NOT LISTED FOR SALE

6623 Fulton Ave van Nuys, CA 91401

Van Nuys Area
18 Beds
4 Baths
8,231 Sq Ft
9,357 Sq Ft Lot

Sale Details

Date Sold: April 10, 2013

Last sale price $2,422,000 $294 Per Sq Ft

69 Days on Market

Highlights

  • Central Heating
  • Laundry Facilities
  • 4-minute walk to Fulton Ave Park
  • Ulysses S. Grant Senior High School Rated A-

About This Home

As of April 2013

an opportunity to purchase two separate 10-unit apartment buildings located at 6617 & 6623 Fulton Avenue, in the City of Van Nuys, California, 91401.The property was built in 1963. The building itself is a two-story wood/frame & stucco structure with semi-subterranean car-port parking spaces which is ample for the project.The property is currently 100% occupied and has always enjoyed a history of high occupancy due to the fact that the rents are below current market level and the location provides itself to be a hi-density renter submarket with strong rental demand. The property is located in one of the strongest rental sub markets, just north of Victory and south of Vanowen, within walking distance to the Los Angeles Valley College, Ulysses S Grant High School, and conveniently near the Orange Metro Line and just minutes from the 170, 101, and 134 freeways.The property is listed at $2,600,000, and the economic indicators are as follows: 5.02% cap rate, $157.94 per square fo

Last Agent to Sell the Property

Arthur Arejian

Arthur Arejian, Broker License #01037335 Listed on: 12/04/2012

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 9,357 Sq Ft Lot

Interior Spaces

  • 8,231 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 4 Bathrooms

Parking

  • 14 Parking Spaces
  • Carport

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 2329-026-014

Community Details

Overview

  • 2 Buildings
  • 10 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

9,357 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 8231
  • Stories: 2
  • Year Built: 1963
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 18
  • Laundry: Community
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 315.88

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 14

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 360324
  • Assessed Land Value: 206399
  • Assessor Parcel Number: 2329-026-014
  • Lot Size Area: 9357

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 10.69
  • Number Of Units: 10
  • Type Of Units: APT

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000,000
Outstanding Balance
$426,303,157
Interest Rate
3.3%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 14, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,425,000
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 4, 2012
Closed on
Apr 2, 2013
Sold by
Bought by
Seller's Agent
Arthur Arejian
Arthur Arejian, Broker
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$2,600,000
Sold Price
$2,422,000
Premium/Discount to List
-$178,000
-6.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,680,000
Interest Rate
3.47%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Dec 4, 2012
Closed on
Apr 1, 2013
Sold by
Bought by
Seller's Agent
Arthur Arejian
Arthur Arejian, Broker
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$2,600,000
Sold Price
$2,422,000
Premium/Discount to List
-$178,000
-6.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,680,000
Interest Rate
3.47%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 20, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 14, 1995
Sold by
Bought by

Purchase Details

Closed on
Aug 1, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in van Nuys, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Fidelity National Title Co
$3,383,500 Fidelity Sherman Oaks
-- Accommodation
$2,422,000 Orange Coast Title Co
-- Orange Coast Title Co
-- Investors Title Company
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $492,000,000
Previous Owner $2,600,000
Previous Owner $2,425,000
Previous Owner $1,680,000
Previous Owner $30,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/10/2013 04/10/13 Sold $2,422,000 -6.8% $294 / Sq Ft
02/11/2013 02/11/13 Pending -- -- --
12/04/2012 12/04/12 For Sale $2,600,000 -- $316 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $25,219 $2,002,385 $899,682 $1,102,703
2024 $24,877 $1,963,124 $882,042 $1,081,082
2023 $24,409 $1,924,633 $864,748 $1,059,885
2022 $23,304 $1,886,896 $847,793 $1,039,103
2021 $22,990 $1,849,899 $831,170 $1,018,729
2020 $23,214 $1,830,932 $822,648 $1,008,284
2019 $22,320 $1,795,032 $806,518 $988,514
2018 $22,175 $1,759,836 $790,704 $969,132
2016 $21,115 $1,691,500 $760,000 $931,500
2015 $15,745 $1,240,801 $446,729 $794,072
2014 $15,854 $1,216,497 $437,979 $778,518
Source: Public Records

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Map

Source: The MLS

MLS Number: 12-640355

The MLS
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