NOT LISTED FOR SALE

14830 Erwin St van Nuys, CA 91411

Estimated Value: $1,044,614 - $1,324,000

4 Beds
4 Baths
2,464 Sq Ft
$497/Sq Ft Est. Value

Last Sold May 31, 2012

Last sale price $401,000 $163 Per Sq Ft

Est. 205% increase in value since last sale

Current estimated payment $6,958/month

Highlights

  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Van Nuys High School Rated A
  • Carpet

About This Home

As of May 2012

Excellent Investor opportunity with an added value potential,building was built in 1954 and is on a raised foundation with a crossed-gabled style comp shingle roof. There is a 4 car, carport with an additional off street parking. All 4 units are 1 bedroom, I bath on a 7502 square foot R-3 zoned lot

Last Agent to Sell the Property

David Kinder

David Kinder License #00313096 Listed on: 05/04/2012

Last Buyer's Agent

Leon Gershkovich

Prime Banker Realty Inc. License #01205638

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,479

Year Built

  • Built in 1954

Lot Details

  • 7,503 Sq Ft Lot

Parking

  • 4 Car Garage

Home Design

  • 2,464 Sq Ft Home
  • Traditional Architecture
  • Raised Foundation
  • Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 1200
  • Assessor Parcel Number 2241016008

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $4,800
  • New Taxes Expense $4,375
  • Gross Income $2,440
  • Net Operating Income $18,319

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,479

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.00
  • Water Sewer Expenses: 4800.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 2241016008
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Price Per Square Foot: 162.74

Exterior Features

  • Foundation: Raised
  • Roof: Composition
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 7503.00
  • Lot Size Acres: 0.1720

Multi Family

  • Gross Income: 2440.00
  • Gross Multiplier: 11.95
  • Gross Scheduled Income: 2440.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7503.0000 Square Feet
  • Net Operating Income: 18319.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 10375.00
  • Rent Control: Yes
  • Total Actual Rent: 2440.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 4375.00
  • Tax Lot: 11
  • Tax Tract Number: 1200
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2016
Sold by
Shmukler David
Bought by
Isco Kittridge Llc
Current Estimated Value
$1,223,904

Purchase Details

Listed on
May 4, 2012
Closed on
May 23, 2012
Sold by
Corsinita Joseph T and Corsinita Constance J
Bought by
Shmukler David
Seller's Agent
David Kinder
David Kinder
Buyer's Agent
Leon Gershkovich
Prime Banker Realty Inc.
Sold Price
$401,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.67%

Purchase Details

Listed on
May 4, 2012
Closed on
May 17, 2012
Sold by
Filatkina Elena
Bought by
Shmukler David
Seller's Agent
David Kinder
David Kinder
Buyer's Agent
Leon Gershkovich
Prime Banker Realty Inc.
Sold Price
$401,000

Purchase Details

Closed on
Jun 8, 2001
Sold by
Corsinita Joseph T and Corsinita Constance J
Bought by
Corsinita Joseph T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
7.14%

Purchase Details

Closed on
Apr 2, 2001
Sold by
Sallee Kenneth E and Sallee Janet L
Bought by
Corsinita Joseph T
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Isco Kittridge Llc -- Accommodation
Shmukler David $401,000 Orange Coast Title-Santa Ana
Shmukler David -- Orange Coast Title-Santa Ana
Corsinita Joseph T -- Fidelity Title
Corsinita Joseph T $500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Corsinita Joseph T $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2012 05/31/12 Sold $401,000 -- $163 / Sq Ft
05/04/2012 05/04/12 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $6,479 $503,667 $251,206 $252,461
2024 $6,479 $493,792 $246,281 $247,511
2023 $6,362 $484,110 $241,452 $242,658
2022 $6,080 $474,618 $236,718 $237,900
2021 $5,998 $465,313 $232,077 $233,236
2019 $5,828 $451,514 $225,195 $226,319
2018 $5,679 $442,662 $220,780 $221,882
2016 $5,415 $425,474 $212,207 $213,267
2015 $5,340 $419,084 $209,020 $210,064
2014 $5,382 $410,876 $204,926 $205,950
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    David Kinder

    David Kinder

    Section Image

  • L

    Buyer's Agent in 2012

    Leon Gershkovich

    Prime Banker Realty Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F12054713

California Regional Multiple Listing Service (CRMLS)

APN: 2241-016-008

California Los Angeles County Van Nuys 91411

14830 Erwin St, Van Nuys, CA

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