NOT LISTED FOR SALE

15025 Burbank Blvd Van Nuys, CA 91411

Estimated Value: $1,286,000 - $1,487,919

6 Beds
3 Baths
3,324 Sq Ft
$415/Sq Ft Est. Value

Sale Details

Date Sold: June 14, 2019

Last sale price $1,210,000 $364 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $8,905 / mo

5 Days on Market

About This Home

As of June 2019

We are proud to represent this 4-unit apartment building in Sherman Oaks. The property can also be purchased with 15011 Burbank Blvd, which is owned by the same owner.

The building was constructed in 1961. Its unit mix consists of (1) one-bedroom, one-bathroom unit, (2) two-bedroom, one-bathroom units, and (1) three-bedroom, one and three quarters bathroom unit. With a lot size of 6,294 square feet, the property has a total of 3,324 rentable square feet.

The property has been well maintained and features a front unit with a fireplace, copper plumbing, and all units in excellent condition.

The tenants enjoy close proximity to the Sherman Oaks Galleria, Sherman Oaks Fashion Square, Sepulveda Dam Recreation Area, and numerous upscale restaurants and movie theaters on Ventura Blvd. The property is in close proximity to the 405 & 101 freeways, two Orange Line transit stations, and is surrounded by an established residential tree lined neighborhood.


The property is separately metered for gas and electricity.

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 04/10/2019

Equity Union

Last Buyer's Agent

Cindy Hill

Equity Union License #00885625 Listed on: 04/10/2019

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,218 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,324 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 337
  • Tax Tract Number 1000
  • Assessor Parcel Number 2243009024

Community Details

Overview

  • 4 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $3,913
  • Fuel Expense $786
  • Insurance Expense $1,535
  • Trash Expense $2,400
  • New Taxes Expense $14,951
  • Operating Expense $24,785
  • Gross Income $64,621
  • Net Operating Income $39,836

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

6,218 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 2243009024
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 364.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2400.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban, Urban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6218.00
  • Lot Size Acres: 0.1427

Multi Family

  • Electric Expense: 3913.00
  • Fuel Expense: 786.00
  • Gross Income: 64621.00
  • Gross Scheduled Income: 65640.00
  • Insurance Expense: 1535.00
  • Lot Size Area: 6218.0000 Square Feet
  • Net Operating Income: 39836.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 24785.00
  • Rent Control: Yes
  • Total Expenses: 24785.00

Tax Info

  • New Taxes Expense: 14951.00
  • Tax Census Tract: 1284.00
  • Tax Lot: 337
  • Tax Tract Number: 1000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2022
Sold by
Boyadjian Kevork and Boyadjian Talar
Bought by
Kats Properties Llc
Current Estimated Value
$1,377,980

Purchase Details

Closed on
Oct 14, 2021
Sold by
Jai Lp
Bought by
Boyadjian Kevork and Boyadjian Talar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$993,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 10, 2019
Closed on
Jul 22, 2019
Sold by
Hartunian Gary A
Bought by
Jai Lp
Seller's Agent
Cindy Hill
Equity Union
Buyer's Agent
Cindy Hill
Equity Union
List Price
$1,250,000
Sold Price
$1,210,000
Premium/Discount to List
-$40,000
-3.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.90%

Purchase Details

Listed on
Apr 10, 2019
Closed on
Jul 16, 2019
Sold by
Hartunian Amy
Bought by
Hartunian Gary A
Seller's Agent
Cindy Hill
Equity Union
Buyer's Agent
Cindy Hill
Equity Union
List Price
$1,250,000
Sold Price
$1,210,000
Premium/Discount to List
-$40,000
-3.2%

Purchase Details

Listed on
Apr 10, 2019
Closed on
Apr 24, 2019
Sold by
Connor Ann M O and Connor Jeannette M O
Bought by
Hartunian Gary A
Seller's Agent
Cindy Hill
Equity Union
Buyer's Agent
Cindy Hill
Equity Union
List Price
$1,250,000
Sold Price
$1,210,000
Premium/Discount to List
-$40,000
-3.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$808,500
Interest Rate
3.26%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 10, 2010
Sold by
Oconnor Ann M
Bought by
Oconnor Ann M and Oconnor Jeannette M

Purchase Details

Closed on
Jun 12, 2009
Sold by
15025 Properties Llc
Bought by
Oconnor Ann M and Oconnor Jeannette M

Purchase Details

Closed on
Apr 22, 2005
Sold by
Oconnor Francis
Bought by
15025 Properties Llc

Purchase Details

Closed on
Apr 11, 2000
Sold by
Oconnor Francis
Bought by
Francis & Mary Oconnor Family 2000 Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Kats Properties Llc -- Accommodation/Courtesy Recordi
Boyadjian Kevork $1,325,000 Chicago Title
Jai Lp -- Lawyers Title Company
Hartunian Gary A -- Lawyers Title Company
Hartunian Gary A $1,155,000 Lawyers Title Company
Oconnor Ann M -- California Title Company
Oconnor Ann M -- California Title Company
Oconnor Ann M -- California Title Company
15025 Properties Llc -- --
Francis & Mary Oconnor Family 2000 Trust -- --
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
Previous Owner Boyadjian Kevork $993,750
Previous Owner Hartunian Gary A $808,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2019 06/14/19 Sold $1,210,000 -3.2% $364 / Sq Ft
04/15/2019 04/15/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $1,250,000 -- $376 / 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 $17,371 $1,406,100 $562,440 $843,660
2024 $17,156 $1,378,530 $551,412 $827,118
2023 $16,828 $1,351,500 $540,600 $810,900
2022 $16,053 $1,325,000 $530,000 $795,000
2021 $14,299 $1,166,965 $757,770 $409,195
2020 $14,442 $1,155,000 $750,000 $405,000
2019 $3,976 $289,198 $113,958 $175,240
2018 $3,874 $283,528 $111,724 $171,804
2016 $3,678 $272,521 $107,387 $165,134
2015 $3,630 $268,428 $105,774 $162,654
2014 $3,667 $263,171 $103,703 $159,468
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19081195

California Regional Multiple Listing Service (CRMLS)

APN: 2243-009-024

Your Personal Tour Guide

Ask me questions while you tour the home.