NOT LISTED FOR SALE

14821 Burbank Blvd van Nuys, CA 91411

3 Beds
2 Baths
4,844 Sq Ft
10,665 Sq Ft Lot

Last Sold May 23, 2016

Last sale price $1,470,000 $303 Per Sq Ft

About This Home

As of May 2016

We are proud to represent the pride of ownership six unit apartment building located in the affluent neighborhood of Sherman Oaks. The units consists of (2) two bedroom one bath units and (4) one bedroom one bath units. The two bedroom units have fireplaces and central air. The building is 4,844 square feet and is situated on a 10,644 square foot lot.
The property has been well maintained and features a newly painted exterior, new roof, copper plumbing, enclosed garages and one extra garage space for storage. The property is on a large 10,644 square foot R3 lot which has been newly landscaped.
An astute investor will enjoy historical low interest rates and the increase of rents of time. The property is a 5 cap on market rents.

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 03/07/2016

Equity Union

Last Buyer's Agent

Dave White

Element RE, Inc License #01311443

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 10,665 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • 4,844 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 14869
  • Assessor Parcel Number 2244015020

Community Details

Overview

  • 6 Units

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Insurance Expense $1,561
  • New Taxes Expense $18,112
  • Gross Income $6,672
  • Net Operating Income $49,197

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 2244015020
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 303.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10665.00
  • Price Per Lot Square Foot: 137.83
  • Lot Size Acres: 0.2450

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 6672.00
  • Gross Scheduled Income: 80064.00
  • Insurance Expense: 1561.00
  • Lot Size Area: 10665.0000 Square Feet
  • Net Operating Income: 49197.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 28465.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 18112.00
  • Tax Lot: 19
  • Tax Tract Number: 14869

Range of Values:

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Sold Price
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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 Change Sq Ft Price
05/23/2016 05/23/16 Sold $1,470,000 -1.7% $303 / Sq Ft
03/23/2016 03/23/16 Pending -- -- --
03/07/2016 03/07/16 For Sale $1,495,000 +20.6% $309 / Sq Ft
11/16/2015 11/16/15 Sold $1,240,000 -11.1% $256 / Sq Ft
10/30/2015 10/30/15 Pending -- -- --
10/19/2015 10/19/15 For Sale $1,395,000 -- $288 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cindy Hill

    Seller's Agent in 2016

    Cindy Hill

    Equity Union

    (818) 640-8360

    14 in this area

    77 Total Sales

    Cindy Hill
    Section Image
  • Dave White

    Buyer's Agent in 2016

    Dave White

    Element RE, Inc

    (818) 349-9997

    22 Total Sales

    Dave White
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16047270

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Van Nuys 91411

14821 Burbank Blvd, Van Nuys, CA

This home is located at 14821 Burbank Blvd, van Nuys, CA 91411 since 07 March 2016. This property was built in 1953. 14821 Burbank Blvd is a home located in Los Angeles County with nearby schools including Kester Avenue Elementary School, Van Nuys High School, and Ivy Bound Academy of Math Sci and Tech Charter Middle.

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California Regional Multiple Listing Service (CRMLS) 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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