NOT LISTED FOR SALE

5821 Sylmar Ave Los Angeles, CA 91401

16 Beds
16 Baths
8,400 Sq Ft
6,747 Sq Ft Lot

Last Sold April 21, 2021

Last sale price $2,705,000 $322 Per Sq Ft

106 Days on Market

Highlights

  • Dual Staircase
  • Cathedral Ceiling
  • Modern Architecture
  • Chandler Elementary Rated A-
  • Main Floor Primary Bedroom
  • Corner Lot

About This Home

As of April 2021

REDUCED TO SELL IN 2020!!! IMPROVED GM & CAP!!! RARE offering nestled in a pride of ownership single family neighborhood. Handsome 3 story corner property, impeccably maintained and surrounded by mature landscape. Built in 1987, a few blocks North of Sherman Oaks boundary and walking distance to Sherman Oaks Rec Center with Little League, Sports Courts and an Adult Center. The Building is 3 stories and consists of 8 units, four units on second floor above ground level parking, four units on top floor. Exterior access to all units via open stairwells with roofs for protection from the elements. All units consist of 2 Bedrooms, 2 Baths, Central Air & Heat, sliding doors to Private Balconies, open Kitchens to Dining Areas, oversized Living Rooms and more! FIVE of the units have been upgraded! The FOUR top floor units feature vaulted ceilings and views - TWO of these have spacious LOFTS - perfect for Home Office, Den or 3rd Bedroom! The FOUR second floor units have treetop views. The shared laundry room is located in the ground floor secured parking area which offers 2 spaces per unit with access via either a pedestrian gate or auto gate with opener. There is significant upside potential in this high demand location with limited rental inventory! Close to transportation, hospital, shopping and restaurants with easy access to Valley College, freeways and other major employment centers.

Last Agent to Sell the Property

Rosanne Covy

Skyhill Properties License #00816752 Listed on: 09/07/2020

Last Buyer's Agent

Tigran Arutunian

Discovery Realty and Finance License #00991108

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987 | Remodeled

Lot Details

  • 6,747 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers

Parking

  • 16 Car Garage
  • Parking Available
  • Auto Driveway Gate
  • Assigned Parking

Home Design

  • Modern Architecture
  • Property Attached
  • Turnkey
  • Raised Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 8,400 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Dry Bar
  • Cathedral Ceiling
  • Sliding Doors
  • Living Room
  • Neighborhood Views
  • Fire and Smoke Detector

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 16 Bedrooms
  • Primary Bedroom on Main
  • 16 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Accessible Home Design

  • Low Pile Carpeting

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting
  • Outdoor Storage
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 73
  • Tax Tract Number 7909
  • Assessor Parcel Number 2245005009

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,044
  • Gardener Expense $5,404
  • Insurance Expense $3,569
  • Trash Expense $3,543
  • Water Sewer Expense $8,187
  • New Taxes Expense $34,062
  • Operating Expense $56,809
  • Gross Income $173,616
  • Net Operating Income $116,807

Property Details

Home Type

Multi-Family

Year Built

Built in 1987 | Remodeled

Lot Details

0

Parking

16

Listing Details

  • Assessments: Yes
  • CapRate: 4.20
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 8187.00
  • Zoning: LARD1.5
  • Architectural Style: Modern
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 5404.00
  • Parcel Number: 2245005009
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Balcony, Cathedral Ceiling(s), Dry Bar, Living Room Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: Low Pile Carpeting
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: Three Or More
  • Price Per Square Foot: 322.02
  • Room Type: Kitchen, Living Room, Main Floor Master Bedroom, Master Bathroom

Exterior Features

  • Foundation: Raised
  • Other Structures: Storage
  • Exterior Features: Lighting
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Stucco

Garage/Parking

  • Garage Spaces: 16.00
  • Parking: Yes
  • Parking Features: Assigned, Auto Driveway Gate
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Common Area, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 3543.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Sprinklers In Front
  • Lot Size Sq Ft: 6747.00
  • Lot Size Acres: 0.1549

Rental Info

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

Multi Family

  • Average2 Bed Area: 1050 Square Feet
  • Electric Expense: 2044.00
  • Gross Income: 173616.00
  • Gross Multiplier: 15.70
  • Gross Operating Income: 173616.00
  • Gross Scheduled Income: 173616.00
  • Insurance Expense: 3569.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 600.00
  • Lot Size Area: 6747.0000 Square Feet
  • Net Operating Income: 116807.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Carpet: 8
  • Number With Dishwasher: 8
  • Number With Disposal: 8
  • Number With Drapes: 4
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Operating Expense: 56809.00
  • Operating Expense Percent: 33.00
  • Other Income Description: LAUNDRY
  • Rent Control: No
  • Total Actual Rent: 173016.00
  • Total Expenses: 56809.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 34062.00
  • Tax Census Tract: 1286.01
  • Tax Lot: 73
  • Tax Tract Number: 7909

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
04/21/2021 04/21/21 Sold $2,705,000 -0.7% $322 / Sq Ft
12/22/2020 12/22/20 Pending -- -- --
12/02/2020 12/02/20 Price Changed $2,725,000 -4.4% $324 / Sq Ft
09/28/2020 09/28/20 Price Changed $2,850,000 -5.0% $339 / Sq Ft
09/07/2020 09/07/20 For Sale $3,000,000 -- $357 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Rosanne Covy

    Skyhill Properties

    (818) 906-9738

    1 in this area

    6 Total Sales

    Rosanne Covy
    Section Image

  • T

    Buyer's Agent in 2021

    Tigran Arutunian

    Discovery Realty and Finance

    (818) 731-7180

    3 in this area

    20 Total Sales

    Tigran Arutunian
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20185775

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 91401

5821 Sylmar Ave, Los Angeles, 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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