$1,280,000
$120K PRICE DROP

16037 Gault St Van Nuys, CA 91406

Estimated payment $7,453/month

Total Views 6,721
10 Beds
5 Baths
3,671 Sq Ft
$349 Price per Sq Ft

About This Home

Reduced, Motivated seller, Looking for reasonable offers. 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: 348.68

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
  • Latitude Manual: 34.19941500

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,551 $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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/22/2026 05/22/26 Price Changed $1,280,000 -3.0% $349 / Sq Ft
05/14/2026 05/14/26 Price Changed $1,320,000 -2.9% $360 / 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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