NOT LISTED FOR SALE

16153 Vanowen St van Nuys, CA 91406

7 Beds
6 Baths
15,246 Sq Ft
18,687 Sq Ft Lot

Sale Details

Date Sold: January 15, 2016

Last sale price $2,760,000 $181 Per Sq Ft

34 Days on Market

Highlights

  • In Ground Pool
  • 0.43 Acre Lot
  • Corner Lot

About This Home

As of January 2016

This is a 16 unit apartment building located in the city of Van Nuys, CA. Built in 1962 the subject property consists of two buildings and a unit-mix of (6) two bedroom/ one bathroom, (4) two bedroom/ two bathroom and (6) one bedroom/one bathroom. All units are separately metered for gas and electricity. The property offers it's tenants with a well maintained swimming pool, two on-site laundry- rooms, nice landscaping and 21 parking spaces.

Located on Vanowen Street, this subject property is situated in a quiet section of the neighborhood, yet adjacent to major arterial thoroughfares. This position attributes to the property's high visibility and demand. The surrounding neighborhoods are primarily comprised of single-family residences, other multi-family residences, as well as numerous industrial parks and small shopping plazas.

Last Agent to Sell the Property

Reza Ghobadi

Reza Ghobadi License #01780045 Listed on: 10/02/2015

Last Buyer's Agent

Reza Ghobadi

Reza Ghobadi License #01780045 Listed on: 10/02/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 18,707 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 16 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 15,246 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Additional Features

  • In Ground Pool
  • Urban Location

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 127603
  • Assessor Parcel Number 2224025032

Community Details

Overview

  • 2 Buildings
  • 16 Units

Building Details

  • Rent Control
  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • Electric Expense $6,500
  • Gardener Expense $960
  • Insurance Expense $5,250
  • Maintenance Expense $8,000
  • Pool Expense $960
  • Professional Management Expense $11,800
  • Trash Expense $2,450
  • Water Sewer Expense $10,000
  • New Taxes Expense $37,500
  • Gross Income $17,692
  • Net Operating Income $117,092

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0.43 Acres

Listing Details

  • CapRate: 3.90
  • Professional Management Expense: 11800.00
  • Property Attached: Yes
  • Water Sewer Expenses: 10000.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 2224025032
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 181.03

Exterior Features

  • Pool Expense: 960.00
  • Pool Features: In Ground
  • Pool Private: Yes

Garage/Parking

  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 2450.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 18707.00
  • Price Per Lot Square Foot: 147.54
  • Lot Size Acres: 0.4290

Multi Family

  • Electric Expense: 6500.00
  • Gross Income: 17692.00
  • Gross Multiplier: 14.60
  • Gross Scheduled Income: 212388.00
  • Insurance Expense: 5250.00
  • Lot Size Area: 18707.0000 Square Feet
  • Maintenance Expense: 8000.00
  • Net Operating Income: 117092.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Units Total: 16
  • Operating Expense: 88920.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 37500.00
  • Tax Lot: 6
  • Tax Tract Number: 127603
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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
01/15/2016 01/15/16 Sold $2,760,000 -8.0% $181 / Sq Ft
11/05/2015 11/05/15 Pending -- -- --
10/02/2015 10/02/15 For Sale $3,000,000 -- $197 / 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 $41,157 $3,267,275 $828,655 $2,438,620
2024 $41,157 $3,203,211 $812,407 $2,390,804
2023 $40,394 $3,140,404 $796,478 $2,343,926
2022 $38,590 $3,078,828 $780,861 $2,297,967
2021 $38,064 $3,018,459 $765,550 $2,252,909
2019 $36,969 $2,935,833 $742,845 $2,192,988
2018 $36,536 $2,878,404 $728,280 $2,150,124
2016 $20,065 $1,525,985 $378,790 $1,147,195
2015 $19,795 $1,503,065 $373,101 $1,129,964
2014 $19,959 $1,473,623 $365,793 $1,107,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15217243

California Regional Multiple Listing Service (CRMLS)
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