NOT LISTED FOR SALE
4 Beds
7 Baths
16,240 Sq Ft
0.56 Acres

Last Sold March 14, 2014

Last sale price $3,500,000 $216 Per Sq Ft

112 Days on Market

Highlights

  • Gated Parking
  • Van Nuys High School Rated A
  • 24,522 Sq Ft lot

About This Home

As of March 2014

this 31 unit building is conveniently located near local freeways, schools, the van nuys airport and woodley lakes and balboa golf courses. the complex consists of one non-conforming 1 bed/1 bath detached townhome, two 2 bed/2 bathroom units, twenty-nine 1 bed/1 bath junior units (one non-conforming) and one single unit. all units are well maintained and occupied with upside in current rents. on-site parking and laundry is available for residents.the owner has paid for the first of three phases to convert non-conforming units and will transfer the contract to the new investor with no delay in the escrow process.

Last Agent to Sell the Property

Jason Flashman

Keller Williams Encino/Sherman Oaks License #01841976 Listed on: 11/18/2013

Keller Williams Encino/Sherman Oaks

Last Buyer's Agent

Jason Flashman

Keller Williams-Santa Monica License #01841976

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 0.56 Acre Lot

Interior Spaces

  • 16,240 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 7 Bathrooms

Parking

  • 36 Parking Spaces
  • Gated Parking

Community Details

  • 31 Units

Listing and Financial Details

  • Assessor Parcel Number 2234-024-042

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 16240
  • Manager Expense: 18720.00
  • Stories: 2
  • Year Built: 1975
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 7.00
  • Den: 0
  • Price Per S Q F T: 215.52

Exterior Features

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

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 36

Fee Information

  • Insurance Expense: 8184.00
  • Maintenance Expense: 12824.00
  • Management Expense: 14283.00
  • Other Expense: 36599.00
  • Trash Expense: 2000.00

Lot Info

  • Assessed Improvement Value: 1220000
  • Assessed Land Value: 1830000
  • Assessor Parcel Number: 2234-024-042
  • Geocode Override: No
  • Lot Size Area: 24522

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 9.80
  • Number Of Units: 31
  • Total Annual Expense: 138986
  • Type Of Units: Multifamily
  • Vacancy Rate: 5.0

Tax Info

  • Tax Expense: 43750.00

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
03/14/2014 03/14/14 Sold $3,500,000 -1.4% $216 / Sq Ft
03/10/2014 03/10/14 Pending -- -- --
11/18/2013 11/18/13 For Sale $3,550,000 -- $219 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-720075

The MLS