NOT LISTED FOR SALE

14933 Saticoy St van Nuys, CA 91405

Estimated Value: $886,000 - $1,068,000

4 Beds
3 Baths
2,228 Sq Ft
$429/Sq Ft Est. Value

Last Sold April 30, 2015

Last sale price $520,000 $233 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,565/month

48 Days on Market

About This Home

As of April 2015

*** BACK ON MARKET!!! ***

Units will be available to view on Friday March 20th between 10am - 1pm. Offers due by 5pm on Monday March 23rd. Contact listing agent to register to view units.

Professionally managed triplex in Van Nuys.

Unit mix consists of one 2/1 and two 1/1's. Units are separately metered for gas & electricity. Subject property is well situated in Van Nuys a few blocks West from the 405 freeway and across the street from Cohasset Street Elementary School.

Tenants enjoy private fenced patios, onsite laundry and enclosed garages. Each of the three garages currently rented for $50/month. Property subject to rent control.

Subject property located on Saticoy St. West of 405 freeway, East of 170 freeway, and across the street from Cohasset Street Elementary School.

Last Agent to Sell the Property

Daron Case

Re/Max Commercial & Investment License #01702754 Listed on: 03/13/2015

Last Buyer's Agent

Mike Pesci

Keller Williams Studio City License #01274379

Keller Williams Studio City

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 6,151 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Interior Spaces

  • 2,228 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 19276
  • Assessor Parcel Number 2209038020

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $773
  • Water Sewer Expense $1,764
  • New Taxes Expense $6,188
  • Gross Income $3,120
  • Net Operating Income $23,159

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

6,151 Sq Ft Lot

Parking

3

Listing Details

  • CapRate: 4.68
  • Property Attached: No
  • Water Sewer Expenses: 1764.00
  • Property Type: Residential Income
  • Parcel Number: 2209038020
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 233.39

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6151.00
  • Lot Size Acres: 0.1410

Multi Family

  • Gross Income: 3120.00
  • Gross Multiplier: 13.22
  • Gross Scheduled Income: 37440.00
  • Insurance Expense: 773.00
  • Lot Size Area: 6151.0000 Square Feet
  • Net Operating Income: 23159.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 12410.00
  • Operating Expense Percent: 33.15
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6188.00
  • Tax Lot: 2
  • Tax Tract Number: 19276

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2015
Closed on
Apr 27, 2015
Sold by
Ayala Juana Angelica
Bought by
Cornejo Pedro Juan
Seller's Agent
Daron Case
Re/Max Commercial & Investment
Buyer's Agent
Mike Pesci
Keller Williams Studio City
List Price
$495,000
Sold Price
$520,000
Premium/Discount to List
$25,000
5.05%
Current Estimated Value
$954,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$434,325
Avg. Annual Appreciation
5.76%
Original Mortgage
$390,000
Outstanding Balance
$300,120
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$655,869

Purchase Details

Listed on
Mar 13, 2015
Closed on
Apr 9, 2015
Sold by
Espinoza Marlon Pablo
Bought by
Cornejo Maria Z
Seller's Agent
Daron Case
Re/Max Commercial & Investment
Buyer's Agent
Mike Pesci
Keller Williams Studio City
List Price
$495,000
Sold Price
$520,000
Premium/Discount to List
$25,000
5.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Outstanding Balance
$300,120
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$655,869

Purchase Details

Listed on
Mar 13, 2015
Closed on
Mar 30, 2015
Sold by
Anotherfinemess Llc
Bought by
Cornejo Maria Zoila and Cornejo Pedro Juan
Seller's Agent
Daron Case
Re/Max Commercial & Investment
Buyer's Agent
Mike Pesci
Keller Williams Studio City
List Price
$495,000
Sold Price
$520,000
Premium/Discount to List
$25,000
5.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Outstanding Balance
$300,120
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$655,869

Purchase Details

Closed on
Feb 4, 2015
Sold by
Tramontin Michael J
Bought by
Anotherfinemess Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Outstanding Balance
$300,120
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$655,869

Purchase Details

Closed on
Jun 10, 2009
Sold by
Tramontin Michael J and Greco Anthony A
Bought by
Tramontin Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2002
Sold by
Tramontin Antoinette M
Bought by
Tramontin Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2002
Sold by
Cokely Margaret L and Estate Of Philip Wayne Stevens
Bought by
Tremontin Michael J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cornejo Pedro Juan -- Old Republic Title Co
Cornejo Maria Z -- Old Republic Title Co
Cornejo Maria Zoila $520,000 Old Republic Title Co
Anotherfinemess Llc -- Old Republic Title Co
Tramontin Michael J -- Security Union Title Ins Co
Tramontin Michael J -- Stewart Title
Greco Anthony A -- Stewart Title
Tremontin Michael J $230,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cornejo Maria Zoila $390,000
Previous Owner Tramontin Michael J $160,000
Previous Owner Greco Anthony A $161,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2015 04/30/15 Sold $520,000 +5.1% $233 / Sq Ft
03/24/2015 03/24/15 Pending -- -- --
02/04/2015 02/04/15 For Sale $495,000 -- $222 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,845 $624,953 $374,973 $249,980
2024 $7,845 $612,700 $367,621 $245,079
2023 $7,700 $600,687 $360,413 $240,274
2022 $7,352 $588,910 $353,347 $235,563
2021 $7,257 $577,364 $346,419 $230,945
2019 $7,047 $560,241 $336,145 $224,096
2018 $6,961 $549,256 $329,554 $219,702
2016 $6,647 $527,930 $316,758 $211,172
2015 $3,724 $282,703 $113,080 $169,623
2014 -- $277,166 $110,865 $166,301
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15025444

California Regional Multiple Listing Service (CRMLS)

APN: 2209-038-020

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