Seller's Agent in 2021
Janette Monfared
Marcus & Millichap
(818) 212-2700
5 in this area
22 Total Sales
Corner Lot Offering 7 Large Single Units; Four (4) Units Have Been Completely Remodeled; One Unit Will Be Delivered Vacant; High in-place Rents; Possibility of Adding Another Unit (AUD); Current Cap Rate of 5.50% and Actual GRM of 12.2; Gated and Enclosed Parking in the Back; On-site Laundry Facilities - Owned; Located in Easy-to-Rent Van Nuys Rental Market. This asset is located on a gated and fenced corner lot with good curb appeal and offers high in-place rents, strong rental demand, and attractive financing. The potential of adding an ADU apartment to this property will make this a desirable Value-Add investment. Van Nuys offers a dense rental market with easy access to transportation hubs and employment, dining, shopping, and entertainment facilities of the area.
Last Agent to Sell the Property
Marcus & Millichap License #00765098 Listed on: 06/01/2021
Last Buyer's Agent
Carlo Honanian
License #01264495
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/28/2021 07/28/21 | Sold | $1,390,000 | -4.1% | $302 / Sq Ft | |
| 07/12/2021 07/12/21 | Pending | -- | -- | -- | |
| 06/01/2021 06/01/21 | For Sale | $1,450,000 | +27.8% | $315 / Sq Ft | |
| 12/20/2019 12/20/19 | Sold | $1,135,000 | -9.9% | $247 / Sq Ft | View Prior Sale |
| 09/24/2019 09/24/19 | Pending | -- | -- | -- | |
| 06/06/2019 06/06/19 | For Sale | $1,260,000 | +13.3% | $274 / Sq Ft | |
| 12/21/2016 12/21/16 | Sold | $1,112,500 | -3.3% | $242 / Sq Ft | View Prior Sale |
| 12/15/2016 12/15/16 | Pending | -- | -- | -- | |
| 10/25/2016 10/25/16 | For Sale | $1,150,000 | 0.0% | $250 / Sq Ft | |
| 10/14/2016 10/14/16 | Pending | -- | -- | -- | |
| 08/08/2016 08/08/16 | For Sale | $1,150,000 | -- | $250 / Sq Ft |
| 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 | $18,395 | $1,475,077 | $885,046 | $590,031 |
| 2024 | $18,395 | $1,446,155 | $867,693 | $578,462 |
| 2023 | $18,050 | $1,417,800 | $850,680 | $567,120 |
| 2022 | $17,237 | $1,390,000 | $834,000 | $556,000 |
| 2021 | $15,131 | $1,202,327 | $484,972 | $717,355 |
| 2020 | $14,628 | $1,135,000 | $750,000 | $385,000 |
| 2019 | $14,598 | $1,157,445 | $460,377 | $697,068 |
| 2018 | $14,462 | $1,134,750 | $451,350 | $683,400 |
| 2016 | $12,267 | $964,487 | $578,692 | $385,795 |
| 2015 | $10,255 | $795,583 | $477,350 | $318,233 |
| 2014 | $9,963 | $750,000 | $360,000 | $390,000 |
Seller's Agent in 2021
Janette Monfared
Marcus & Millichap
(818) 212-2700
5 in this area
22 Total Sales
C
Buyer's Agent in 2021
Carlo Honanian
Seller's Agent in 2019
Reza Ghobadi
Reza Ghobadi
(818) 793-2923
3 in this area
18 Total Sales
Seller's Agent in 2016
Filip Niculete
Marcus & Millichap
(818) 357-9525
12 in this area
103 Total Sales
Source: The MLS
MLS Number: 21-741924