NOT LISTED FOR SALE

16809 Victory Blvd van Nuys, CA 91406

Estimated Value: $1,974,000 - $2,514,961

12 Beds
8 Baths
5,780 Sq Ft
$379/Sq Ft Est. Value

Last Sold February 29, 2012

Last sale price $945,000 $163 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $13,246/month

Highlights

  • Traditional Architecture
  • Central Heating
  • Wood Siding
  • Wood Flooring

About This Home

As of February 2012

JUST BUILT BRAND NEW IN 2007!!!! CAP RATE OF 7%!!!!!.This is one of the best choices properties for investors that are looking for an excellent property in prime location with solid income. ALL 4 UNITS HAVE 3 BEDROOMS AND 2 BATHROOMS WITH ALL SEPRATED UTILITY meters incuding of water, power and gas AND Private parking area. It is built with high upgrading items and finish touch; granite counter tops, custom made cabinets, central air conditioning for each units, dual pane windows, etc...

Last Agent to Sell the Property

Alfred Tavari

Allstate Realty License #01290392 Listed on: 11/21/2011

Last Buyer's Agent

Alfred Tavari

Allstate Realty License #01290392 Listed on: 11/21/2011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,420

Year Built

  • Built in 2007

Lot Details

  • 6,310 Sq Ft Lot
  • Lot Dimensions are 57x110

Parking

  • 8 Parking Spaces

Home Design

  • Traditional Architecture
  • Wood Siding
  • Stucco

Interior Spaces

  • 5,780 Sq Ft Home
  • Wood Flooring

Utilities

  • Central Heating
  • Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 69
  • Tax Tract Number 17645
  • Assessor Parcel Number 2231023056

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $180
  • Gardener Expense $50
  • Insurance Expense $1,265
  • Maintenance Expense $50
  • Pest Control $45
  • New Taxes Expense $12,400
  • Gross Income $7,100
  • Net Operating Income $68,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,420

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 7.01
  • Subdivision Name Other: CUST
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 50.00
  • Parcel Number: 2231023056
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Wood
  • Appliances: Yes
  • Price Per Square Foot: 163.49

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: No
  • Appliances: Water Heater
  • Heating Type: Central
  • Pest Control Expense: 45.00
  • Sewer: Sewer Paid

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 57x110
  • Lot Size Sq Ft: 6310.00
  • Lot Size Acres: 0.1400

Multi Family

  • Electric Expense: 180.00
  • Gross Income: 7100.00
  • Gross Multiplier: 11.67
  • Gross Scheduled Income: 85200.00
  • Insurance Expense: 1265.00
  • Lot Size Area: 6310.0000 Square Feet
  • Maintenance Expense: 50.00
  • Net Operating Income: 68200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 15400.00
  • Rent Control: No
  • Total Actual Rent: 85200.00

Tax Info

  • New Taxes Expense: 12400.00
  • Tax Area: 16
  • Tax Lot: 69
  • Tax Tract: Custom
  • Tax Tract Number: 17645

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2016
Sold by
Slater Cindy Lynn
Bought by
Sfv Investments Llc
Current Estimated Value
$2,189,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,700
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 28, 2016
Sold by
Joognoo Victory 16809 Llc
Bought by
Slater Cindy Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,700
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 7, 2013
Sold by
Hameed Azhar and Hameed Farah
Bought by
Joognoo Victory 16809 Llc

Purchase Details

Listed on
Nov 21, 2011
Closed on
Jan 10, 2012
Sold by
6456-6452 Woodley Place Llc
Bought by
Hameed Azhar and Hameed Farah
Seller's Agent
Alfred Tavari
Allstate Realty
Buyer's Agent
Alfred Tavari
Allstate Realty
Sold Price
$945,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.35%
Original Mortgage
$701,250
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2008
Sold by
Kleinman David and Kleinman Alice
Bought by
6456-6452 Woodley Place Llc

