NOT LISTED FOR SALE
8 Beds
6 Baths
4,109 Sq Ft
6,153 Sq Ft Lot

Last Sold March 20, 2014

Last sale price $1,275,000 $310 Per Sq Ft

Highlights

  • Contemporary Architecture
  • No HOA
  • Laundry Room
  • North Hollywood Senior High School Rated A
  • Cooling System Mounted To A Wall/Window
  • Landscaped

About This Home

As of March 2014

Rare investment opportunity to purchase an excellent cash flow building with upside potential in a great location. Short walk to restaurants and shops! 6-Unit multifamily property located at the corner of Riverside and Rhodes in Valley Village. Upgraded building consisting of 4-1 bedroom and 2-2 bedroom units. 5 carports and one uncovered parking. Well maintained with upgrades in last 15 years including: All new electrical, stucco, roof, copper plumbing, windows, kitchen tile. 4 units are equipped with wall unit air conditioners and 2 have split system central a/c units. Onsite laundry for added income. Great upside potential in rents. Currently 100% Occupied. Excellent First Time Investor and/or Owner-User Opportunity.

Last Agent to Sell the Property

Joan Duffy

Coldwell Banker Realty License #00525687 Listed on: 12/06/2013

Coldwell Banker Realty

Co-Listed By

Daniel Crisci

The Firm Realty License #01345509

Last Buyer's Agent

Cesar Gonzalez

Equity Union License #01864871

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 6,153 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Home Design

  • Contemporary Architecture
  • Property Attached

Interior Spaces

  • 4,109 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Gas Cooktop

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • 5 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 116
  • Tax Tract Number 7974
  • Assessor Parcel Number 2356030045

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Electric Expense $1,980
  • Gardener Expense $1,200
  • Insurance Expense $2,000
  • Trash Expense $1,500
  • Water Sewer Expense $1,980
  • New Taxes Expense $15,000
  • Gross Income $5,864
  • Net Operating Income $48,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Inclusions: Laundry room washer and dryer.
  • Property Attached: Yes
  • Water Sewer Expenses: 1980.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 2356030045
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 310.29

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Trash Expense: 1500.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Landscaped
  • Lot Size Sq Ft: 6153.00
  • Lot Size Acres: 0.1410

Multi Family

  • Electric Expense: 1980.00
  • Gross Income: 5864.00
  • Gross Scheduled Income: 70358.00
  • Insurance Expense: 2000.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6153.0000 Square Feet
  • Net Operating Income: 48000.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number Wall A C: 4
  • Number With Disposal: 6
  • Number With Range: 6
  • Operating Expense: 9205.00
  • Rent Control: Yes
  • Total Actual Rent: 5763.00

Tax Info

  • New Taxes Expense: 15000.00
  • Taxes Percent: 1.22
  • Tax Lot: 116
  • Tax Tract Number: 7974
  • Tax Year: 2012

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
03/20/2014 03/20/14 Sold $1,275,000 -1.8% $310 / Sq Ft
02/05/2014 02/05/14 Pending -- -- --
12/06/2013 12/06/13 For Sale $1,299,000 +21.5% $316 / Sq Ft
07/23/2013 07/23/13 Sold $1,069,500 -2.3% $260 / Sq Ft
06/23/2013 06/23/13 Pending -- -- --
06/10/2013 06/10/13 For Sale $1,095,000 -- $266 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR13243595

California Regional Multiple Listing Service (CRMLS)