: Public Records
Agents Affiliated with this Home
-
Amir Ladjevardi
-
Karla Cisneros
K
Buyer's Agent in 2019
Karla Cisneros
Nansco Management Inc.
(818) 884-6356
17 Total Sales
-
Steven Bijan Mesbah
Seller's Agent in 2018
Steven Bijan Mesbah
Coldwell Banker Realty
(310) 897-0044
2 Total Sales
-
L
Seller Co-Listing Agent in 2018
Louis Woolf
-
S
Buyer's Agent in 2018
Steven B. Mesbah
Rodeo Realty - Beverly Hills
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR19204715
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.
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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