NOT LISTED FOR SALE

16433 Victory Blvd van Nuys, CA 91406

Van Nuys Area

Estimated Value: $1,359,000 - $2,196,850

3 Beds
2 Baths
4,300 Sq Ft
$435/Sq Ft Est. Value

Sale Details

Date Sold: September 16, 2014

Last sale price $1,175,000 $273 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $11,527 / mo

108 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Forced Air Heating and Cooling System
  • Park or Greenbelt View
  • Tile Flooring

About This Home

As of September 2014

An amazing opportunity for possible owner user or to own a brand new 4plex in Lake Balboa! It consists of one 3 bedrooms and 2 baths and another 3 bedrooms and 2.5 baths handicap unit townhouse style (all bedrooms upstairs) and two units of 2 bedrooms and 2 baths. Each unit has its own laundry area inside the unit. No rent control, high cap rate of 5.43!!! Walking distance to Lake Balboa Park and golf course, adjacent to Encino, close to public transportations. Drive by only!!!

Last Agent to Sell the Property

Lily Galadzhyan

New Wave Realty Group License #01244046 Listed on: 05/16/2014

New Wave Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2014

Lot Details

  • 6,365 Sq Ft Lot
  • 1 Common Wall
  • Front and Side Yard Sprinklers

Parking

  • 9 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 4,300 Sq Ft Home
  • 2-Story Property
  • Park or Greenbelt Views
  • Laundry in unit

Kitchen

  • Free-Standing Range
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 5
  • Tax Tract Number 17145
  • Assessor Parcel Number 2231005026

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Cable TV Expense $840
  • Electric Expense $1,200
  • Gardener Expense $960
  • Insurance Expense $1,659
  • Water Sewer Expense $3,000
  • New Taxes Expense $15,940
  • Gross Income $7,700
  • Net Operating Income $69,321

Property Details

Home Type

Multi-Family

Year Built

Built in 2014

Lot Details

6,365 Sq Ft Lot

Parking

9

Listing Details

  • CapRate: 5.43
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 3000.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 2231005026
  • Year Built: 2014
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 273.26
  • Room Type: Master Bedroom

Exterior Features

  • View: Park/Greenbelt
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 9.00
  • Parking: Yes
  • Parking Features: Assigned, Covered
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Lot 6500-9999, Sprinklers In Front, Sprinklers On Side, Walkstreet
  • Lot Size Sq Ft: 6365.00
  • Lot Size Acres: 0.1460

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 900
  • Average3 Bed Area: 1300
  • Cable TV Expense: 840.00
  • Electric Expense: 1200.00
  • Gross Income: 7700.00
  • Gross Scheduled Income: 93600.00
  • Insurance Expense: 1659.00
  • Lot Size Area: 6365.0000 Square Feet
  • Net Operating Income: 69321.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 24279.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 15940.00
  • Tax Lot: 5
  • Tax Tract Number: 17145
  • Tax Year: 2013

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2015
Sold by
Bought by
Current Estimated Value
$1,868,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Interest Rate
0.038%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 16, 2014
Closed on
Aug 19, 2014
Sold by
Bought by
Seller's Agent
Lily Galadzhyan
New Wave Realty Group
List Price
$1,275,000
Sold Price
$1,175,000
Premium/Discount to List
-$100,000
-7.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.00%
Original Mortgage
$763,750
Interest Rate
0.0409%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2013
Sold by
Bought by

Purchase Details

Closed on
Jun 12, 2012
Sold by
Bought by

Purchase Details

Closed on
Apr 18, 2012
Sold by
Bought by

Purchase Details

Closed on
Jul 6, 2011
Sold by
Bought by

Purchase Details

Closed on
Feb 14, 2011
Sold by
Bought by

Purchase Details

Closed on
Jul 2, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 17, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
0.0619%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 20, 2004
Sold by
Bought by

Purchase Details

Closed on
Nov 17, 1998
Sold by
Bought by

Purchase Details

Closed on
Jul 30, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,250
Interest Rate
0.0662%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

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 Buyer Sale Price Title Company
-- Title365 Company
-- Title 365
$1,175,000 Fidelity National Title Co
-- Fidelity National Title Co
$332,000 Fidelity National Title Co
$326,500 Fidelity National Title Co
-- First American Els
$280,000 None Available
-- None Available
$650,000 New Century Title
-- --
-- --
$355,000 Natc
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $765,000
Closed $763,750
Previous Owner $160,000
Previous Owner $400,000
Previous Owner $97,500
Previous Owner $520,000
Previous Owner $100,000
Previous Owner $266,250
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
09/16/2014 09/16/14 Sold $1,175,000 -7.8% $273 / Sq Ft
09/01/2014 09/01/14 Pending -- -- --
05/16/2014 05/16/14 For Sale $1,275,000 -- $297 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,506 $1,334,044 $539,625 $794,419
2024 $16,314 $1,307,888 $529,045 $778,843
2023 $16,003 $1,282,244 $518,672 $763,572
2022 $15,266 $1,257,102 $508,502 $748,600
2021 $15,064 $1,232,454 $498,532 $733,922
2020 $15,213 $1,219,818 $493,421 $726,397
2019 $14,617 $1,195,901 $483,747 $712,154
2018 $14,458 $1,172,453 $474,262 $698,191
2016 $13,777 $1,126,927 $455,847 $671,080
2015 $14,352 $1,175,000 $475,000 $700,000
2014 $4,277 $333,507 $233,053 $100,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14102330

California Regional Multiple Listing Service (CRMLS)

APN: 2231-005-026

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