NOT LISTED FOR SALE
13 Beds
13 Baths
8,488 Sq Ft
9,518 Sq Ft Lot

Last Sold March 30, 2018

Last sale price $1,720,000 $203 Per Sq Ft

231 Days on Market

About This Home

As of March 2018

Opportunity is knocking!!! First time on the market since 1972 by a retired couple. In the Heart of North Hollywood walking distance to NOHO district. Very well maintained 10 Units Apartment Building offers 2 units that are 3 bedrooms and 2 bathrooms, 1 unit is 2 bedrooms and 2 bathrooms, 5 units that are 1 bedroom and 1 bathroom and 2 that are studios/singles. Each unit has separate electric and gas meter, owner operator coin laundry with two washers and dryers for the convenience of the tenants, brand new commercial water heater. In spite it being a rent control property it has very good annual income $99036.00 and has the potential to go up to $178,200, the building is located across the street from the elementary school, very close to Metro line, NOHO District, Burbank and Glendale Malls and 101, 134 and 170 freeways. All the units are occupied, fully upgraded, have wood floors, well maintained and well kept. Buyer to use his/her due diligence and verify accuracy of the information provided.

Last Agent to Sell the Property

Gloria Rasidakis

Coldwell Banker Exclusive License #01495836 Listed on: 05/10/2017

Coldwell Banker Exclusive

Co-Listed By

Balbir Arora

Arora Realty License #01764077

Last Buyer's Agent

Gloria Rasidakis

Coldwell Banker Exclusive License #01495836 Listed on: 05/10/2017

Coldwell Banker Exclusive

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 9,518 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Interior Spaces

  • 8,488 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 13 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 10 Parking Spaces
  • 5 Carport Spaces

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 118
  • Assessor Parcel Number 2414004016

Community Details

Overview

  • 10 Units
  • Valley

Building Details

  • 10 Leased Units
  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • Electric Expense $4,680
  • Gardener Expense $1,200
  • Insurance Expense $4,200
  • Maintenance Expense $4,500
  • Pest Control $480
  • Professional Management Expense $4,200
  • Trash Expense $2,676
  • Water Sewer Expense $2,520
  • New Taxes Expense $24,375
  • Operating Expense $24,456
  • Gross Income $104,476
  • Net Operating Income $77,520

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Other Phone Description: Balbir
  • Other Phone Number: 818-235-7713
  • Professional Management Expense: 4200.00
  • Property Attached: No
  • Water Sewer Expenses: 2520.00
  • Zoning: LARD1.5
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 2414004016
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 202.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 5.00

Utilities

  • Pest Control Expense: 480.00
  • Sewer: Public Sewer
  • Trash Expense: 2676.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 9518.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 4680.00
  • Gross Income: 104476.00
  • Gross Scheduled Income: 101976.00
  • Insurance Expense: 4200.00
  • Laundry Income: 2500.00
  • Maintenance Expense: 4500.00
  • Net Operating Income: 77520.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Number Wall A C: 10
  • Number With Range: 10
  • Operating Expense: 24456.00
  • Rent Control: Yes
  • Total Actual Rent: 101976.00
  • Total Expenses: 24456.00

Tax Info

  • New Taxes Expense: 24375.00
  • Tax Census Tract: 1231.04
  • Tax Lot: 118

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
03/30/2018 03/30/18 Sold $1,720,000 -11.8% $203 / Sq Ft
12/27/2017 12/27/17 Pending -- -- --
05/10/2017 05/10/17 For Sale $1,950,000 -- $230 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17104927

California Regional Multiple Listing Service (CRMLS)