NOT LISTED FOR SALE

Estimated Value: $860,056 - $1,383,000

4 Beds
3 Baths
2,228 Sq Ft
$459/Sq Ft Est. Value

Last Sold July 26, 2018

Last sale price $582,500 $261 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $6,254/month

51 Days on Market

About This Home

As of July 2018

"REDUCED" Multi-Family Property-Triplex in the City of Van Nuys, well centric Located for Transportation and close to main Streets, Van Nuys Blvd and Sepulveda Blvd. Great Opportunity for Investors to Purchase. 3 Units; Unit 1 is a 1 bedroom with 1 bath with its Own Patio with separate Water heater , Wall A/C unit and wall furnace, separate electric meter with one garage parking and 1 separate assigned parking. Unit 2 is a 1 Bedroom, 1 bath , Patio with separate water heater, Wall A/C unit and wall furnace , separate electric meter, 1 garage parking. Unit 3 is a 2 bedroom, 1 bathroom, patio with its own water heater, wall A/C unit and wall furnace, separate Electric meter, 1 garage parking and 1 assigned parking. Owner has a separate electric meter for Operating Utilities and Pays for Water, Insurance and Gardener. Property is in RENT CONTROL AREA, LOT is ZONED for LARD 1.5, Buyer to Do all investigations regarding Permits, Lot and Zoned Use with the City of LA. PLEASE DO NOT DISTURB TENANTS UNDER ANY CIRCUMSTANCE*** DO NOT WALK INTO THE PROPERTY**** ALL INTERIOR INSPECTIONS AND WALK IN'S WILL BE DONE ONLY WITH AN ACCEPTED OFFER.

Last Agent to Sell the Property

Jose Garcia-Coronado

Global Premier Properties, Inc. License #02005351 Listed on: 04/16/2018

Last Buyer's Agent

Gina Uzunyan

Koenig Properties License #00984953

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,158

Year Built

  • Built in 1955

Lot Details

  • 6,065 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 2 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 2,228 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 8
  • Tax Tract Number 127210
  • Assessor Parcel Number 2209038026

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $950
  • Other Expense $250
  • Water Sewer Expense $1,380
  • New Taxes Expense $8,960
  • Operating Expense $12,500
  • Gross Income $36,732
  • Net Operating Income $24,232

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,158

Year Built

Built in 1955

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1380.00
  • Zoning: LARD1.5
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 2209038026
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 261.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 6065.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 36732.00
  • Gross Scheduled Income: 36732.00
  • Insurance Expense: 950.00
  • Net Operating Income: 24232.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Number With Patio: 3
  • Operating Expense: 12500.00
  • Other Expense: 250.00
  • Other Expense Description: repairs
  • Rent Control: Yes
  • Total Expenses: 12500.00

Tax Info

  • New Taxes Expense: 8960.00
  • Tax Census Tract: 1272.10
  • Tax Lot: 8
  • Tax Tract Number: 127210

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2018
Closed on
Jul 20, 2018
Sold by
Montes Jesus and Razura Ofelia
Bought by
K A J Group 9 Llc
Seller's Agent
Jose Garcia-Coronado
Global Premier Properties, Inc.
Buyer's Agent
Gina Uzunyan
Koenig Properties
List Price
$699,000
Sold Price
$582,500
Premium/Discount to List
-$116,500
-16.67%
Current Estimated Value
$1,023,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$440,514
Avg. Annual Appreciation
7.73%

Purchase Details

Closed on
Oct 18, 2014
Sold by
Hernandez Ricardo and Garibay Eloise Jacqueline
Bought by
Montes Jesus and Razura Ofelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,166
Interest Rate
4.1%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 8, 2004
Sold by
Garibay Eloise Jacqueline
Bought by
Hernandez Ricardo and Garibay Eloise Jacqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2002
Sold by
Garibay Eloise Jacqueline
Bought by
Hernandez Ricardo and Garibay Eloise Jacqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.25%

Purchase Details

Closed on
Jan 11, 2001
Sold by
Hud
Bought by
Hernandez Ricardo and Garibay Eloise Jacqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,400
Interest Rate
7.19%

Purchase Details

Closed on
Jul 13, 2000
Sold by
Citimortgage Inc
Bought by
Hud

Purchase Details

Closed on
Jul 12, 2000
Sold by
Ducasse Hector D and Sani Maria L
Bought by
Citimortgage Inc and Citicorp Mtg Inc

Purchase Details

Closed on
Mar 12, 1998
Sold by
Walker Clair L and Clair & Diane Walker Family Tr
Bought by
Ducasse Hector Daniel and Sani Maria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,321
Interest Rate
7.07%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 4, 1995
Sold by
Walker Clair L and Walker Diane E
Bought by
Walker Clair L and Walker Diane E
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
K A J Group 9 Llc $582,500 Stewart Title
Montes Jesus $465,000 Usa National Title Co
Hernandez Ricardo -- --
Garibay Eloise Jacqueline -- First American Title Company
Hernandez Ricardo -- First American Title Co
Garibay Eloise Jacqueline -- First American Title Co
Hernandez Ricardo $192,000 Old Republic Title
Hud -- --
Citimortgage Inc $178,595 --
Ducasse Hector Daniel $166,000 Stewart Title
Walker Clair L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Montes Jesus $403,978
Previous Owner Montes Jesus $402,166
Previous Owner Garibay Eloise Jacqueline $333,700
Previous Owner Garibay Eloise Jacqueline $200,000
Previous Owner Hernandez Ricardo $182,400
Previous Owner Ducasse Hector Daniel $162,321
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2018 07/26/18 Sold $582,500 -16.7% $261 / Sq Ft
06/06/2018 06/06/18 Pending -- -- --
04/16/2018 04/16/18 For Sale $699,000 -- $314 / Sq Ft
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 $8,158 $649,784 $393,217 $256,567
2024 $8,158 $637,044 $385,507 $251,537
2023 $8,006 $624,554 $377,949 $246,605
2022 $7,645 $612,309 $370,539 $241,770
2021 $7,546 $600,304 $363,274 $237,030
2019 $7,328 $582,500 $352,500 $230,000
2018 $6,808 $536,580 $322,160 $214,420
2016 $6,500 $515,746 $309,651 $206,095
2015 $6,409 $508,000 $305,000 $203,000
2014 $3,823 $282,810 $127,619 $155,191
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18087658

California Regional Multiple Listing Service (CRMLS)

APN: 2209-038-026