NOT LISTED FOR SALE

16023 Cantlay St van Nuys, CA 91406

9 Beds
8 Baths
5,204 Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: January 17, 2018

Last sale price $1,110,000 $213 Per Sq Ft

3 Days on Market

About This Home

As of January 2018

Great cash flow 7 Unit property in Van Nuys /Lake Balboa area.

Last Agent to Sell the Property

Martha Carrasco

Pinnacle Estate Properties License #01734066 Listed on: 11/17/2017

Pinnacle Estate Properties

Last Buyer's Agent

Martha Carrasco

Pinnacle Estate Properties License #01734066 Listed on: 11/17/2017

Pinnacle Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,000 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 5,204 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 7 Parking Spaces
  • 7 Carport Spaces
  • Parking Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 8094
  • Assessor Parcel Number 2206034018

Community Details

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Insurance Expense $2,637
  • Other Expense $2,522
  • Pest Control $588
  • Trash Expense $1,737
  • Water Sewer Expense $4,644
  • New Taxes Expense $10,169
  • Operating Expense $26,941
  • Gross Income $84,096
  • Net Operating Income $57,155

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

6,000 Sq Ft Lot

Listing Details

  • CapRate: 4.97
  • Property Attached: No
  • Water Sewer Expenses: 4644.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 2206034018
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 213.30

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 7.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 588.00
  • Sewer: Public Sewer
  • Trash Expense: 1737.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6000.00

Multi Family

  • Gross Income: 84096.00
  • Gross Scheduled Income: 84096.00
  • Insurance Expense: 2637.00
  • Laundry Equipment Own Lease: Lease
  • Net Operating Income: 57155.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 26941.00
  • Other Expense: 2522.00
  • Other Expense Description: Repair
  • Rent Control: No
  • Total Actual Rent: 7008.27
  • Total Expenses: 26941.00

Tax Info

  • New Taxes Expense: 10169.00
  • Tax Census Tract: 1274.00
  • Tax Lot: 18
  • Tax Tract Number: 8094
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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 List to Sale Price per Sq Ft
01/17/2018 01/17/18 Sold $1,110,000 -3.5% $213 / Sq Ft
11/20/2017 11/20/17 Pending -- -- --
11/17/2017 11/17/17 For Sale $1,150,000 -- $221 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $15,837 $1,258,866 $519,566 $739,300
2024 $15,837 $1,234,183 $509,379 $724,804
2023 $15,543 $1,209,985 $499,392 $710,593
2022 $14,847 $1,186,260 $489,600 $696,660
2021 $14,694 $1,166,807 $467,774 $699,033
2020 $14,834 $1,154,844 $462,978 $691,866
2019 $14,270 $1,132,200 $453,900 $678,300
2018 $10,430 $799,712 $327,381 $472,331
2016 $9,899 $768,660 $314,669 $453,991
2015 $9,763 $757,115 $309,943 $447,172
2014 $9,835 $742,285 $303,872 $438,413
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17260303

California Regional Multiple Listing Service (CRMLS)
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