16021 Olympiad Ln Unit 1 Van Nuys, CA 91406
Estimated payment $3,667/month
Highlights
- No HOA
- Forced Air Heating and Cooling System
- 4 Car Garage
- Laundry Room
About This Home
Auction - Fully-leased duplex with long term tenants. Unit 1 is 3BR/2.5BA and Unit 2 is 2BR/1.5BA. There is a 4-car attached garage and the units are separately metered with tenants paying electricity/gas. The property was built in 1987 and is 2,320sf on a 6,986sf lot. Located in a desirable area of Van Nuys near Vanowen and Woodley, west of the 405 Fwy. Below-market rents offer potential upside for this property.
Listing Agent
Tranzon Asset Strategies Brokerage Phone: 714-746-6582 License #01406706 Listed on: 10/06/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,884
Year Built
- Built in 1987
Lot Details
- 6,986 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- Parking Available
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 2,320 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Connected
Listing and Financial Details
- Tax Lot C
- Assessor Parcel Number 2233020040
- $382 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- Water Sewer Expense $4,556
- New Taxes Expense $265
- Operating Expense $4,820
- Gross Income $58,800
- Net Operating Income $53,980
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,884 | $382,744 | $135,974 | $246,770 |
| 2024 | $4,884 | $375,240 | $133,308 | $241,932 |
| 2023 | $4,794 | $367,884 | $130,695 | $237,189 |
| 2022 | $4,579 | $360,672 | $128,133 | $232,539 |
| 2021 | $4,513 | $353,601 | $125,621 | $227,980 |
| 2019 | $4,383 | $343,115 | $121,896 | $221,219 |
| 2018 | $4,259 | $336,388 | $119,506 | $216,882 |
| 2016 | $4,050 | $323,327 | $114,866 | $208,461 |
| 2015 | $3,993 | $318,471 | $113,141 | $205,330 |
| 2014 | $4,018 | $312,233 | $110,925 | $201,308 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/06/2025 10/06/25 | For Sale | $615,000 | -- | $265 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Individual Deed | -- | Orange Coast Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $196,700 | Stand Alone First |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25233810
APN: 2233-020-040
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