NOT LISTED FOR SALE

16603 Valerio St van Nuys, CA 91406

Van Nuys Area
6 Beds
4 Baths
2,468 Sq Ft
6,094 Sq Ft Lot

Sale Details

Date Sold: February 13, 2019

Last sale price $890,000 $361 Per Sq Ft

12 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Central Heating and Cooling System
  • No HOA
  • Tile Flooring

About This Home

As of February 2019

Incredible rare investment opportunity in Van Nuys to purchase two beautiful houses on one lot each with their own address and utility meters.16601- Just remodeled-16603 is a 2018 New Build.Rents for both houses will bring in approx. $5700 a month with a 6% cap rate. This is also a great opportunity for that buyer looking for a cash flow property as well as a property to live in.16601- Single story 1270 sq ft w/ 3 bedrooms and full bathroom,remodeled w/new laminate & new carpet throughout,newly remodeled kitchen w/ new white self closing shaker cabinets w/ counter top seating area, new quartz counters, new stainless steel appliances & new fixtures.There is an open dinning/living area for gatherings or step down into the family room where there is a cozy fireplace. Bathroom w/ new dual vanity,new quartz count top, new tiled floor,tiled shower/tub and new fixtures.16603-Brand new construction w/ a 2 story 1198 sq ft w/ 3 bedrooms, 2.5 bathrooms & 2 car attached garage. On the main floor is a family room that opens to the kitchen and dining area.Kitchen has white self closing shaker cabinets,quartz counters w/ white tiled back splash and stainless steel appliances. laminate floors on the first floor and carpet in the bedrooms.Upstairs there is the master bed/bath w/ balcony and walk-in closet and additional bedrooms and bathroom.Both properties have laundry hook ups, central heat/AC.Sizable front and rear yard are a plus!!Close to shopping, restaurants & public transportation.

Last Agent to Sell the Property

Alaura Clennon

Griffin Real Estate, Inc. Listed on: 11/16/2018

Last Buyer's Agent

Teri Heravi

Compass License #01185589

Compass
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951 | Remodeled

Lot Details

  • 6,094 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Garage

Interior Spaces

  • 2,468 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Oven
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 30
  • Tax Tract Number 16678
  • Assessor Parcel Number 2226009020

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Trash Expense $500
  • New Taxes Expense $9,500
  • Operating Expense $11,200
  • Gross Income $68,400
  • Net Operating Income $57,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1951 | Remodeled

Lot Details

6,094 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: LAR1
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 2226009020
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 360.62
  • Room Type: Family Room, Kitchen, Laundry

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Level with Street
  • Lot Size Sq Ft: 6094.00
  • Lot Size Acres: 0.1399

Multi Family

  • Gross Income: 68400.00
  • Gross Scheduled Income: 68400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6094.0000 Square Feet
  • Net Operating Income: 57200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 11200.00
  • Rent Control: Yes
  • Total Expenses: 11200.00

Tax Info

  • New Taxes Expense: 9500.00
  • Tax Census Tract: 1321.02
  • Tax Lot: 30
  • Tax Tract Number: 16678

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
02/13/2019 02/13/19 Sold $890,000 +2.3% $361 / Sq Ft
11/28/2018 11/28/18 Pending -- -- --
11/16/2018 11/16/18 For Sale $869,990 -- $353 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG18275227

California Regional Multiple Listing Service (CRMLS)
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