NOT LISTED FOR SALE

6716 Cedros Ave Los Angeles, CA 91405

Van Nuys Neighborhood

Estimated Value: $1,090,000 - $1,489,000

6 Beds
4 Baths
2,600 Sq Ft
$503/Sq Ft Est. Value

Last Sold June 22, 2018

Last sale price $925,000 $356 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $7,562/month

31 Days on Market

Highlights

  • Primary Bedroom Suite
  • Laundry Room
  • Family Room
  • Van Nuys High School Rated A
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of June 2018

Two Houses on One Lot! Remodeled and expanded all the way to the studs with permits. Beautiful stamped concrete driveway pave the way for this exciting new Van Nuys property. 6718 is a 4 Bed and 2 Bath, 1,600 SQFT. With a new custom kitchen with stainless steel appliances. Open floor plan with dining and living area. Master suite has double sink in bathroom and is spacious with doors leading to backyard. And a beautiful front deck. 6716 is a 2 Bed and 2 Bath, 1,000 SQFT. Has its own kitchen, living area, and master suite. Both units are HDMI ready, recessed lighting throughout. Each unit has its own separate electrical meter. The water meter has a sub-meter for second unit. Master baths in both units have beautiful, extensive tile work. Additional features included for each unit: Energy saving cool roof, tankless water heaters, new copper piping, air conditioning units, and gated entry with an electric gate. Beautiful landscaping in the backyard make for the perfect, private area. This two houses on one lot is perfect for large families or those looking for additional renting opportunities.

Last Agent to Sell the Property

Abraham Cohen

Equity Union License #01019227 Listed on: 03/29/2018

Equity Union

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,623

Year Built

  • Built in 1939

Lot Details

  • 7,963 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Interior Spaces

  • 2,600 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Laminate Flooring
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom Suite
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 2236007018

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • New Taxes Expense $12,250
  • Operating Expense $13,750
  • Gross Income $72,000
  • Net Operating Income $58,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,623

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Other Phone Description: 8186132667
  • Property Attached: No
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 2236007018
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 355.77
  • Room Type: Family Room, Kitchen, Laundry, Master Suite

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Microwave
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7963.00

Multi Family

  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 58250.00
  • 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: 13750.00
  • Rent Control: No
  • Total Expenses: 13750.00

Tax Info

  • New Taxes Expense: 12250.00
  • Tax Census Tract: 1278.05
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2018
Closed on
Jun 6, 2018
Sold by
Arakelian Arman
Bought by
Arakelian Siranush
Seller's Agent
Abraham Cohen
Equity Union
List Price
$980,000
Sold Price
$925,000
Premium/Discount to List
-$55,000
-5.61%
Current Estimated Value
$1,226,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,786
Avg. Annual Appreciation
4.96%
Original Mortgage
$627,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 29, 2018
Closed on
May 2, 2018
Sold by
Ribak Tamir
Bought by
Arakelian Siranush
Seller's Agent
Abraham Cohen
Equity Union
List Price
$980,000
Sold Price
$925,000
Premium/Discount to List
-$55,000
-5.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$627,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2017
Sold by
Arpaia Anthony James
Bought by
Ribak Tamir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.91%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 29, 1997
Sold by
Eimers Antoinette Maria and The Arpaia Trust
Bought by
Arpaia Legacy Partners

Purchase Details

Closed on
Aug 21, 1995
Sold by
Arpaia Frank J and Arpaia Catherine
Bought by
Arpaia Frank J
Source: Public Records

Range of Values:

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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
Arakelian Siranush -- Fidelity National Title
Arakelian Siranush $925,000 Fidelity National Title
Ribak Tamir $385,000 Provident Title Company
Ribak Tamir -- Provident Title Company
Arpaia Legacy Partners -- --
Arpaia Frank J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arakelian Siranush $635,500
Previous Owner Arakelian Siranush $627,500
Previous Owner Ribak Tamir $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2018 06/22/18 Sold $925,000 -5.6% $356 / Sq Ft
04/29/2018 04/29/18 Pending -- -- --
03/29/2018 03/29/18 For Sale $980,000 -- $377 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $12,623 $1,052,487 $796,478 $256,009
2024 $12,623 $1,031,851 $780,861 $250,990
2023 $12,377 $1,011,619 $765,550 $246,069
2022 $11,797 $991,785 $750,540 $241,245
2021 $11,653 $972,339 $735,824 $236,515
2019 $11,302 $943,500 $714,000 $229,500
2018 $4,859 $392,700 $314,160 $78,540
2016 $1,655 $126,861 $48,117 $78,744
2015 $1,632 $124,957 $47,395 $77,562
2014 $1,648 $122,510 $46,467 $76,043
Source: Public Records

Agents Affiliated with this Home

  • Abraham Cohen

    Seller's Agent in 2018

    Abraham Cohen

    Equity Union

    (818) 613-2667

    16 in this area

    71 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18071337

California Regional Multiple Listing Service (CRMLS)

APN: 2236-007-018

California Los Angeles County Los Angeles 91405 Van Nuys

6716 Cedros Ave, Los Angeles, CA

This home is located at 6716 Cedros Ave, Los Angeles, CA 91405 since 29 March 2018 and is currently estimated at $1,306,758, approximately $502 per square foot. This property was built in 1939. 6716 Cedros Ave is a home located in Los Angeles County with nearby schools including Andres and Maria Cardenas Elementary, Van Nuys High School, and Ararat Charter School.

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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