Seller's Agent in 2024
Dana Brody
Dana Brody
(310) 849-8151
1 in this area
28 Total Sales
6319 Cedros Ave van Nuys, CA 91411
Estimated Value: $965,000 - $1,138,512
6
Beds
4
Baths
2,760
Sq Ft
$384/Sq Ft
Est. Value
Highlights
- Central Heating and Cooling System
- Gated Home
- 1-Story Property
- Van Nuys High School Rated A
- South Facing Home
About This Home
As of June 2024We are very pleased to exclusively offer for purchase Friar House, a rare side by side duplex featuring two 3 bedroom, 2 bath units totaling 2,760 square feet, boasting an average of 1,380 square feet per unit that will be delivered 100% vacant. Situated on a 6,249 square foot corner lot zoned R3, the units feature central air and heat, washer/dryer hookups, 3 bedrooms, 2 bathrooms and will be delivered vacant and ready to be rented as is or remodeled to achieve market rents. Built in 1945, the units have a lot of original charm like crown and base moulding but also updates which include new windows, copper plumbing and updated electrical. Market rents for updated and new construction units top well over $3 per foot in the area, which means once remodeled these 3+2 units could easily garner $4,000 per unit. Once remodeled and re-leased at market rents, the property offers a 6.2% cap rate and a 10 GRM. In addition to the remodeling option, there may be re-development potential as the lot is 6,249 square feet zoned R3 which "by right" allows 7 units. Don't miss this amazing remodel opportunity that is 100% vacant and ready to be re-imagined right away by a new owner!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1945
Lot Details
- 6,251 Sq Ft Lot
- South Facing Home
- Gated Home
Home Design
- Cosmetic Repairs Needed
Interior Spaces
- 2,760 Sq Ft Home
- 1-Story Property
- Laminate Flooring
- Gas Dryer Hookup
Kitchen
- Oven or Range
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Parking
- 4 Parking Spaces
- Uncovered Parking
Utilities
- Central Heating and Cooling System
- Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Tenant pays for gas, electricity
- The owner pays for gardener
- Assessor Parcel Number 2241-007-001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 13, 2024
Closed on
Jun 18, 2024
Sold by
San Fernando Valley Community Mental Hea
Bought by
Kyaw Htet-Wah Family Trust and Wah
Seller's Agent
Dana Brody
Dana Brody
Buyer's Agent
Masoud Mohammadi
Coldwell Banker Platinum Prop
List Price
$999,000
Sold Price
$940,000
Premium/Discount to List
-$59,000
-5.91%
Views
18
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,878
Avg. Annual Appreciation
7.78%
Original Mortgage
$220,000
Outstanding Balance
$217,230
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$841,648
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kyaw Htet-Wah Family Trust | $940,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kyaw Htet-Wah Family Trust | $220,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/26/2024 06/26/24 | Sold | $940,000 | -5.9% | $341 / Sq Ft |
| 06/14/2024 06/14/24 | Pending | -- | -- | -- |
| 05/13/2024 05/13/24 | For Sale | $999,000 | -- | $362 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $3,526 | $958,800 | $575,280 | $383,520 |
| 2024 | $3,526 | $257,440 | $100,205 | $157,235 |
| 2023 | $3,465 | $252,393 | $98,241 | $154,152 |
| 2022 | $3,315 | $247,445 | $96,315 | $151,130 |
| 2021 | $3,261 | $242,594 | $94,427 | $148,167 |
| 2019 | $3,287 | $235,400 | $91,627 | $143,773 |
| 2018 | $3,080 | $230,785 | $89,831 | $140,954 |
| 2016 | $275 | $221,826 | $86,344 | $135,482 |
| 2015 | $275 | $218,495 | $85,048 | $133,447 |
| 2014 | $291 | $214,216 | $83,383 | $130,833 |
Source: Public Records
Agents Affiliated with this Home
-
Dana Brody
-
Masoud Mohammadi
Buyer's Agent in 2024
Masoud Mohammadi
Coldwell Banker Platinum Prop
(949) 552-0505
1 in this area
29 Total Sales
Map
Source: The MLS
MLS Number: 24-390557
APN: 2241-007-001
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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