NOT LISTED FOR SALE

16007 Victory Blvd van Nuys, CA 91406

Estimated Value: $1,195,264 - $1,603,000

6 Beds
4 Baths
4,036 Sq Ft
$342/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $1,200,000 $297 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $8,478/month

81 Days on Market

Highlights

  • Golf Course Community
  • Property is near park
  • Hiking Trails
  • Community Lake
  • No HOA
  • Park

About This Home

As of May 2022

Make an offer price is flexible! Well maintained 2 story building in the Lake Balboa area. Spacious interiors with approximately 4,036 sq. feet of living space. Recent property upgrades include new exterior paint. Two units have been renovated with newer kitchens including dishwashers, newer bathroom vanities, and new bathtubs with tiled wall enclosures. Also, featuring fireplaces in 2 of the units, carpet and or ceramic tile flooring The apartments consist of two 2 bedroom/1 bathroom units and two 1 bedroom/1 bathroom units. The property was built in 1953 and is set on a 5998 sq. ft. lot per assessor. The building amenities include security gated and fenced building, four car enclosed parking garages, laundry room(owner owned equipment ) and large storage room. Individual water heaters in each unit and separately metered for gas & electricity. The units have varying floor plans and amenities. The property is Located across from the Lake Balboa, Woodley lakes Golf Course, convenient accessibility to101 and 405 freeways, retail amenities, dining options, and nearby recreation & entertainment venues.

Last Agent to Sell the Property

Anie Mayelian

Keller Williams Realty Calabasas License #00778825 Listed on: 03/07/2022

Keller Williams Realty Calabasas

Last Buyer's Agent

Anie Mayelian

Keller Williams Realty Calabasas License #00778825 Listed on: 03/07/2022

Keller Williams Realty Calabasas

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 5,998 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Quadruplex

Interior Spaces

  • 4,036 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near park

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 12712
  • Assessor Parcel Number 2233023014
  • $514 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Community Lake

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Park
  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $208
  • Gardener Expense $600
  • Insurance Expense $1,301
  • Maintenance Expense $2,400
  • Water Sewer Expense $4,441
  • New Taxes Expense $18,438
  • Operating Expense $27,388
  • Gross Income $73,458
  • Net Operating Income $43,866

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: No
  • Water Sewer Expenses: 4441.00
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 2233023014
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 297.32

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Golf, Hiking, Lake, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Park Nearby, Paved
  • Lot Size Sq Ft: 5998.00
  • Lot Size Acres: 0.1377

Multi Family

  • Fuel Expense: 208.00
  • Gross Income: 73458.00
  • Gross Scheduled Income: 73458.00
  • Insurance Expense: 1301.00
  • Laundry Income: 700.00
  • Lot Size Area: 5998.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 43866.42
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 27387.80
  • Rent Control: Yes
  • Total Expenses: 27387.80
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18438.00
  • Tax Census Tract: 1276.05
  • Tax Lot: 14
  • Tax Tract Number: 12712
  • TaxOtherAnnualAssessmentAmount: 514.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2022
Closed on
May 24, 2022
Sold by
Ahm Resicom Llc
Bought by
Cesar Tyler and Pour-Moezzi Gazal
Seller's Agent
Anie Mayelian
Keller Williams Realty Calabasas
Buyer's Agent
Anie Mayelian
Keller Williams Realty Calabasas
List Price
$1,495,000
Sold Price
$1,200,000
Premium/Discount to List
-$295,000
-19.73%
Current Estimated Value
$1,378,566

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,566
Avg. Annual Appreciation
3.91%
Original Mortgage
$900,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2017
Sold by
Firouzbakht Mehrzad
Bought by
Ahm Resicom Llc

Purchase Details

Closed on
Nov 12, 2015
Sold by
Eghbalighahyazi Hamid
Bought by
Firouzbakht Mehrzad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$542,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2015
Sold by
Grand Reve Llc
Bought by
Firouzbakht Mehrzad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$542,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2014
Sold by
Williams Nadyne
Bought by
Grand Reve Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,500
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2013
Sold by
Solo Walter
Bought by
Grand Reve Llc

Purchase Details

Closed on
Jul 19, 2011
Sold by
Solo Walter
Bought by
Solo Walter and Solo Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2007
Sold by
Solo Walter
Bought by
Solo Walter and Solo Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 1999
Sold by
Le Duff Ernest
Bought by
Leduff Ernest L and Leduff Irma L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Cesar Tyler $1,200,000 Lawyers Title
Ahm Resicom Llc -- None Available
Firouzbakht Mehrzad -- Usa National Title Company
Firouzbakht Mehrzad $792,500 Usa National Title Company
Grand Reve Llc -- Accommodation
Williams Nadyne -- Nextitle
Grand Reve Llc $662,000 North American Title Co Inc
Solo Walter -- Advantage Title Company
Solo Walter -- Accommodation
Solo Walter -- North American Title Co
Leduff Ernest L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Cesar Tyler $900,000
Previous Owner Firouzbakht Mehrzad $542,500
Previous Owner Williams Nadyne $75,500
Previous Owner Solo Walter $479,000
Previous Owner Solo Walter $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2022 05/31/22 Sold $1,200,000 -18.6% $297 / Sq Ft
03/11/2022 03/11/22 Price Changed $1,475,000 -1.3% $365 / Sq Ft
03/07/2022 03/07/22 For Sale $1,495,000 -- $370 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $15,237 $1,248,480 $499,392 $749,088
2024 $15,237 $1,224,000 $489,600 $734,400
2023 $15,234 $1,224,000 $489,600 $734,400
2022 $11,043 $900,777 $543,813 $356,964
2021 $10,892 $883,115 $533,150 $349,965
2019 $10,571 $972,774 $582,624 $390,150
2018 $10,446 $840,123 $507,195 $332,928
2016 $9,958 $807,500 $487,500 $320,000
2015 $8,382 $675,226 $371,272 $303,954
2014 $8,431 $662,000 $364,000 $298,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22045082

California Regional Multiple Listing Service (CRMLS)

APN: 2233-023-014