NOT LISTED FOR SALE

5919 Cedros Ave van Nuys, CA 91411

Estimated Value: $1,019,000 - $1,208,000

4 Beds
2 Baths
1,835 Sq Ft
$605/Sq Ft Est. Value

Last Sold April 09, 2021

Last sale price $900,000 $490 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,794/month

240 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Tile Countertops
  • Kester Avenue Elementary School Rated A
  • Double Pane Windows
  • Living Room

About This Home

As of April 2021

Welcome to this charming duplex in north Sherman Oaks. The property is located on a nice tree lined street surrounded by small units and single family homes in the immediate neighborhood. Each unit consists of two bedrooms and a bathroom. Both units were totally remodeled on the inside in 2013 with brand new interior paint, cabinetry, counter tops and appliances in the kitchen. The bath rooms were updated. The wood floors were refinished and new vinyl flooring was installed in the kitchen, bath and laundry room. There are new windows all around and each unit has central air and heat. The composition roof is in good shape. There is a detached two car garage that belongs to one unit plus 2 exterior parking spaces outside the garage. The second tenants also park in the spacious rear yard outside the garage area. The front unit has a beautiful landscaped yard with high hedges for privacy. The tenants are each on month to month leases with below market rent. The large lot allows for an additional unit to be built on the property, buyer to verify. The rent has not been raised due to Covid 19, so each unit is due for a rent increase when city laws allow. Both tenants have paid the rent on time. This is a well kept property in a great neighborhood that is priced to sell as a great investment property or as an owner user where the buyer could reside in one unit and collect income from the other rental unit.

Last Agent to Sell the Property

Dan Drantch

Rodeo Realty License #00900188 Listed on: 07/13/2020

Rodeo Realty

Last Buyer's Agent

Mario Acosta

Berkshire Hathaway HomeServices California Properties License #01328908

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,805 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Rectangular Lot
  • Level Lot

Parking

  • 3 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 1,835 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Double Pane Windows
  • Blinds
  • Living Room

Kitchen

  • Gas Oven
  • Built-In Range
  • Range Hood
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 101
  • Tax Tract Number 21677
  • Assessor Parcel Number 2244009015

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,080
  • Insurance Expense $1,989
  • Maintenance Expense $200
  • Other Expense $136
  • Pest Control $468
  • Water Sewer Expense $1,369
  • New Taxes Expense $10,557
  • Operating Expense $15,799
  • Gross Income $46,164
  • Net Operating Income $30,365

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • CapRate: 3.38
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1369.00
  • Zoning: LARD2
  • Architectural Style: Traditional
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 2244009015
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Recessed Lighting, Tile Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 490.46
  • Room Type: Kitchen, Laundry, Living Room
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Gas Oven, Gas Range, Range Hood, Refrigerator, Water Heater
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Pest Control Expense: 468.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 6500-9999, Rectangular Lot, Level
  • Lot Size Sq Ft: 6805.00
  • Lot Size Acres: 0.1562

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 46164.00
  • Gross Multiplier: 19.47
  • Gross Operating Income: 46164.00
  • Gross Scheduled Income: 46164.00
  • Insurance Expense: 1989.00
  • Lot Size Area: 6805.0000 Square Feet
  • Maintenance Expense: 200.00
  • Net Operating Income: 30365.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 15799.00
  • Other Expense: 136.00
  • Other Expense Description: City Fee
  • Rent Control: Yes
  • Total Expenses: 15799.00

Tax Info

  • New Taxes Expense: 10557.00
  • Tax Census Tract: 1284.00
  • Tax Lot: 101
  • Tax Tract Number: 21677

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2022
Sold by
John Wescott
Bought by
John Wescott Living Trust
Current Estimated Value
$1,110,580

Purchase Details

Closed on
May 16, 2018
Sold by
Rudnick Arnold
Bought by
Rudnick Arnold H and Rudnick Kathryn B

Purchase Details

Listed on
Oct 22, 2012
Closed on
Feb 24, 2013
Sold by
Hernandez Maria
Bought by
Rudnick Arnold and Rudnick Kathryn
Seller's Agent
Luz Bago
Litenew Realty
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$500,000
Sold Price
$450,000
Premium/Discount to List
-$50,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%
Original Mortgage
$315,000
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 22, 2012
Closed on
Feb 12, 2013
Sold by
Hernandez Claudia A
Bought by
Hernandez Maria
Seller's Agent
Luz Bago
Litenew Realty
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$500,000
Sold Price
$450,000
Premium/Discount to List
-$50,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2007
Sold by
Hernandez Maria
Bought by
Hernandez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,000
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 2005
Sold by
Hernandez Jose A and Hernandez Claudia A
Bought by
Hernandez Maria

Purchase Details

Closed on
Apr 3, 2003
Sold by
Romero Jose R and Hernandez Maria R
Bought by
Hernandez Jose A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,024
Interest Rate
5.6%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 18, 1995
Sold by
Bulko Jack S
Bought by
Romero Jose R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,448
Interest Rate
7.8%
Mortgage Type
FHA

Purchase Details

Closed on
May 2, 1995
Sold by
Bulko Barbara
Bought by
Bulko Jack S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
John Wescott Living Trust -- La Law Center Pc
Wescott John -- La Law Center Pc
Rudnick Arnold H -- None Available
Rudnick Arnold $450,000 Chicago Title Company
Hernandez Maria -- Chicago Title Company
Hernandez Maria -- Accommodation
Hernandez Claudia A -- Accommodation
Hernandez Maria -- Lawyers Title
Hernandez Maria -- Fidelity Van Nuys
Hernandez Jose A -- Gateway Title Company
Romero Jose R $185,000 Southland Title Corporation
Bulko Jack S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rudnick Arnold $315,000
Previous Owner Hernandez Maria $317,000
Previous Owner Hernandez Jose A $208,024
Previous Owner Romero Jose R $179,448
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/09/2021 04/09/21 Sold $900,000 +0.1% $490 / Sq Ft
07/13/2020 07/13/20 For Sale $899,000 +99.8% $490 / Sq Ft
03/06/2013 03/06/13 Sold $450,000 -10.0% $245 / Sq Ft View Prior Sale
01/07/2013 01/07/13 Pending -- -- --
10/22/2012 10/22/12 For Sale $500,000 -- $272 / 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 $11,829 $974,187 $584,513 $389,674
2024 $11,829 $955,086 $573,052 $382,034
2023 $11,602 $936,360 $561,816 $374,544
2022 $11,064 $918,000 $550,800 $367,200
2021 $6,367 $511,935 $386,798 $125,137
2020 $6,428 $506,686 $382,832 $123,854
2019 $6,181 $496,752 $375,326 $121,426
2018 $6,031 $487,013 $367,967 $119,046
2016 $5,754 $468,103 $353,679 $114,424
2015 $5,671 $461,073 $348,367 $112,706
2014 $5,700 $452,042 $341,543 $110,499
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20134087

California Regional Multiple Listing Service (CRMLS)

APN: 2244-009-015