NOT LISTED FOR SALE

5626 Kester Ave van Nuys, CA 91411

Estimated Value: $1,192,000 - $1,743,000

6 Beds
4 Baths
3,450 Sq Ft
$409/Sq Ft Est. Value

Last Sold March 24, 2017

Last sale price $1,335,000 $387 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,988/month

37 Days on Market

Highlights

  • Open Floorplan
  • Contemporary Architecture
  • No HOA
  • Kester Avenue Elementary School Rated A-
  • Private Yard
  • Central Air

About This Home

As of March 2017

Well maintained Sherman Oaks Fourplex on a large yard. All 4 units have separate A/C, new French windows, laminated floors and tile. 3 of the units have granite counter top kitchen and one is Formica. Copper plumbing. Mostly newer sewer line all the way to the street. New automatic garage doors. All units with ceiling fans. Laundry room on premises. Unit A: 1+1 $1,391/mo, Unit B:1+1 $1,359.60/mo, Unit C:2+1 $1,700/mo, Unit D:2+1.5 $1,950/mo, 3,450 sq ft Building on a 9,096 sq ft lot. Total of 8 parking spaces. 3 individual garage with roll up doors plus 5 parking spaces. One garage is being used by the landlord. Non smoker apartments. Easy access to the 101 and 170 freeways and close to City transportation. Fully occupied with annual gross income of $77,767. Close to Trader Joe's and Fashion Square. North of Burbank Blvd.
PLEASE DO NOT DISTURB TENANTS OR WALK THE PROPERTY. Inspection subject to accepted offer.

Last Agent to Sell the Property

Nader Naderi

Berkshire Hathaway HomeServices California Properties License #01096047 Listed on: 01/22/2017

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Dan Crisci

The Firm Realty License #01345509

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,020

Year Built

  • Built in 1952 | Remodeled

Lot Details

  • 9,096 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard
  • Front Yard

Parking

  • 5 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Quadruplex
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,450 Sq Ft Home
  • 2-Story Property
  • Open Floorplan

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 333
  • Tax Tract Number 1284
  • Assessor Parcel Number 2244014029

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Valley

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $1,836
  • Maintenance Expense $600
  • Trash Expense $900
  • Water Sewer Expense $3,000
  • New Taxes Expense $17,475
  • Operating Expense $25,251
  • Gross Income $77,767
  • Net Operating Income $52,516

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,020

Year Built

Built in 1952 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 3000.00
  • Zoning: LARD1.5
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 2244014029
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 386.96

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Yard
  • Lot Size Sq Ft: 9096.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 77767.20
  • Gross Scheduled Income: 77767.00
  • Insurance Expense: 1836.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 80.00
  • Maintenance Expense: 600.00
  • Net Operating Income: 52516.20
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 25251.00
  • Rent Control: Yes
  • Total Actual Rent: 6300.00
  • Total Expenses: 25251.00

Tax Info

  • New Taxes Expense: 17475.00
  • Tax Census Tract: 1284.00
  • Tax Lot: 333
  • Tax Tract Number: 1284

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2024
Sold by
Mikailians Moses and Mikailians Aida
Bought by
Mikailians Living Trust and Mikailians
Current Estimated Value
$1,411,667

Purchase Details

Listed on
Jan 22, 2017
Closed on
Mar 10, 2017
Sold by
Kocharyan Anait
Bought by
Gotsizidze David
Seller's Agent
Nader Naderi
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Dan Crisci
The Firm Realty
List Price
$1,500,000
Sold Price
$1,335,000
Premium/Discount to List
-$165,000
-11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.65%

Purchase Details

Listed on
Jan 22, 2017
Closed on
Mar 6, 2017
Sold by
Gotsizidze David
Bought by
Mikailians Moses and Mikailians Aida
Seller's Agent
Nader Naderi
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Dan Crisci
The Firm Realty
List Price
$1,500,000
Sold Price
$1,335,000
Premium/Discount to List
-$165,000
-11%

Purchase Details

Closed on
Sep 28, 2002
Sold by
Gotsizidze David and Kocharyan Anait
Bought by
Gotsizidze David

Purchase Details

Closed on
Jun 21, 2002
Sold by
Gotsizidze David
Bought by
Gotsizidze David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.86%

Purchase Details

Closed on
Mar 27, 2002
Sold by
Kocharyan Anait
Bought by
Gotsizidze David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
6.78%

Purchase Details

Closed on
May 3, 2001
Sold by
Barry Mike
Bought by
Gotsizidze David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
7.09%

Purchase Details

Closed on
Mar 15, 1999
Sold by
Friar Properties Lp
Bought by
Barry Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
6.73%

Purchase Details

Closed on
Feb 12, 1999
Sold by
Ramezani Mojgan
Bought by
Barry Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
6.73%

Purchase Details

Closed on
Jan 29, 1996
Sold by
Weinstock Norman B and Weinstock Sondra R
Bought by
Friar Properties Lp
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mikailians Living Trust -- None Listed On Document
Gotsizidze David -- California Title Company
Mikailians Moses $1,335,000 California Title Company
Gotsizidze David -- --
Gotsizidze David -- First American Title Ins Co
Gotsizidze David -- --
Gotsizidze David $375,000 Commonwealth Land Title Co
Barry Mike $275,000 Fidelity National Title Ins
Barry Mike -- Fidelity National Title Ins
Friar Properties Lp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gotsizidze David $60,000
Previous Owner Gotsizidze David $332,000
Previous Owner Gotsizidze David $318,750
Previous Owner Barry Mike $206,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2017 03/24/17 Sold $1,335,000 -11.0% $387 / Sq Ft
02/28/2017 02/28/17 Pending -- -- --
01/22/2017 01/22/17 For Sale $1,500,000 -- $435 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $19,020 $1,549,376 $1,044,524 $504,852
2024 $19,020 $1,518,997 $1,024,044 $494,953
2023 $18,658 $1,489,214 $1,003,965 $485,249
2022 $17,805 $1,460,015 $984,280 $475,735
2021 $17,584 $1,431,388 $964,981 $466,407
2019 $17,068 $1,388,934 $936,360 $452,574
2018 $16,862 $1,361,700 $918,000 $443,700
2016 $6,014 $467,965 $224,623 $243,342
2015 $5,931 $460,936 $221,249 $239,687
2014 $5,974 $451,908 $216,916 $234,992
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17014236

California Regional Multiple Listing Service (CRMLS)

APN: 2244-014-029