NOT LISTED FOR SALE

14929 Vanowen St van Nuys, CA 91405

Van Nuys Area
30 Beds
15 Baths
11,832 Sq Ft
0.37 Acre Lot

Sale Details

Date Sold: February 10, 2017

Last sale price $2,700,000 $228 Per Sq Ft

52 Days on Market

About This Home

As of February 2017

Price Reduction of $220,000. 14929 Vanowen Street presents a unique opportunity to invest in a recently upgraded multifamily property with rent upside potential. Over the course of the last 3 years the current owner has renovated units upon turnover by installing laminate flooring, new kitchen cabinets, granite countertops and new bathroom vanities.To date, approximately 50% of the units have been upgrading leaving room for a new investor to reposition the remaining units,perform a renovation and capture the over 20% upside that exists in rents.In addition to upgrading the unit interiors, the current owner has also recently installed all new windows throughout which will serve to improve insulation in both hot and cold weather, enhance the curb appeal of the property and better sound proof each unit.The exterior of the property was also recently painted and new front entry doors were installed in each unit.

Last Agent to Sell the Property

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 10/24/2016

Last Buyer's Agent

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 10/24/2016

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 16,082 Sq Ft Lot

Interior Spaces

  • 11,832 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 30 Bedrooms
  • 15 Bathrooms

Parking

  • 24 Parking Spaces
  • Unassigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 15 Units

Listing and Financial Details

  • Assessor Parcel Number 2220-018-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0.37 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 11832
  • Stories: 2
  • Year Built: 1953
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 30
  • Total Bathrooms: 15.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 242.14

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Unassigned
  • Total Parking: 24

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 790578
  • Assessed Land Value: 1040235
  • Assessor Parcel Number: 2220-018-021
  • Geocode Override: No
  • Lot Size Area: 16082

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.98
  • Number Of Units: 15
  • Rent Control: 100%
  • Type Of Units: APT

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 16, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,305,000
Outstanding Balance
$2,002,003
Interest Rate
3.72%
Mortgage Type
Construction

Purchase Details

Listed on
Oct 24, 2016
Closed on
Dec 12, 2016
Sold by
Bought by
Seller's Agent
David Harrington
Matthews Real Estate Investment Services
Buyer's Agent
David Harrington
Matthews Real Estate Investment Services
List Price
$3,085,000
Sold Price
$2,700,000
Premium/Discount to List
-$385,000
-12.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Interest Rate
4.32%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 25, 2013
Closed on
Mar 19, 2013
Sold by
Bought by
Seller's Agent
Jonathan Prakash
Equity Union
Buyer's Agent
David Harrington
Matthews Real Estate Investment Services
List Price
$1,750,000
Sold Price
$1,760,000
Premium/Discount to List
$10,000
0.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.95%
Original Mortgage
$1,320,000
Interest Rate
3.51%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 6, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 12, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in van Nuys, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Fidelity National Title
$2,700,000 Ticor Title Co
$1,760,017 Ticor Title Co
-- First American Title
-- Gateway Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,305,000
Previous Owner $1,700,000
Previous Owner $1,320,000
Previous Owner $600,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/10/2017 02/10/17 Sold $2,700,000 -5.8% $228 / Sq Ft
12/15/2016 12/15/16 Pending -- -- --
11/17/2016 11/17/16 Price Changed $2,865,000 -7.1% $242 / Sq Ft
10/24/2016 10/24/16 For Sale $3,085,000 +75.3% $261 / Sq Ft
04/30/2013 04/30/13 Sold $1,760,000 +0.6% $149 / Sq Ft View Prior Sale
03/04/2013 03/04/13 Pending -- -- --
01/25/2013 01/25/13 For Sale $1,750,000 -- $148 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $39,449 $3,133,576 $1,723,467 $1,410,109
2024 $38,946 $3,072,134 $1,689,674 $1,382,460
2023 $38,214 $3,011,897 $1,656,544 $1,355,353
2022 $36,487 $2,952,841 $1,624,063 $1,328,778
2021 $36,004 $2,894,943 $1,592,219 $1,302,724
2020 $36,357 $2,869,360 $1,575,893 $1,293,467
2019 $34,957 $2,813,180 $1,544,994 $1,268,186
2018 $34,662 $2,758,100 $1,514,700 $1,243,400
2016 $23,317 $1,830,813 $1,040,235 $790,578
2015 $22,993 $1,803,313 $1,024,610 $778,703
2014 $23,157 $1,767,990 $1,004,540 $763,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-174162

The MLS
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