NOT LISTED FOR SALE

16609 Vanowen St van Nuys, CA 91406

Van Nuys Area
19 Beds
22 Baths
13,608 Sq Ft
0.44 Acre Lot

Sale Details

Date Sold: April 5, 2019

Last sale price $3,600,000 $265 Per Sq Ft

168 Days on Market

Highlights

  • Gated Parking
  • 19,138 Sq Ft lot
  • Air Conditioning

About This Home

As of April 2019

JoshLuchsof CBRE is pleased to present for sale, a 20-unit multifamily building located at 16609 VanowenSt. in Lake Balboa. Constructed in 1973, the 13,608square foot property is situated on a 19,139 square foot lot. It's located just NorthofVanowen, between Hayvenhurst and Balboa.The building consists of three Singles, fifteen1BD/1BA units, and two 2BD/1.5BA units.The property benefits from a central location that's minutes from the Van Nuys Golf Course, The Japanese Gardens, and the Sherman Oaks Galleria.Los Angeles's improving infrastructure and lack of housing supply, has made it one of the most desired rental markets in the country, rivaling New York City and San Francisco.

Last Agent to Sell the Property

Joshua Luchs

Kidder Mathews of California, Inc. License #01845545 Listed on: 08/23/2018

Last Buyer's Agent

Hooman Emanuel

Keller Williams Studio City License #01200237

Keller Williams Studio City
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 19,138 Sq Ft Lot

Interior Spaces

  • 13,608 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 22 Bathrooms

Parking

  • 21 Parking Spaces
  • Gated Parking

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window

Community Details

  • 20 Units

Listing and Financial Details

  • Assessor Parcel Number 2225-009-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0.44 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 13608
  • Stories: 2
  • Year Built: 1973
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 19
  • Total Bathrooms: 22.00
  • Price Per S Q F T: 268.22

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 21

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 1687954
  • Assessed Land Value: 931999
  • Assessor Parcel Number: 2225-009-008
  • Geocode Override: No
  • Lot Size Area: 19138

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.73
  • Number Of Units: 20
  • Type Of Units: Rental

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

Listed on
Aug 23, 2018
Closed on
Feb 20, 2019
Sold by
Bought by
Seller's Agent
Joshua Luchs
Kidder Mathews of California, Inc.
Buyer's Agent
Hooman Emanuel
Keller Williams Studio City
List Price
$3,650,000
Sold Price
$3,600,000
Premium/Discount to List
-$50,000
-1.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,860,000
Outstanding Balance
$1,098,656
Interest Rate
4.3%
Mortgage Type
Construction

Purchase Details

Closed on
May 4, 2015
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
$1,897,500
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 21, 2012
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
$800,000
Interest Rate
3.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in van Nuys, CA

See All Agents

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
$3,600,000 Ticor Title
$2,530,000 North American Title Company
-- Chicago Title
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 $1,860,000
Previous Owner $1,897,500
Previous Owner $800,000
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
04/05/2019 04/05/19 Sold $3,600,000 -1.4% $265 / Sq Ft
08/23/2018 08/23/18 For Sale $3,650,000 -- $268 / Sq Ft
Source: The MLS

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 $50,555 $4,015,863 $1,338,620 $2,677,243
2024 $49,900 $3,937,122 $1,312,373 $2,624,749
2023 $48,963 $3,859,925 $1,286,641 $2,573,284
2022 $46,754 $3,784,241 $1,261,413 $2,522,828
2021 $46,146 $3,710,041 $1,236,680 $2,473,361
2019 $10,456 $2,725,797 $969,650 $1,756,147
2018 $34,148 $2,672,351 $950,638 $1,721,713
2016 $32,510 $2,568,582 $913,725 $1,654,857
2015 $7,237 $447,957 $50,165 $397,792
2014 -- $439,183 $49,183 $390,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 18-379976

The MLS
Your Personal Tour Guide

Ask me questions while you tour the home.