NOT LISTED FOR SALE

Estimated Value: $1,286,000 - $1,664,000

6 Beds
4 Baths
3,912 Sq Ft
$376/Sq Ft Est. Value

Last Sold August 08, 2022

Last sale price $1,275,000 $326 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $9,104/month

Highlights

  • No HOA
  • Park
  • Tile Flooring
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Ceiling Fan

About This Home

As of August 2022

Well maintained 2 story building in the Lake Balboa area. Spacious interiors with approximately 3912 sq. feet of living space. Recent property upgrades include all kitchens and bathrooms newly painted. Two units bathrooms have been renovated. Also, featuring fireplaces in all 4 units, vinyl flooring and or ceramic tile flooring. The apartment building has two different layouts, consist of two 2 bedroom/1 bathroom units and two 1 bedroom/1 bathroom units. New wall heater installed in each unit and hard wired smoke detectors (with city permits), during ownership all the kitchen and front stairs were renovated, installed new handrails, exterior paint done 3 yrs ago, roof was replaced 15 yrs ago with permits. The building amenities include exterior security security cameras, four car enclosed parking garages, Laundry room (owner owned equipment, all machines are coin operated for an extra income) large storage room all units have all all units have a backdoor entrance. Individual water heaters in 3 units and one of the units shares with the laundry room water heater, 4 separated gas meters & 4 electric meters. 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. Listing agents are members of the LLC.

Last Agent to Sell the Property

Vilma Hernandez

WP Real Estate and Home Loans License #01913439 Listed on: 06/13/2022

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $16,125

Year Built

  • Built in 1954

Lot Details

  • 5,999 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wrought Iron Fence
  • Front Yard Sprinklers

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Shingle Roof
  • Copper Plumbing

Interior Spaces

  • 3,912 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Living Room with Fireplace
  • Fire and Smoke Detector
  • Gas Range

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 16
  • Tax Tract Number 12712
  • Assessor Parcel Number 2233023016
  • $485 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,600
  • Fuel Expense $450
  • Gardener Expense $840
  • Insurance Expense $2,597
  • Maintenance Expense $1,350
  • Water Sewer Expense $4,600
  • New Taxes Expense $15,000
  • Operating Expense $25,107
  • Gross Income $71,832
  • Net Operating Income $46,725

Property Details

Home Type

Apartment

Est. Annual Taxes

$16,125

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Inclusions: range on all 4 units and on unit #D the microwave is included too.
  • Other Phone Description: 818-231-3844
  • Price Per Unit: 331250
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Security: Smoke Detector(s)
  • Water Sewer Expenses: 4600.00
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 2233023016
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Full
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Vinyl
  • Appliances: Yes
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Price Per Square Foot: 325.92

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Outside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 5999.00
  • Lot Size Acres: 0.1377

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 4600.00
  • Fuel Expense: 450.00
  • Gross Income: 71832.00
  • Gross Scheduled Income: 71832.00
  • Insurance Expense: 2597.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 800.00
  • Lot Size Area: 5999.0000 Square Feet
  • Maintenance Expense: 1350.00
  • Net Operating Income: 46725.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 25107.00
  • Rent Control: Yes
  • Total Actual Rent: 71832.00
  • Total Expenses: 25107.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Census Tract: 1276.05
  • Tax Lot: 16
  • Tax Tract Number: 12712
  • TaxOtherAnnualAssessmentAmount: 485.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2022
Closed on
Jul 14, 2022
Sold by
Srj Properties Llc
Bought by
16017 Victory Blvd Llc
Seller's Agent
Vilma Hernandez
WP Real Estate and Home Loans
List Price
$1,325,000
Sold Price
$1,275,000
Premium/Discount to List
-$50,000
-3.77%
Current Estimated Value
$1,469,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,475
Avg. Annual Appreciation
4.72%

Purchase Details

Closed on
Dec 4, 2014
Sold by
Hernandez Raul
Bought by
Srj Properties Llc

Purchase Details

Closed on
Apr 19, 2013
Sold by
Hernandez Raul
Bought by
The Raul & Vilma Hernandez Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$597,000
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2005
Sold by
Hernandez Raul
Bought by
Hernandez Raul and Hernandez Vilma

Purchase Details

Closed on
May 3, 2005
Sold by
Navarro Danilo A
Bought by
Hernandez Raul and Hernandez Vilma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,300
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 28, 2003
Sold by
Navarro Danilo A
Bought by
Navarro Danilo A and Navarro Norma A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,500
Interest Rate
5.85%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 17, 2002
Sold by
Navarro Danilo A
Bought by
Navarro Danilo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.69%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 22, 2001
Sold by
Navarro Marilyn V
Bought by
Navarro Danilo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,800
Interest Rate
7.41%

Purchase Details

Closed on
Dec 12, 2000
Sold by
Ordonez Martin
Bought by
Navarro Danilo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,800
Interest Rate
7.41%

Purchase Details

Closed on
Jul 7, 1994
Sold by
Smith Jack D
Bought by
Ordonez Martin and Ordonez Eduviges

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
8.25%
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
16017 Victory Blvd Llc $1,275,000 Pacific Coast Title
Srj Properties Llc -- None Available
The Raul & Vilma Hernandez Living Trust -- Usa National Title Co
Hernandez Raul -- Usa National Title Co
Hernandez Raul -- --
Hernandez Raul $862,000 Fidelity National Title Co
Navarro Danilo A -- --
Navarro Danilo A -- Old Republic Title
Navarro Danilo A -- Investors Title Company
Navarro Danilo A $296,000 Investors Title Company
Ordonez Martin $200,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hernandez Raul $597,000
Previous Owner Hernandez Raul $560,300
Previous Owner Navarro Norma A $319,500
Previous Owner Navarro Danilo A $50,000
Previous Owner Navarro Danilo A $236,800
Previous Owner Ordonez Martin $160,000
Closed Hernandez Raul $129,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2022 08/08/22 Sold $1,275,000 -3.8% $326 / Sq Ft
07/02/2022 07/02/22 Pending -- -- --
06/13/2022 06/13/22 For Sale $1,325,000 -- $339 / 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 $16,125 $1,326,510 $530,604 $795,906
2024 $16,125 $1,300,500 $520,200 $780,300
2023 $15,816 $1,275,000 $510,000 $765,000
2022 $13,335 $1,100,000 $755,000 $345,000
2021 $12,049 $984,000 $674,000 $310,000
2019 $11,577 $945,000 $650,000 $295,000
2018 $11,394 $920,000 $636,000 $284,000
2016 $9,625 $780,000 $540,000 $240,000
2015 $9,006 $728,000 $504,000 $224,000
2014 -- $650,000 $450,000 $200,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22122181

California Regional Multiple Listing Service (CRMLS)

APN: 2233-023-016