NOT LISTED FOR SALE

14804 Victory Blvd van Nuys, CA 91411

11 Beds
11 Baths
7,426 Sq Ft
7,809 Sq Ft Lot

Sale Details

Date Sold: May 8, 2015

Last sale price $1,315,000 $177 Per Sq Ft

11 Days on Market

About This Home

As of May 2015

Low Rents, Tremendous Upside Potential for this property. Unit mix of (1) 2BD-2BA and (9) 1BD-1BA Units. 100% Occupancy with very low tenant turnover in the building. First time on the market in 17 Years. New Roof Installed in 2006, New 100 gallon water heater installed for the building in 2011. On-Site laundry room operated by owner for additional income of $125/month. 10 parking spaces in the rear with 5 being covered. Actual rents $92,232 annually with one unit being leased to the on-site manager. Proforma $100,032 rents annually with all units fully leased.

Last Agent to Sell the Property

Michael Dostalek

A1 West Commercial Real Estate License #01343641 Listed on: 04/02/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 7,809

Home Design

  • Property Attached
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Multi-Level Property
  • Carpet
  • Laundry in unit

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Bathrooms

Parking

  • Carport
  • Parking Available

Additional Features

  • 7,809 Sq Ft Lot
  • Central Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 2241001003

Community Details

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $2,533
  • Gardener Expense $720
  • Insurance Expense $2,595
  • Supplies Expense $1,330
  • Trash Expense $1,205
  • Water Sewer Expense $8,299
  • New Taxes Expense $18,612
  • Operating Expense $42,991
  • Gross Income $92,232
  • Net Operating Income $54,040

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

7,809 Sq Ft Lot

Listing Details

  • CapRate: 3.90
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • Supplies Expense: 1330.00
  • Water Sewer Expenses: 8299.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 2241001003
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Multi/Split

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport, Covered

Utilities

  • Laundry: Yes
  • Appliances: Water Heater Central
  • Laundry Features: Community
  • Trash Expense: 1205.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7809.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Fuel Expense: 2533.00
  • Gross Income: 92232.00
  • Gross Multiplier: 14.25
  • Insurance Expense: 2595.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1500.00
  • Lot Size Area: 7809.0000 Square Feet
  • Net Operating Income: 54040.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 42991.00
  • Operating Expense Percent: 43.00
  • Total Expenses: 42991.00

Tax Info

  • New Taxes Expense: 18612.00
  • Tax Rate: 1.31
  • Tax Year: 2015

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
Apr 2, 2015
Closed on
Apr 10, 2015
Sold by
Bought by
Seller's Agent
Michael Dostalek
A1 West Commercial Real Estate
List Price
$1,425,000
Sold Price
$1,315,000
Premium/Discount to List
-$110,000
-7.72%

Purchase Details

Closed on
Nov 9, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
0.0387%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 22, 2010
Sold by
Bought by

Purchase Details

Closed on
Jun 23, 2000
Sold by
Bought by

Purchase Details

Closed on
Dec 22, 1997
Sold by
Bought by

Purchase Details

Closed on
Feb 2, 1996
Sold by
Bought by

Purchase Details

Closed on
Jun 14, 1995
Sold by
Bought by

Purchase Details

Closed on
Jun 7, 1995
Sold by
Bought by

Purchase Details

Closed on
Jan 21, 1994
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$1,315,000 Chicago Title Company
-- First American Title Insuran
-- None Available
-- --
$285,000 --
-- --
-- --
-- --
-- North American Title
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
Closed $500,000
Closed $350,000
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
05/08/2015 05/08/15 Sold $1,315,000 -7.7% $177 / Sq Ft
04/13/2015 04/13/15 Pending -- -- --
04/02/2015 04/02/15 For Sale $1,425,000 -- $192 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $20,150 $1,580,424 $948,255 $632,169
2024 $19,865 $1,549,436 $929,662 $619,774
2023 $19,496 $1,519,056 $911,434 $607,622
2022 $18,622 $1,489,271 $893,563 $595,708
2021 $18,367 $1,460,071 $876,043 $584,028
2019 $17,837 $1,416,766 $850,060 $566,706
2018 $17,666 $1,388,988 $833,393 $555,595
2016 $16,806 $1,335,053 $801,032 $534,021
2015 $5,407 $378,631 $143,478 $235,153
2014 -- $371,215 $140,668 $230,547
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Michael Dostalek

    A1 West Commercial Real Estate

See All Agents

Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-315002158

Pasadena-Foothills Association of REALTORS®
California Los Angeles County Van Nuys 91411

14804 Victory Blvd, Van Nuys, CA

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.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.