NOT LISTED FOR SALE

15143 Erwin St Van Nuys, CA 91411

22 Beds
12 Baths
8,320 Sq Ft
0.31 Acres Lot

Sale Details

Date 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

0.31 Acres

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

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 $21,179 $1,690,650 $676,260 $1,014,390
2024 $20,917 $1,657,500 $663,000 $994,500
2023 $20,522 $1,625,000 $650,000 $975,000
2022 $4,257 $277,423 $77,664 $199,759
2021 $4,188 $271,985 $76,142 $195,843
2019 $4,086 $263,920 $73,885 $190,035
2018 $3,952 $258,746 $72,437 $186,309
2016 $3,709 $248,700 $69,625 $179,075
2015 $3,665 $244,966 $68,580 $176,386
2014 -- $240,168 $67,237 $172,931
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-146213

The MLS
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