NOT LISTED FOR SALE

Estimated Value: $1,228,000 - $1,538,934

6 Beds
5 Baths
3,169 Sq Ft
$448/Sq Ft Est. Value

Last Sold May 11, 2018

Last sale price $841,900 $266 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $8,723/month

77 Days on Market

Highlights

  • Private Pool
  • Open Floorplan
  • Wood Flooring
  • Mayall Street Elementary School Rated A-
  • Fireplace in Primary Bedroom
  • Granite Countertops

About This Home

As of May 2018

Fantastic opportunity with two homes on a large lot in prime location Granada Hills. These homes are private and offer two separate entrances. First home is two bedrooms and two baths. This home has the entrance on Devonshire St. Second home is four bedrooms and two and half baths with a private pool and large driveway with entrance on Tuba St. Built in 1926 with approx. 3,169 building sq. ft. situated on approx. 15,208 sq. ft. lot there is nothing like it on the market. There are plentiful fruit trees on both properties from orange, lemons, grapefruit and fig trees. One home is leased on a month to month basis at $3,050 with the other half way through a 12 month lease at $2,050 per month. Both are separately metered for gas and electric. Copper plumbing, 4 yr. old water heater, central air, hardwood floors, recessed lighting and in unit washer/dryer hookups – per owner. This property offers rental upside potential, value add and stable income for any investor. It also can be perfect for owner/user as both homes are private. Current rents in place are strong with great upsides.

Last Agent to Sell the Property

Jordan Davies

Keller Williams Realty Calabasas License #01914332 Listed on: 12/18/2017

Keller Williams Realty Calabasas

Last Buyer's Agent

Inqlabi Singh

Inqlabi Singh License #01363331

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,883

Year Built

  • Built in 1926 | Remodeled

Lot Details

  • 0.35 Acre Lot
  • No Common Walls
  • Private Yard
  • Back Yard

Home Design

  • Copper Plumbing

Interior Spaces

  • 3,169 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace

Kitchen

  • Granite Countertops
  • Fireplace in Kitchen

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • 5 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Parking

  • 10 Parking Spaces
  • 2 Attached Carport Spaces
  • Parking Available

Outdoor Features

  • Private Pool
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, grounds care
  • Tax Lot 74
  • Tax Tract Number 17068
  • Assessor Parcel Number 2678003014

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $1,300
  • Pool Expense $500
  • New Taxes Expense $9,050
  • Operating Expense $10,850
  • Gross Income $61,200
  • Net Operating Income $51,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,883

Year Built

Built in 1926 | Remodeled

Lot Details

0

Listing Details

  • CapRate: 5.60
  • Property Attached: No
  • Zoning: LARS
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 2678003014
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Full, Granite Counters, Open Floorplan, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood
  • Fireplace Features: Bath, Dining Room, Family Room, Kitchen, Living Room, Master Bedroom
  • Price Per Square Foot: 265.67
  • Room Type: All Bedrooms Down, Living Room, Main Floor Bedroom, Master Bathroom

Exterior Features

  • Pool Expense: 500.00
  • Pool Features: Private
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lot 10000-19999 Sqft, Yard
  • Lot Size Sq Ft: 15209.00

Rental Info

  • Tenant Pays: Electricity, Grounds Care

Multi Family

  • Gross Income: 61200.00
  • Gross Scheduled Income: 61200.00
  • Insurance Expense: 1300.00
  • Net Operating Income: 51250.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 10850.00
  • Rent Control: Yes
  • Total Expenses: 10850.00

Tax Info

  • New Taxes Expense: 9050.00
  • Tax Census Tract: 1098.00
  • Tax Lot: 74
  • Tax Tract Number: 17068

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 18, 2024
Sold by
Maddh Navjeet Singh and Kamal Kaur
Bought by
Maddh Family Revocable Trust and Maddh
Current Estimated Value
$1,419,234

