NOT LISTED FOR SALE

6403 Densmore Ave van Nuys, CA 91406

Estimated Value: $831,000 - $1,040,000

4 Beds
4 Baths
1,555 Sq Ft
$589/Sq Ft Est. Value

Last Sold August 23, 2018

Last sale price $605,000 $389 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $5,496/month

76 Days on Market

Highlights

  • Corner Lot
  • Recessed Lighting
  • Storage
  • Granite Countertops
  • Laundry Room
  • Back and Front Yard

About This Home

As of August 2018

Welcome home to this Fantastic Duplex in Lake Balboa. The front yard is sprawling with curb appeal, drought tolerant artificial turf landscaping, huge parking area, rolling Iron Gate, driveway & detached garage which may possibly be turned into an Auxiliary dwelling unit. Each unit is two bedrooms & two bathrooms with private laundry rooms in each. The vacant unit in front features a living room with fresh paint, laminate flooring, recessed lighting and bright dual pane windows all around. The Kitchen features tile flooring, granite tile counter tops, stainless steel range stove & connects to the laundry room. The main bathroom and powder room feature new tile flooring, new vanities, shower in bath tub in the full bath & fresh paint. The second unit is tenant occupied currently and mirrors the first unit. The long driveway leads to the private back yard area where you can entertain guests & access the detached two car garage.

Last Agent to Sell the Property

Steve Nakachian

Pinnacle Estate Properties License #01878875 Listed on: 04/26/2018

Pinnacle Estate Properties

Last Buyer's Agent

Steve Nakachian

Pinnacle Estate Properties License #01878875 Listed on: 04/26/2018

Pinnacle Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,124 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • Interior Block Wall
  • Partial Copper Plumbing

Interior Spaces

  • 1,555 Sq Ft Home
  • Recessed Lighting
  • Storage

Kitchen

  • Gas Range
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 102
  • Tax Tract Number 1276
  • Assessor Parcel Number 2233007017

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $669
  • Water Sewer Expense $2,400
  • New Taxes Expense $9,063
  • Operating Expense $12,132
  • Gross Income $43,200
  • Net Operating Income $31,077

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

6,124 Sq Ft Lot

Parking

2

Listing Details

  • CapRate: 4.28
  • Property Attached: No
  • Water Sewer Expenses: 2400.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 2233007017
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Block Walls, Copper Plumbing Partial, Granite Counters, Recessed Lighting, Storage
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 389.07

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Appliances: Gas Range
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard
  • Lot Size Sq Ft: 6124.00

Multi Family

  • Gross Income: 43200.00
  • Gross Multiplier: 16.78
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 669.00
  • Net Operating Income: 31077.00
  • 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: 12132.00
  • Rent Control: Yes
  • Total Expenses: 12132.00

Tax Info

  • New Taxes Expense: 9062.50
  • Tax Census Tract: 1276.06
  • Tax Lot: 102
  • Tax Tract Number: 1276.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2022
Sold by
Nazaretian Leon and Nazaretian Silva
Bought by
Pacific Global Properties Llc
Current Estimated Value
$915,360

Purchase Details

Listed on
Apr 26, 2018
Closed on
Sep 6, 2018
Sold by
Nazaretian Leon and Nazaretian Silva
Bought by
Pacific Global Properties Llc
Seller's Agent
Steve Nakachian
Pinnacle Estate Properties
Buyer's Agent
Steve Nakachian
Pinnacle Estate Properties
List Price
$750,000
Sold Price
$605,000
Premium/Discount to List
-$145,000
-19.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.69%
Original Mortgage
$450,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 26, 2018
Closed on
Jul 12, 2018
Sold by
Mikaelian Vanis
Bought by
Nazaretian Leon and Nazaretian Silva
Seller's Agent
Steve Nakachian
Pinnacle Estate Properties
Buyer's Agent
Steve Nakachian
Pinnacle Estate Properties
List Price
$750,000
Sold Price
$605,000
Premium/Discount to List
-$145,000
-19.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2014
Sold by
Ekmekjian Rosette
Bought by
Mikaelian Vanis

Purchase Details

Closed on
Nov 20, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Ekmekjian Rosette

Purchase Details

Closed on
Oct 14, 2013
Sold by
Ekmekjian Vahe
Bought by
Ekmekjian Rosette

Purchase Details

Closed on
Mar 11, 2013
Sold by
Alvarenga Ana Maria
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jan 18, 2010
Sold by
Zepeda David and The Jace & Megan Loper & Steve
Bought by
Zepeda David and The Robert & Janis Mann & Fran

Purchase Details

Closed on
Jan 5, 2010
Sold by
Albarenga Ana Maria
Bought by
Zepeda David and The Steve & Amanda Chung & Kev

Purchase Details

Closed on
Sep 3, 2003
Sold by
Zelaya Leda
Bought by
Alvarenga Ana Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 2003
Sold by
Ferrufino Carlos A
Bought by
Zelaya Leda

Purchase Details

Closed on
Oct 30, 2002
Sold by
Zelaya Leda H
Bought by
Ferrufino Carlos A and Zelaya Leda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.99%

Purchase Details

Closed on
Nov 2, 1998
Sold by
Venture Investment Properties Llc Strate
Bought by
Zelaya Leda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,583
Interest Rate
6.69%
Mortgage Type
FHA

Purchase Details

Closed on
May 7, 1998
Sold by
Carter Mary
Bought by
Venture Investment Properties Llc

Purchase Details

Closed on
Jun 18, 1997
Sold by
Trust Graynor Hazel P Tr Hazel P Graynor
Bought by
Carter Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,200
Interest Rate
10.75%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pacific Global Properties Llc -- None Listed On Document
Pacific Global Properties Llc -- None Available
Nazaretian Leon $605,000 Priority Title
Mikaelian Vanis -- Priority Title
Mikaelian Vanis -- None Available
Ekmekjian Rosette $450,000 Pacific Coast Title Company
Ekmekjian Rosette -- Pacific Coast Title Company
Federal Home Loan Mortgage Corporation $325,000 Accommodation
Zepeda David -- None Available
Zepeda David -- None Available
Zepeda David -- None Available
Alvarenga Ana Maria $360,000 Chicago Title Co
Zelaya Leda -- Chicago Title Co
Ferrufino Carlos A -- American Title
Zelaya Leda M $164,000 American Title Co
Venture Investment Properties Llc $106,250 Old Republic Title Company
Carter Mary $138,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nazaretian Leon $450,000
Previous Owner Alvarenga Ana Maria $357,000
Previous Owner Ferrufino Carlos A $160,000
Previous Owner Zelaya Leda M $160,583
Previous Owner Carter Mary $124,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2018 08/23/18 Sold $605,000 -19.3% $389 / Sq Ft
07/11/2018 07/11/18 Pending -- -- --
04/26/2018 04/26/18 For Sale $750,000 -- $482 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,374 $772,854 $426,477 $346,377
2024 $9,374 $757,701 $418,115 $339,586
2023 $9,194 $742,845 $409,917 $332,928
2022 $8,766 $728,280 $401,880 $326,400
2021 $7,594 $623,493 $345,240 $278,253
2020 $7,669 $617,100 $341,700 $275,400
2019 $7,368 $605,000 $335,000 $270,000
2018 $6,058 $491,161 $274,628 $216,533
2017 $5,841 $481,532 $269,244 $212,288
2016 $5,700 $472,091 $263,965 $208,126
2015 $5,616 $465,000 $260,000 $205,000
2014 -- $450,000 $250,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18097309

California Regional Multiple Listing Service (CRMLS)

APN: 2233-007-017

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