NOT LISTED FOR SALE

6417 Montgomery Ave Los Angeles, CA 91406

Van Nuys Neighborhood
11 Beds
9 Baths
7,316 Sq Ft
7,197 Sq Ft Lot

Last Sold November 19, 2021

Last sale price $1,790,000 $245 Per Sq Ft

88 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Laundry Room
  • Fireplace
  • Park
  • Heating Available

About This Home

As of November 2021

Mostly updated & oversized units in a very desirable, predominantly single family homes, West Van Nuys(Lake Balboa) neighborhood with plenty of street parking too. Well-located in the heart of the S.F Valley and close to job centers, public transportation & shopping areas. Very close to 405 Frwy to the East, public parks, lake, and golf course too. 100% occupied, with historically high occupancy rates and below market rents that offers upside rent potential for additional income.
Soft story retrofit to protect against E/Q mandated by the City of Los Angeles already completed to code and with permits and fully paid for by Seller.
All showings upon accepted offer only. Please do NOT disturb tenants who are not aware of sale. Buyer to cooperate with Seller in a 1031 Exchange at no cost to Buyer.

Last Agent to Sell the Property

Kris Armand

Foresight Rlty & Inv. License #00775942 Listed on: 06/10/2021

Last Buyer's Agent

Kris Armand

Foresight Rlty & Inv. License #00775942 Listed on: 06/10/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,197 Sq Ft Lot
  • No Common Walls

Parking

  • 7 Car Garage

Interior Spaces

  • 7,316 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 41
  • Tax Tract Number 12712
  • Assessor Parcel Number 2233024012

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,800
  • Gardener Expense $1,200
  • Insurance Expense $3,180
  • Trash Expense $1,400
  • Water Sewer Expense $1,600
  • Operating Expense $43,596
  • Gross Income $128,400
  • Net Operating Income $84,804

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

7

Listing Details

  • Other Phone Description: 818-343-3300
  • Other Phone Number: 818-343-3300
  • Price Per Unit: 282142
  • Property Attached: No
  • Water Sewer Expenses: 1600.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 2233024012
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 244.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1400.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7197.00
  • Lot Size Acres: 0.1652

Multi Family

  • Electric Expense: 4800.00
  • Gross Income: 128400.00
  • Gross Scheduled Income: 128400.00
  • Insurance Expense: 3180.00
  • Lot Size Area: 7197.0000 Square Feet
  • Net Operating Income: 84804.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 43596.00
  • Rent Control: Yes
  • Total Expenses: 43596.00

Tax Info

  • Tax Census Tract: 1276.05
  • Tax Lot: 41
  • Tax Tract Number: 12712

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2021 11/19/21 Sold $1,790,000 -4.5% $245 / Sq Ft
09/06/2021 09/06/21 Pending -- -- --
07/30/2021 07/30/21 Price Changed $1,875,000 -5.1% $256 / Sq Ft
06/10/2021 06/10/21 For Sale $1,975,000 -- $270 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kris Armand

    Seller's Agent in 2021

    Kris Armand

    Foresight Rlty & Inv.

    (818) 340-8100

    2 in this area

    7 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21126284

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 91406 Van Nuys

6417 Montgomery Ave, Los Angeles, CA

This home is located at 6417 Montgomery Ave, Los Angeles, CA 91406 since 10 June 2021. This property was built in 1963. 6417 Montgomery Ave is a home located in Los Angeles County with nearby schools including Bassett Street Elementary, William Mulholland Middle, and Magnolia Science Academy 2.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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