Purchase Details

Closed on
Dec 4, 2017
Sold by
Khan Sirajuddin and Khan Zaheeda
Bought by
Maddh Navjeet Singh and Maddh Kamal Kaur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$631,425
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2010
Sold by
Sood Ravinder S and Sood Sapna
Bought by
Khan Sirajuddin and Khan Zaheeda

Purchase Details

Closed on
Dec 6, 2007
Sold by
Bank Of New York
Bought by
Sood Ravinder S and Sood Sapna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2007
Sold by
Ostrovsky Angela
Bought by
Bank Of New York and Cwalt Inc Alternative Loan Trust 2007-3T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 2007
Sold by
Matthews Michael
Bought by
Ostrovsky Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,000
Interest Rate
6.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2006
Sold by
Fiske Alan W
Bought by
Matthews Michael

Purchase Details

Closed on
Jun 15, 2006
Sold by
Matthews Michael
Bought by
Matthews Michael and Fiske Alan W

Purchase Details

Closed on
Dec 2, 2005
Sold by
Matthews Michael and Matthews Lynn Wright
Bought by
Matthews Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,000
Interest Rate
6.28%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 13, 2005
Sold by
Matthews Michael
Bought by
Matthews Michael and Matthews Lynn Wright

Purchase Details

Closed on
Jun 30, 2005
Sold by
Matthews Lynn Wright
Bought by
Matthews Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
5.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2003
Sold by
Suran Martin E
Bought by
Matthews Michael and Matthews Lynn Wright

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 26, 2001
Sold by
Isaac Maurice and Isaac Valentine
Bought by
Suran Martin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
6%

Purchase Details

Closed on
Oct 25, 2000
Sold by
Isaac Maurice and Isaac Valentine
Bought by
Isaac Maurice and Isaac Valentine
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Maddh Family Revocable Trust -- None Listed On Document
Maddh Navjeet Singh $842,000 Chicago Title Company
Khan Sirajuddin -- None Available
Sood Ravinder S $456,000 Landsafe Title
Bank Of New York $524,250 Landsafe Title
Ostrovsky Angela $765,000 None Available
Matthews Michael -- Accommodation
Matthews Michael -- Accommodation
Matthews Michael -- Gateway Title Company
Matthews Michael -- --
Matthews Michael -- Fidelity National Title Co
Matthews Michael $435,000 Fidelity
Suran Martin E $290,000 Old Republic Title Company
Isaac Maurice -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maddh Navjeet Singh $558,500
Previous Owner Maddh Navjeet Singh $587,500
Previous Owner Maddh Navjeet Singh $596,000
Previous Owner Maddh Navjeet Singh $631,425
Previous Owner Sood Ravinder S $300,000
Previous Owner Ostrovsky Angela $612,000
Previous Owner Ostrovsky Angela $153,000
Previous Owner Matthews Michael $69,000
Previous Owner Matthews Michael $552,000
Previous Owner Matthews Michael $428,000
Previous Owner Matthews Michael $435,000
Previous Owner Suran Martin E $232,000
Previous Owner Isaac Maurice $164,500
Closed Matthews Michael $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2018 05/11/18 Sold $841,900 -6.5% $266 / Sq Ft
03/05/2018 03/05/18 Pending -- -- --
12/18/2017 12/18/17 For Sale $899,990 -- $284 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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 $11,883 $957,932 $529,088 $428,844
2024 $11,883 $939,150 $518,714 $420,436
2023 $11,660 $920,737 $508,544 $412,193
2022 $11,130 $902,684 $498,573 $404,111
2021 $10,985 $884,986 $488,798 $396,188
2020 $11,092 $875,912 $483,786 $392,126
2019 $10,664 $858,738 $474,300 $384,438
2018 $8,277 $662,250 $370,914 $291,336
2016 $7,891 $636,536 $356,512 $280,024
2015 $7,778 $626,975 $351,157 $275,818
2014 $7,816 $614,695 $344,279 $270,416
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17276466

California Regional Multiple Listing Service (CRMLS)

APN: 2678-003-014