$1,360,000
$40K PRICE DROP

16037 Gault St Van Nuys, CA 91406

Estimated payment $7,746/month

Total Views 5,366
10 Beds
5 Baths
3,671 Sq Ft
$370 Price per Sq Ft

About This Home

Great opportunity to purchase a great apartment building with over 10,500 square feet lot and 5 attached garages for ADU and or expansions to the property. Units have separate gas and electric meters and washer dryer hookups in each unit. 5 cars attached garage plus over 10 more surface parking's. Easy to maintain and always fully occupied.

Listing Agent

Sal Rassibi

Re/Max Luxe Brokerage Phone: 818-730-1213 License #01199409 Listed on: 01/13/2026

Re/Max Luxe

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 10,528 Sq Ft Lot
  • Two or More Common Walls
  • Irregular Lot

Parking

  • 5 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 3,671 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Gas And Electric Dryer Hookup

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 1000
  • Assessor Parcel Number 2224004044
  • $15,750 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,500
  • Insurance Expense $4,500
  • Trash Expense $4,500
  • Water Sewer Expense $4,200
  • Operating Expense $16,500
  • Gross Income $79,488
  • Net Operating Income $79,488

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

10,528 Sq Ft Lot

Parking

5

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4200.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 2224004044
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 370.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen, Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 4500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Irregular Lot, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10528.00
  • Lot Size Acres: 0.2417

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Electric Expense: 2500.00
  • Gross Income: 79488.00
  • Gross Scheduled Income: 959888.00
  • Insurance Expense: 4500.00
  • Lot Size Area: 10528.0000 Square Feet
  • Net Operating Income: 79488.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 16500.00
  • Rent Control: Yes
  • Total Expenses: 16500.00

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 1000
  • TaxOtherAnnualAssessmentAmount: 15750.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $6,429 $452,032 $210,949 $241,083
2024 $6,429 $443,169 $206,813 $236,356
2023 $6,323 $434,480 $202,758 $231,722
2022 $6,068 $425,962 $198,783 $227,179
2021 $5,984 $417,611 $194,886 $222,725
2019 $5,829 $407,226 $189,106 $218,120
2018 $5,601 $399,282 $185,399 $213,883
2016 $5,296 $381,856 $178,200 $203,656
2015 $5,229 $376,121 $175,524 $200,597
2014 $5,279 $368,754 $172,086 $196,668
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/02/2026 03/02/26 Price Changed $1,360,000 -2.9% $370 / Sq Ft
01/13/2026 01/13/26 For Sale $1,400,000 -- $381 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR26008377

California Regional Multiple Listing Service (CRMLS)
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