NOT LISTED FOR SALE

4804 Gaviota Ave Encino, CA 91436

6 Beds
6 Baths
25,728 Sq Ft
0.69 Acres

Last Sold December 08, 2020

Last sale price $7,800,000 $303 Per Sq Ft

16 Days on Market

Highlights

  • 0.69 Acre Lot
  • Community Pool
  • Laundry Room
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

About This Home

As of December 2020

La Gaviota Ventura Apartments is a well-maintained, 24-unit apartment community located in the affluent city of Encino, California, with an unbeatable location directly off the main shopping, dining and entertainment thoroughfare of Ventura Boulevard. Set amid lush surroundings on a 30,027 square foot lot, the 25,728 square foot property offers one, two, and three-bedroom apartment homes in a variety of floor plans. Built in 1961, the property offers many amenities, an excellent rental location and superb freeway access.

Reposition Opportunity
Strong Upside in Rents
Excellent Unit Mix
Historically Strong Occupancy
Safe Residential Neighborhood
Prime Encino Location

Last Agent to Sell the Property

Warren Berzack

Warren Lee Berzack License #01329015 Listed on: 08/12/2020

Warren Lee Berzack

Last Buyer's Agent

Warren Berzack

Warren Lee Berzack License #01329015 Listed on: 08/12/2020

Warren Lee Berzack

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.69 Acre Lot
  • Two or More Common Walls

Home Design

  • 25,728 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 26 Parking Spaces
  • 22 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Standard Electricity
  • Natural Gas Connected

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 7
  • Tax Tract Number 6571
  • Assessor Parcel Number 2261021012

Community Details

Overview

  • No Home Owners Association
  • 24 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • Rent Control
  • 25 Separate Electric Meters
  • 25 Separate Gas Meters
  • 1 Separate Water Meter
  • Cable TV Expense $1,190
  • Electric Expense $6,960
  • Fuel Expense $5,839
  • Gardener Expense $2,400
  • Insurance Expense $7,585
  • Maintenance Expense $38,592
  • Other Expense $11,520
  • Pest Control $566
  • Pool Expense $3,784
  • Professional Management Expense $22,145
  • Supplies Expense $2,400
  • Trash Expense $5,371
  • Water Sewer Expense $13,483
  • New Taxes Expense $96,875
  • Operating Expense $222,513
  • Gross Income $553,616
  • Net Operating Income $314,494

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • CapRate: 4.06
  • Professional Management Expense: 22145.00
  • Property Attached: Yes
  • Supplies Expense: 2400.00
  • Water Sewer Expenses: 13483.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 2261021012
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 303.17

Exterior Features

  • Pool Expense: 3784.00
  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 22.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 26.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Natural Gas
  • Laundry Features: Common Area
  • Pest Control Expense: 566.00
  • Sewer: Public Sewer
  • Trash Expense: 5371.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 30027.00
  • Lot Size Acres: 0.6893

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Cable TV Expense: 1190.00
  • Electric Expense: 6960.00
  • Fuel Expense: 5839.00
  • Gross Income: 553616.00
  • Gross Multiplier: 14.00
  • Gross Operating Income: 537007.00
  • Gross Scheduled Income: 553616.00
  • Insurance Expense: 7585.00
  • Lot Size Area: 30027.0000 Square Feet
  • Maintenance Expense: 38592.00
  • Net Operating Income: 314494.00
  • Number Of Separate Electric Meters: 25
  • Number Of Separate Gas Meters: 25
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 24
  • Operating Expense: 222513.00
  • Other Expense: 11520.00
  • Other Expense Description: On-Site
  • Rent Control: Yes
  • Total Expenses: 222513.00
  • Vacancy Allowance: 16608

Tax Info

  • New Taxes Expense: 96875.00
  • Tax Census Tract: 1414.00
  • Tax Lot: 7
  • Tax Tract Number: 6571

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 List to Sale Price per Sq Ft
12/08/2020 12/08/20 Sold $7,800,000 +0.6% $303 / Sq Ft
08/28/2020 08/28/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $7,750,000 -- $301 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Warren Berzack

    Seller's Agent in 2020

    Warren Berzack

    Warren Lee Berzack

    (818) 986-9800

    2 in this area

    20 Total Sales

    Warren Berzack
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20163859

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Encino 91436

4804 Gaviota Ave, Encino, CA

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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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