Seller's Agent in 2016
Cindy Hill
Equity Union
(818) 640-8360
16 in this area
80 Total Sales
14821 Burbank Blvd van Nuys, CA 91411
3
Beds
2
Baths
4,844
Sq Ft
10,665
Sq Ft Lot
About This Home
As of May 2016We 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.
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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
| 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 | $21,646 | $1,740,178 | $698,438 | $1,041,740 |
| 2024 | $21,646 | $1,706,058 | $684,744 | $1,021,314 |
| 2023 | $21,240 | $1,672,607 | $671,318 | $1,001,289 |
| 2022 | $20,281 | $1,639,811 | $658,155 | $981,656 |
| 2021 | $20,025 | $1,607,658 | $645,250 | $962,408 |
| 2019 | $19,444 | $1,561,575 | $626,112 | $935,463 |
| 2018 | $19,221 | $1,530,988 | $613,836 | $917,152 |
| 2016 | $15,586 | $1,240,000 | $830,000 | $410,000 |
| 2015 | $2,162 | $120,718 | $61,177 | $59,541 |
| 2014 | $2,211 | $118,354 | $59,979 | $58,375 |
Source: Public Records
Agents Affiliated with this Home
-
Cindy Hill
-
Dave White
Buyer's Agent in 2016
Dave White
Element RE, Inc
(818) 349-9997
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR16047270
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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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