NOT LISTED FOR SALE

15143 Erwin St Van Nuys, CA 91411

22 Beds
12 Baths
8,320 Sq Ft
0.31 Acres

Last Sold July 12, 2022

Last sale price $3,250,000 $391 Per Sq Ft

25 Days on Market

About This Home

As of July 2022

An opportunity to acquire a twelve (12) unit apartment building (two 6 unit buildings each with their own APN) located in the dense rental submarket of Van Nuys. Resting on a double lot with approx. 13,499 +/- square feet, the Property features a highly desirable unit mix of two (2) 1 bed 1 bath units and ten (10) 2 bed and 1 bath units. The Property on-site parking and on-site coin operated laundry. This opportunity also offers an investor 22% +/- of rental upside, and potential to add ADU's to the property. Eight units have laminate flooring, and one unit (15143 # 6) has remodeled kitchen and bathroom. The one bedroom units' utilities are attached to the laundry room, so the landlord pays for all utilities for these 2 units. The property is currently zoned (Q)R3-1-RIO with a TOC Tier 3 incentive. This provides an investor with an opportunity to potentially redevelop the lot in the future. A developer can building 16 units by right, or 24 units with the TOC Tier 3 incentive. Buyer to independently verify.

Last Agent to Sell the Property

Andy Kawatra

Andy Anubhav Kawatra License #01881930 Listed on: 04/13/2022

Last Buyer's Agent

Kelly Morgan

Houze Real Estate Management License #01898026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 13,499 Sq Ft Lot

Home Design

  • 8,320 Sq Ft Home

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 12 Bathrooms

Parking

  • 12 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 12 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 2242-013-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 8320
  • Lot Acreage: 0.1549
  • Year Built: 1958
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 22
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 390.63

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 12

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 72.01
  • Assessed Improvement Value: 195843
  • Assessed Land Percent: 27.99
  • Assessed Land Value: 76142
  • Total Assessed Value: 271985
  • Assessor Parcel Number: 2242-013-006
  • Lot Size Area: 13499

Rental Info

  • Owner Pays: Water

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.49
  • Number Of Units: 12
  • Type Of Units: Apartment
  • Vacancy Allow Percent: 3.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2022 07/12/22 Sold $3,250,000 0.0% $391 / Sq Ft
05/08/2022 05/08/22 Pending -- -- --
04/13/2022 04/13/22 For Sale $3,250,000 -- $391 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Andy Kawatra

    Seller's Agent in 2022

    Andy Kawatra

    Andy Anubhav Kawatra

    (818) 456-7846

    2 in this area

    19 Total Sales

    Andy Kawatra
    Section Image
  • Kelly Morgan

    Buyer's Agent in 2022

    Kelly Morgan

    Houze Real Estate Management

    (310) 836-3638

    2 in this area

    31 Total Sales

    Kelly Morgan
    Section Image
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Map

Source: The MLS

MLS Number: 22-146213

The MLS
California Los Angeles County Van Nuys 91411

15143 Erwin St, Van Nuys, CA

Not Listed for Sale

MultiFamily

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