NOT LISTED FOR SALE

16050 Hart St Lake Balboa, CA 91406

Van Nuys Neighborhood
2 Beds
2 Baths
7,007 Sq Ft
10,862 Sq Ft Lot

Last Sold October 26, 2018

Last sale price $2,243,000 $320 Per Sq Ft

About This Home

As of October 2018

This Non-Rent Control property is located in the heart of the Lake Balboa area. Built in 1992 it has low maintenance cost with copper plumbing. The building is comprised of 7 two bedroom and two bath townhouse style units. The property has subterranean tandem parking, newly renovated units and in unit washer and dryer and more.

Last Agent to Sell the Property

James Antonucci

Keller Williams Realty-Studio City License #01822661 Listed on: 06/07/2018

Keller Williams Realty-Studio City

Last Buyer's Agent

James Antonucci

Keller Williams Realty-Studio City License #01822661 Listed on: 06/07/2018

Keller Williams Realty-Studio City

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1992

Lot Details

  • 10,862 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 14 Car Garage
  • Subterranean Parking
  • Parking Available

Home Design

  • 7,007 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 6148
  • Assessor Parcel Number 2224026002

Community Details

Overview

  • 7 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Electric Expense $2,940
  • Fuel Expense $2,940
  • Insurance Expense $2,452
  • Professional Management Expense $3,023
  • Trash Expense $1,260
  • Water Sewer Expense $2,940
  • New Taxes Expense $27,500
  • Operating Expense $52,397
  • Gross Income $155,820
  • Net Operating Income $98,748

Property Details

Home Type

Multi-Family

Year Built

Built in 1992

Lot Details

0

Parking

14

Listing Details

  • Price Per Unit: 314286
  • Professional Management Expense: 3023.00
  • Property Attached: Yes
  • Subdivision Name Other: Lake Balboa
  • Water Sewer Expenses: 2940.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 2224026002
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 320.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 14.00
  • Parking: Yes
  • Parking Features: Subterranean
  • Total Parking Spaces: 14.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1260.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 10862.00

Multi Family

  • Electric Expense: 2940.00
  • Fuel Expense: 2940.00
  • Gross Income: 155820.00
  • Gross Operating Income: 151145.00
  • Gross Scheduled Income: 155820.00
  • Insurance Expense: 2452.00
  • Net Operating Income: 98748.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Total: 7
  • Number With Range: 7
  • Operating Expense: 52397.00
  • Rent Control: No
  • Total Expenses: 52397.00
  • Vacancy Allowance: 4675
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 27500.00
  • Tax Census Tract: 1276.03
  • Tax Lot: 1
  • Tax Tract Number: 6148

Range of Values:

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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 Change Sq Ft Price
10/26/2018 10/26/18 Sold $2,243,000 +2.0% $320 / Sq Ft
07/12/2018 07/12/18 Pending -- -- --
06/07/2018 06/07/18 For Sale $2,200,000 -- $314 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • James Antonucci

    Seller's Agent in 2018

    James Antonucci

    Keller Williams Realty-Studio City

    (818) 432-1647

    10 in this area

    73 Total Sales

    James Antonucci
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18135448

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Lake Balboa 91406 Van Nuys

16050 Hart St, Lake Balboa, CA

This home is located at 16050 Hart St, Lake Balboa, CA 91406 since 07 June 2018. This property was built in 1992. 16050 Hart St is a home located in Los Angeles County with nearby schools including Bassett Street Elementary, William Mulholland Middle, and Birmingham Community Charter High.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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