NOT LISTED FOR SALE

5939 Cedros Ave van Nuys, CA 91411

Van Nuys Area
Studio
8 Baths
2,947 Sq Ft
6,852 Sq Ft Lot

Sale Details

Date Sold: January 27, 2016

Last sale price $875,000 $297 Per Sq Ft

239 Days on Market

About This Home

As of January 2016

Great Investment opportunity, nice rental area. Property located close to Sherman Oak and Fwy. No differed maintenance. Property consist of all Studio-1 bath units. Write all offers subject to interior inspection, Please do not disturb tenants. Buyer to cooperate with Seller 1031 exchange at no cost to the Buyer.

Last Agent to Sell the Property

Charles McMillan

Charles McMillan License #01155797 Listed on: 02/25/2015

Last Buyer's Agent

Charles McMillan

Charles McMillan License #01155797 Listed on: 02/25/2015

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,852

Interior Spaces

  • 8 Bathrooms
  • 2,947 Sq Ft Home
  • 2-Story Property

Parking

  • 6 Parking Spaces
  • Uncovered Parking

Additional Features

  • 6,852 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 2244-009-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

6,852 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2947
  • Stories: 2
  • Year Built: 1958
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8.00
  • Price Per S Q F T: 313.88

Exterior Features

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

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 6

Utilities

  • Heating: Wall
  • Water Expense: 303.00

Fee Information

  • Insurance Expense: 125.00
  • Maintenance Expense: 100.00
  • Trash Expense: 118.00

Lot Info

  • Assessed Improvement Value: 307182
  • Assessed Land Value: 236292
  • Assessor Parcel Number: 2244-009-019
  • Geocode Override: No
  • Lot Size Area: 6852

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 14.34
  • Number Of Units: 8
  • Type Of Units: 8-Units

Tax Info

  • Tax Expense: 1145.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2021
Sold by
Bought by

Purchase Details

Listed on
Feb 25, 2015
Closed on
Jan 14, 2016
Sold by
Bought by
Seller's Agent
Charles McMillan
Charles McMillan
Buyer's Agent
Charles McMillan
Charles McMillan
List Price
$1,099,900
Sold Price
$875,000
Premium/Discount to List
-$224,900
-20.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,500
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 25, 2015
Closed on
Jan 11, 2016
Sold by
Bought by
Seller's Agent
Charles McMillan
Charles McMillan
Buyer's Agent
Charles McMillan
Charles McMillan
List Price
$1,099,900
Sold Price
$875,000
Premium/Discount to List
-$224,900
-20.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,500
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 16, 2010
Sold by
Bought by

Purchase Details

Closed on
Jan 29, 2009
Sold by
Bought by

Purchase Details

Closed on
May 22, 2003
Sold by
Bought by

Purchase Details

Closed on
Jul 26, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
6.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 15, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
7.19%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in van Nuys, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- North American Title
-- Lawyers Title
-- Lawyers Title
$875,000 Lawyers Title
-- None Available
-- None Available
-- --
$460,000 Lawyers Title
$310,000 First American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $980,000
Previous Owner $612,500
Previous Owner $387,000
Previous Owner $345,000
Previous Owner $217,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/27/2016 01/27/16 Sold $875,000 -20.4% $297 / Sq Ft
10/22/2015 10/22/15 Pending -- -- --
02/25/2015 02/25/15 For Sale $1,099,900 -- $373 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,038 $1,183,790 $769,465 $414,325
2024 $14,832 $1,160,579 $754,378 $406,201
2023 $14,555 $1,137,824 $739,587 $398,237
2022 $13,902 $1,115,515 $725,086 $390,429
2021 $13,731 $1,093,643 $710,869 $382,774
2019 $13,336 $1,063,207 $689,785 $373,422
2018 $13,231 $1,042,400 $676,260 $366,140
2016 $7,402 $562,785 $244,688 $318,097
2015 $7,302 $554,332 $241,013 $313,319
2014 $7,377 $543,474 $236,292 $307,182
Source: Public Records

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Map

Source: The MLS

MLS Number: 15-882627

The MLS
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