Purchase Details

Closed on
Mar 5, 2008
Sold by
Kleinman David
Bought by
Kleinman David and Kleinman Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,950
Interest Rate
5.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2007
Sold by
Attar Georges
Bought by
Kleinman David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 2007
Sold by
Kleinman Alise
Bought by
Kleinman David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2006
Sold by
Marroquin Ortiz Maria H and Ortiz Jorge
Bought by
Attar Georges

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 26, 2006
Sold by
Attar Souha
Bought by
Attar Georges

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 2, 2005
Sold by
Marroquin Ortiz Maria H
Bought by
Ortiz Jorge and Marroquin Ortiz Maria H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2002
Sold by
Ortiz Jorge
Bought by
Marroquin Ortiz Maria H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,960
Interest Rate
6.87%

Purchase Details

Closed on
Jul 30, 2002
Sold by
Arevalo Ervin E
Bought by
Marroquin Ortiz Maria H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,960
Interest Rate
6.87%

Purchase Details

Closed on
Dec 2, 1998
Sold by
Sims Robert
Bought by
Arevalo Ervin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,100
Interest Rate
6.82%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 24, 1996
Sold by
Glendale Federal Bank Fsb
Bought by
Sims Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,050
Interest Rate
7.88%

Purchase Details

Closed on
Aug 28, 1995
Sold by
Dunn Harvey and Dunn Nancy P
Bought by
Glendale Federal Bank Fsb
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
Sfv Investments Llc -- Accommodation
Slater Cindy Lynn $1,501,000 North American Title Company
Joognoo Victory 16809 Llc -- None Available
Hameed Azhar $945,000 Advantage Title
6456-6452 Woodley Place Llc -- Accommodation
Kleinman David -- United Title Company
Kleinman David $550,000 United Title Company Westlak
Kleinman David -- United Title Company
Attar Georges $529,000 North American Title Co
Attar Georges -- North American Title Co
Ortiz Jorge -- North American Title Co
Marroquin Ortiz Maria H -- Fidelity National Title Co
Marroquin Ortiz Maria H $250,000 Fidelity National Title Co
Arevalo Ervin E $135,000 American Title Co
Sims Robert -- Benefit Land Title
Glendale Federal Bank Fsb $167,409 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Slater Cindy Lynn $1,050,700
Previous Owner Hameed Azhar $701,250
Previous Owner Kleinman David $801,950
Previous Owner Kleinman David $440,000
Previous Owner Attar Georges $417,000
Previous Owner Ortiz Jorge $350,000
Previous Owner Marroquin Ortiz Maria H $199,960
Previous Owner Arevalo Ervin E $134,100
Previous Owner Sims Robert $94,050
Closed Marroquin Ortiz Maria H $49,990
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2012 02/29/12 Sold $945,000 -- $163 / Sq Ft
11/21/2011 11/21/11 Pending -- -- --
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 $21,420 $1,742,032 $987,654 $754,378
2024 $21,420 $1,707,876 $968,289 $739,587
2023 $21,005 $1,674,389 $949,303 $725,086
2022 $20,029 $1,641,559 $930,690 $710,869
2021 $19,757 $1,609,373 $912,442 $696,931
2020 $19,950 $1,592,872 $903,087 $689,785
2019 $19,165 $1,561,640 $885,380 $676,260
2018 $19,009 $1,531,020 $868,020 $663,000
2016 $14,980 $1,206,671 $712,560 $494,111
2015 $14,764 $1,188,546 $701,857 $486,689
2014 $14,825 $1,165,265 $688,109 $477,156
Source: Public Records

Agents Affiliated with this Home

  • Alfred Tavari

    Seller's Agent in 2012

    Alfred Tavari

    Allstate Realty

    (818) 344-5158

    1 in this area

    22 Total Sales

    Alfred Tavari
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F1858157

California Regional Multiple Listing Service (CRMLS)

APN: 2231-023-056

California Los Angeles County Van Nuys 91406

16809 Victory Blvd, Van Nuys, CA

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