6118 Ethel Ave van Nuys, CA 91401
Valley Glen NeighborhoodEstimated payment $14,410/month
Highlights
- Detached Guest House
- 0.39 Acre Lot
- Property is near a park
- Ulysses S. Grant Senior High School Rated A-
- Open Floorplan
- High Ceiling
About This Home
Explore this stunning TRIPLEX nestled in the best area of Valley Glen. Each unit offers its own charm, featuring a family room, dining area, high ceilings, recessed lighting, laminate floorings, laundry facilities. The 4 bedrooms 2 baths remodeled main house and 2 new ADU's is one of the few new constructions' properties that will be delivered fully rented!! Avoid the stress of buying an income property and leasing up all the units yourself..... Instead, inherit a smoothly running ultra-high rent property with great tenants! 6118 Ethel Ave. is made up 4 bedrooms 2 bathrooms features unbeatable floorplan with large, tenant friendly kitchen and living room but not limited to quality modern cabinets, Islands, high ceilings. 2 ADU'S (Accessory Dwelling Unit) offers 3 bedrooms 3 bathrooms within 1200 sqft., With Its Own private entrance and spacious backyard, all bedrooms have its own full bath, providing unapparelled flexibility for savvy investor seeking rental income or multi-generational living solution. The end unit is 6120 Ethel Ave. Don't miss out on this exceptional opportunity to acquire investment property with endless potential. Schedule your showing today and unlock the full value of this remarkable asset.
Listing Agent
Pinnacle Estate Properties, Inc. Brokerage Phone: 818-613-3829 License #01766116 Listed on: 12/02/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,074
Year Built
- Built in 1940
Lot Details
- 0.39 Acre Lot
- No Common Walls
- Security Fence
- Privacy Fence
- Vinyl Fence
- Fence is in excellent condition
- Irregular Lot
- Back and Front Yard
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 3,672 Sq Ft Home
- 1-Story Property
- Open Floorplan
- High Ceiling
- Ceiling Fan
- Recessed Lighting
- Family Room
- Laminate Flooring
- Laundry Room
Kitchen
- Gas Oven
- Gas Range
Bedrooms and Bathrooms
- 10 Bedrooms
- Walk-In Closet
- 9 Bathrooms
Location
- Property is near a park
- Property is near public transit
Additional Features
- Exterior Lighting
- Detached Guest House
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 12094
- Assessor Parcel Number 2331018016
- $445 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 3 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $6,000
- Insurance Expense $4,241
- Water Sewer Expense $3,557
- Operating Expense $13,798
- Gross Income $163,200
- Net Operating Income $149,402
Map
Home Values in the Area
Average Home Value in this Area
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 | $13,074 | $1,073,691 | $751,584 | $322,107 |
| 2024 | $13,074 | $1,052,640 | $736,848 | $315,792 |
| 2023 | $11,364 | $910,350 | $546,210 | $364,140 |
| 2022 | $10,842 | $892,500 | $535,500 | $357,000 |
| 2021 | $10,713 | $875,000 | $525,000 | $350,000 |
| 2020 | $1,297 | $79,525 | $37,184 | $42,341 |
| 2019 | $1,261 | $77,966 | $36,455 | $41,511 |
| 2018 | $1,122 | $76,439 | $35,741 | $40,698 |
| 2016 | $1,061 | $73,472 | $34,354 | $39,118 |
| 2015 | $1,048 | $72,369 | $33,838 | $38,531 |
| 2014 | $1,065 | $70,953 | $33,176 | $37,777 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/12/2025 09/12/25 | Price Changed | $2,500,000 | +9.4% | $681 / Sq Ft |
| 04/22/2025 04/22/25 | Price Changed | $2,285,000 | -0.4% | $622 / Sq Ft |
| 12/02/2024 12/02/24 | For Sale | $2,295,000 | +162.3% | $625 / Sq Ft |
| 09/25/2020 09/25/20 | Sold | $875,000 | +12.9% | $688 / Sq Ft |
| 08/23/2020 08/23/20 | For Sale | $775,000 | -11.4% | $609 / Sq Ft |
| 08/21/2020 08/21/20 | Pending | -- | -- | -- |
| 08/19/2020 08/19/20 | Off Market | $875,000 | -- | -- |
| 08/16/2020 08/16/20 | For Sale | $775,000 | -- | $609 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Stewart Title Company | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Grant Deed | $875,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,307,500 | New Conventional | |
| Open | $4,420,000 | Commercial | |
| Closed | $568,000 | New Conventional | |
| Previous Owner | $153,000 | Fannie Mae Freddie Mac |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR24241952
APN: 2331-018-016
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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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