$2,150,000
SOLD OCT 2, 2024

20526 Hartland St Los Angeles, CA 91306

21 Beds
14 Baths
11,004 Sq Ft
0.38 Acres

Recently Sold

$195 Per Sq Ft

9% Below List Price

36 Days on Market

Highlights

  • 0.38 Acre Lot
  • Lawn
  • Cul-De-Sac
  • Midcentury Modern Architecture
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of October 2024

Great "potential plus" 14 unit West Valley apartment complex lies on a desirable cul-de-sac street off Mason and Vanowen in the suburb of Winnetka, north of Warner Center in the San Fernando Valley represents one of the most economic deals on the market. A 2 story, 2 building complex built in 1958, is a great value add opportunity with rents that are almost 50% below market. 50/50 1 and 2 bedroom mix. Priced to sell, this asset can only increase in cash flow with improved management, and exterior upgrades. Ample parking in the rear for 14 spaces with lots of street parking. Property offers laundry on site, courtyard, and open grassy areas for great curb appeal. This location sits near Warner Center employment hub, future Los Angeles Rams headquarters and training facility and major employers such as Kaiser, Blue Shield, Anthem, Farmers Insurance and Universal Music. Every convenience including banking, grocery shopping, to Crate & Barrel, Target and AMC theaters,Westfield Mall, Nordstrom, Neiman Marcus, and Cheesecake Factory, making the subject property an affordable option for employees in this market sector.

Last Agent to Sell the Property

Anngel Benoun

Engel & Völkers Encino Brokerage Phone: 818-521-4035 License #01014735 Listed on: 07/01/2024

Engel & Völkers Encino

Co-Listed By

Melinda Russell

CB Richard Ellis L.A. North Universal City Brokerage Phone: 818-521-4035 License #00860306

Last Buyer's Agent

Anngel Benoun

Engel & Völkers Encino Brokerage Phone: 818-521-4035 License #01014735 Listed on: 07/01/2024

Engel & Völkers Encino

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.38 Acre Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Lawn

Home Design

  • Midcentury Modern Architecture
  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 11,004 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 21 Bedrooms
  • 14 Bathrooms

Parking

  • 14 Parking Spaces
  • 14 Carport Spaces
  • Parking Available

Additional Features

  • Suburban Location
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 23136
  • Assessor Parcel Number 2137030039

Community Details

Overview

  • No Home Owners Association
  • 14 Units

Amenities

  • Laundry Facilities

Building Details

  • 14 Leased Units
  • Rent Control
  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 14 Separate Water Meters
  • Insurance Expense $7,996
  • Professional Management Expense $7,160
  • Trash Expense $6,653
  • Operating Expense $99,431
  • Gross Income $200,100
  • Net Operating Income $97,795

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • CapRate: 4.16
  • Price Per Unit: 167857
  • Professional Management Expense: 7160.00
  • Property Attached: Yes
  • Zoning: LAR3
  • Architectural Style: Mid Century Modern
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 2137030039
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 195.38

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 14.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 14.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 6653.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Lawn, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 16346.00
  • Lot Size Acres: 0.3753

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 200100.00
  • Gross Multiplier: 11.71
  • Gross Operating Income: 197226.00
  • Gross Scheduled Income: 200100.00
  • Insurance Expense: 7996.00
  • Laundry Income: 2297.00
  • Lot Size Area: 16346.0000 Square Feet
  • Net Operating Income: 97795.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 14
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Number Wall A C: 14
  • Operating Expense: 99431.00
  • Other Income Description: See OM In MLS Supplement
  • Rent Control: Yes
  • Total Actual Rent: 16607.20
  • Total Expenses: 99431.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 1349.04
  • Tax Lot: 6
  • Tax Tract Number: 23136

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2024 10/02/24 Sold $2,150,000 -8.5% $195 / Sq Ft
08/06/2024 08/06/24 Pending -- -- --
07/01/2024 07/01/24 For Sale $2,350,000 -- $214 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Anngel Benoun

    Seller's Agent in 2024

    Anngel Benoun

    Engel & Völkers Encino

    (818) 728-2396

    1 in this area

    78 Total Sales

    Anngel Benoun
    Section Image

  • M

    Seller Co-Listing Agent in 2024

    Melinda Russell

    CB Richard Ellis L.A. North Universal City

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24134532

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 91306

20526 Hartland St, Los Angeles, CA

This home is located at 20526 Hartland St, Los Angeles, CA 91306 and is currently priced at $2,150,000, approximately $195 per square foot. This property was built in 1958. 20526 Hartland St is a home located in Los Angeles County with nearby schools including Fullbright Avenue Elementary School, Woodland Hills Academy, and Canoga Park Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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