NOT LISTED FOR SALE

5718 Woodman Ave van Nuys, CA 91401

Estimated Value: $1,516,000 - $1,895,000

10 Beds
8 Baths
4,632 Sq Ft
$379/Sq Ft Est. Value

Last Sold June 07, 2013

Last sale price $810,000 $175 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $10,202/month

7 Days on Market

Highlights

  • Air Conditioning
  • Ulysses S. Grant Senior High School Rated A-
  • Central Heating

About This Home

As of June 2013

Marcus & Millichap is pleased to present a four unit multifamily property located in Valley Glen, California. Situated at 5718 Woodman Avenue and just north of Burbank Boulevard, the property is located in a good San Fernando Valley location adjacent to Sherman Oaks. The property is near Valley College and many Sherman Oaks amenities such as Sherman Oaks Fashion Square.Built in 1964, the property presents a very desirable unit mix of two two-bedroom units, and two three-bedroom units. One of the three bedroom units is a very large renovated townhouse unit with many upgrades. The building features a pool, on-site parking, and on-site laundry facilities.The subject property presents an excellent owner/user opportunity to acquire a well-maintained asset and obtain residential financing just one block north of Sherman Oaks.

Last Agent to Sell the Property

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 05/01/2013

Last Buyer's Agent

Margarit Abrahamyan

License #01352571

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,286

Year Built

  • Built in 1964

Lot Details

  • 5,497 Sq Ft Lot

Home Design

  • 4,632 Sq Ft Home

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Parking

  • 4 Parking Spaces
  • Covered Parking

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 2343-006-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,286

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4632
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 172.71

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 250000
  • Assessed Land Value: 375000
  • Assessor Parcel Number: 2343-006-006
  • Geocode Override: No
  • Lot Size Area: 5497

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.58
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2013
Closed on
May 13, 2013
Sold by
Sapir
Bought by
Avetisyan Yegish and Sahakyan Karine
Seller's Agent
Jason Tuvia
Marcus & Millichap
Buyer's Agent
Margarit Abrahamyan
List Price
$800,000
Sold Price
$810,000
Premium/Discount to List
$10,000
1.25%
Current Estimated Value
$1,753,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$943,503
Avg. Annual Appreciation
6.43%
Original Mortgage
$350,000
Outstanding Balance
$246,784
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$1,506,720

Purchase Details

Closed on
Feb 26, 2012
Sold by
Yehezkelof Alon and Yehezkelof Ronit
Bought by
Sapir

Purchase Details

Closed on
Jun 23, 2011
Sold by
Wulz Deborah A and Kathleen M Lynch Revocable Tru
Bought by
Yehezkelof Alon and Yehezkelof Ronit
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Avetisyan Yegish $810,000 Ticor Title Co
Sapir -- None Available
Yehezkelof Alon $625,000 Ticor Title Company Of Ca
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Avetisyan Yegish $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2013 06/07/13 Sold $810,000 +1.3% $175 / Sq Ft
05/08/2013 05/08/13 Pending -- -- --
05/01/2013 05/01/13 For Sale $800,000 -- $173 / Sq Ft
Source: The MLS

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 $12,286 $997,447 $554,138 $443,309
2024 $12,286 $977,890 $543,273 $434,617
2023 $12,053 $958,717 $532,621 $426,096
2022 $11,500 $939,920 $522,178 $417,742
2021 $11,339 $921,491 $511,940 $409,551
2019 $11,003 $894,160 $496,756 $397,404
2018 $10,909 $876,628 $487,016 $389,612
2016 $10,393 $842,589 $468,105 $374,484
2015 $10,244 $829,933 $461,074 $368,859
2014 $10,297 $813,677 $452,043 $361,634
Source: Public Records

Agents Affiliated with this Home

  • Jason Tuvia

    Seller's Agent in 2013

    Jason Tuvia

    Marcus & Millichap

    (818) 212-2700

    4 in this area

    107 Total Sales

    Jason Tuvia
    Section Image

  • M

    Buyer's Agent in 2013

    Margarit Abrahamyan

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Map

Source: The MLS

MLS Number: 13-669401

The MLS

APN: 2343-006-006

California Los Angeles County Van Nuys 91401

5718 Woodman Ave, Van Nuys, CA

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