NOT LISTED FOR SALE

3915 Vineland Ave Studio City, CA 91604

6 Beds
5 Baths
8,029 Sq Ft
9,365 Sq Ft

Last Sold February 14, 2013

Last sale price $2,070,000 $258 Per Sq Ft

About This Home

As of February 2013

KW Commercial is proud to represent this pride of ownership 8 unit apartment building located in the affluent neighborhood of Studio City. The building is loc The building has a total of 8,029 square feet and is situated on a 8,708 square foot lot. The improvements consist of (3) 3 bedroom 2 bath units, (2) 2 bedroom 2 bath units, and (3) 1 bedroom 1 bath units. Each unit averages over 1,000 square feet. Two of the units have been extensively renovated and some units have large balconies or patios with city views. There is upside on the existing rents.
The property is separately metered for gas and electricity.

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 12/03/2012

Equity Union

Last Buyer's Agent

Bruce Gold

Berkshire Hathaway HomeServices California Properties License #00925889

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 9,370 Sq Ft Lot

Parking

  • 10 Parking Spaces

Home Design

  • 8,029 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Tract Number 1438
  • Assessor Parcel Number 2378013003

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Electric Expense $500
  • Insurance Expense $4,000
  • Maintenance Expense $7,000
  • Trash Expense $1,320
  • Water Sewer Expense $2,500
  • New Taxes Expense $25,140
  • Gross Income $13,979
  • Net Operating Income $112,966

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

9,370 Sq Ft Lot

Listing Details

  • CapRate: 5.39
  • Water Sewer Expenses: 2500.00
  • Property Type: Residential Income
  • Parcel Number: 2378013003
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 257.82

Garage/Parking

  • Total Parking Spaces: 10.00

Utilities

  • Trash Expense: 1320.00

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 9370.00
  • Lot Size Acres: 0.2150

Multi Family

  • Electric Expense: 500.00
  • Gross Income: 13979.00
  • Gross Multiplier: 12.56
  • Gross Scheduled Income: 166764.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 9370.0000 Square Feet
  • Maintenance Expense: 7000.00
  • Net Operating Income: 112966.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 47520.00
  • Rent Control: Yes
  • Total Actual Rent: 13797.00

Tax Info

  • New Taxes Expense: 25140.00
  • Taxes Percent: 1.20
  • Tax Tract Number: 1438
  • Tax Year: 2011
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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 List to Sale Price per Sq Ft
02/14/2013 02/14/13 Sold $2,070,000 -- $258 / Sq Ft
12/03/2012 12/03/12 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $30,386 $2,470,481 $1,367,127 $1,103,354
2024 $30,386 $2,422,041 $1,340,321 $1,081,720
2023 $29,809 $2,374,551 $1,314,041 $1,060,510
2022 $28,448 $2,327,992 $1,288,276 $1,039,716
2021 $28,077 $2,282,346 $1,263,016 $1,019,330
2019 $27,252 $2,217,053 $1,225,555 $991,498
2018 $27,084 $2,173,629 $1,201,525 $972,104
2016 $25,819 $2,086,919 $1,154,869 $932,050
2015 $25,448 $2,055,572 $1,137,522 $918,050
2014 $25,566 $2,015,307 $1,115,240 $900,067
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F12114440

California Regional Multiple Listing Service (CRMLS)
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