NOT LISTED FOR SALE

14926 Dickens St Sherman Oaks, CA 91403

3 Beds
2 Baths
6,524 Sq Ft
10,559 Sq Ft Lot

Last Sold April 26, 2017

Last sale price $2,650,000 $406 Per Sq Ft

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Landscaped
  • Van Nuys High School Rated A
  • Laundry Room
  • Wall Furnace

About This Home

As of April 2017

14926 Dickens St is a beautifully maintained eight unit building located South of Ventura Boulevard on Dickens. It is a single block away from the countless restaurants, bars, shops, businesses and destinations along Sherman Oaks’ main strip. Many passers by have called this building the nicest complex on the whole street! The units, both inside and out, have been meticulously cared for and the traditional charm of the building has been preserved. It is no wonder that a rare vacancy can be filled with an A+ tenant within one weekend.

The current cap rate of 14926 Dickens stands out at 4.51%, much higher than the nearby comparable sales which are all in the mid to high 3% range. This is a rare opportunity to acquire a charming building in an unbeatable location with solid cash flow, nice tenants and few management headaches!

The building contains two 2 bedroom, 1 bathroom units and six large 1 bedroom, 1 bathroom units. Building updates/amenities include hardwood floors throughout, 100% copper plumbing, a 2016 exterior paint job and dining nooks with wainscoting in each unit.

Last Agent to Sell the Property

Elizabeth Maddox

No Firm Affiliation License #01921425 Listed on: 04/26/2017

Last Buyer's Agent

David Goldman

Shari Randall License #01729171

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 10,559 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Home Design

  • Property Attached

Interior Spaces

  • 6,524 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 9 Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

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

Listing and Financial Details

  • Tax Lot 437
  • Tax Tract Number 5822
  • Assessor Parcel Number 2276011078

Community Details

Building Details

  • 7 Leased Units
  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,800
  • Water Sewer Expense $3,000
  • New Taxes Expense $29,199
  • Operating Expense $38,439
  • Gross Income $12,474
  • Net Operating Income $110,475

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • CapRate: 4.51
  • Price Per Unit: 306250
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 2276011078
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Levels: Two
  • Price Per Square Foot: 406.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 10559.00

Multi Family

  • Average1 Bed Area: 800 Square Feet
  • Average2 Bed Area: 862 Square Feet
  • Gross Income: 12474.00
  • Gross Multiplier: 16.37
  • Gross Operating Income: 148195.00
  • Gross Scheduled Income: 149691.00
  • Insurance Expense: 2800.00
  • Net Operating Income: 110475.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 8
  • Operating Expense: 38439.00
  • Rent Control: Yes
  • Total Expenses: 38439.00
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 29199.00
  • Tax Census Tract: 1413.02
  • Taxes Percent: 1.19
  • Tax Lot: 437
  • Tax Tract Number: 5822

Range of Values:

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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
04/26/2017 04/26/17 Sold $2,650,000 +8.2% $406 / Sq Ft
04/26/2017 04/26/17 Pending -- -- --
04/26/2017 04/26/17 For Sale $2,450,000 -- $376 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17090439

California Regional Multiple Listing Service (CRMLS)