NOT LISTED FOR SALE
8 Beds
8 Baths
26,910 Sq Ft
0.33 Acre Lot

Sale Details

Date Sold: December 13, 2018

Last sale price $7,000,000 $260 Per Sq Ft

95 Days on Market

Highlights

  • Indoor Pool
  • Van Nuys High School Rated A
  • Laundry Facilities

About This Home

As of December 2018

We are proud to represent this 18 unit plus 2 additional non-conforming units apartment building in
Sherman Oaks. The non conforming units are in the process of being legalized with the city with permits expected in
2018.
The building was constructed in 1968. Its unit mix consists of (3) one-bedroom, one-bathroom units, (9) two-bedroom,
two-bathroom units, (2) two-bedroom, two-bathroom and a den units and (4) three-bedroom and two-bathroom units
(converted from 2+2+den units). With a lot size of 14,245 square feet, the property has a total of 26,910 rentable square
feet. There are (2) non confirming units that bring in an additional $1000 each per month.
There is an existing loan in the approximate amount of $3,500,000 that was originated in 2015. The loan is at 3.35%
interest that is fixed until October 16, 2020. The property is situated in a prime Sherman Oaks area, which has a
comfortable blend of urban and suburban amenities. Along with sunny, clean sidewalks, the city offers many hip cafes
and shops — especially on Ventura Boulevard, which features the Sherman Oaks Galleria and many upscale
restaurants. Residents also have easy access to the 405 and 101 freeways.
The building’s amenities include an indoor pool, balconies, central HVAC units, secured parking, and lush landscaping.
It is separately metered for gas and electricity

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 07/12/2018

Equity Union
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 14,245 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 26,910 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Pool

  • Indoor Pool

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 2
  • Assessor Parcel Number 2265002179

Community Details

Building Details

  • Rent Control
  • 19 Separate Electric Meters
  • 19 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $21,211
  • Insurance Expense $8,697
  • Professional Management Expense $13,879
  • Trash Expense $3,964
  • New Taxes Expense $90,670
  • Operating Expense $160,342
  • Gross Income $38,053
  • Net Operating Income $288,595

Additional Features

  • 20 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0.33 Acres

Listing Details

  • Professional Management Expense: 13879.00
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 2265002179
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 260.13

Exterior Features

  • Pool Features: Private, Indoor
  • Pool Private: Yes

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3964.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 14245.00
  • Lot Size Acres: 0.3270

Multi Family

  • Electric Expense: 21211.00
  • Gross Income: 38053.00
  • Gross Scheduled Income: 456636.00
  • Insurance Expense: 8697.00
  • Lot Size Area: 14245.0000 Square Feet
  • Net Operating Income: 288595.00
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 19
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 20
  • Operating Expense: 160342.00
  • Rent Control: Yes
  • Total Expenses: 160342.00

Tax Info

  • New Taxes Expense: 90670.00
  • Tax Census Tract: 1413.03
  • Tax Lot: 1
  • Tax Tract Number: 2

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Sherman Oaks, CA

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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
-- Chicago Title Company
Natick Manor Lp -- Stewart Title
Natick Manor Lp -- Chicago Title Company
Aj Rock Llc $480,000 Chicago Title Company
Aj Rock Llc $1,175,000 North American Title Company
Pcs Development 7 Llc $60,000 First American Title Co
Zero Plus Services Inc $590,000 Stewart Title
Natick Associates $590,000 Stewart Title
Basler Barbara -- Stewart 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 $4,145,000
Previous Owner Natick Manor Lp $3,500,000
Previous Owner Pcs Development 7 Llc $3,151,000
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 Prior Sale
12/13/2018 12/13/18 Sold $7,000,000 -7.9% $260 / Sq Ft
10/15/2018 10/15/18 Pending -- -- --
07/12/2018 07/12/18 For Sale $7,600,000 +87.7% $282 / Sq Ft
02/24/2012 02/24/12 Sold $4,050,000 -3.0% $151 / Sq Ft View Prior Sale
06/16/2011 06/16/11 Pending -- -- --
06/06/2011 06/06/11 For Sale $4,175,000 -- $155 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2026 $96,496 $8,049,879 $3,413,486 $4,636,393
2025 $96,496 $7,808,629 $3,346,555 $4,462,074
2024 $95,228 $7,655,520 $3,280,937 $4,374,583
2023 $93,405 $7,505,412 $3,216,605 $4,288,807
2022 $89,111 $7,358,248 $3,153,535 $4,204,713
2021 $87,925 $7,213,969 $3,091,701 $4,122,268
2019 $85,319 $7,008,450 $3,000,000 $4,008,450
2018 $61,640 $4,920,777 $2,822,980 $2,097,797
2016 $58,672 $4,721,577 $2,713,361 $2,008,216
2015 $57,834 $4,650,655 $2,672,604 $1,978,051
2014 $52,730 $4,119,015 $2,299,271 $1,819,744
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18168263

California Regional Multiple Listing Service (CRMLS)
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