NOT LISTED FOR SALE

6819 Variel Ave Los Angeles, CA 91303

Canoga Park Neighborhood
9 Beds
7 Baths
4,380 Sq Ft
9,003 Sq Ft Lot

Last Sold October 01, 2021

Last sale price $1,890,000 $432 Per Sq Ft

252 Days on Market

About This Home

As of October 2021

OPPORTUNITY ZONE - 20% DOWN, 80% SELLER FINANCING at 4.0% INTEREST ONLY for 2 years. Currently 100% occupied, this 6-unit multi-family building sits on a 9,003 sf parcel allowing a developer to earn income while plans and entitlements are underway. Eased building restrictions in the Warner Center potentially allows for up to 36-units with NO HEIGHT RESTRICTIONS. Tier 3 TOC zoning only requires 1/2 parking spaces per unit, or if you utilize Warner Center zoning of 1 parking space per unit there is NO REQUIREMENT FOR AFFORDABLE HOUSING. This property is also located in an OPPORTUNITY ZONE, giving the developer an opportunity to build 36 units and in 10 years sell the property and pay ZERO CAPITAL GAINS TAX! Please do NOT disturb the Tenants!

Last Agent to Sell the Property

Chase Simonton

RE/MAX One License #01766871 Listed on: 01/04/2021

RE/MAX One

Last Buyer's Agent

Altaf Ali

Coldwell Banker Realty License #02042542

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 9,003 Sq Ft Lot
  • Lot Dimensions are 75x120

Interior Spaces

  • 4,380 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Parking

  • 8 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 2138-022-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4380
  • Lot Acreage: 0.2067
  • Lot Dimensions: 75x120
  • Stories: 2
  • Year Built: 1959
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 478.31

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 8

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 60.94
  • Assessed Improvement Value: 210717
  • Assessed Land Percent: 39.06
  • Assessed Land Value: 135074
  • Total Assessed Value: 345791
  • Assessor Parcel Number: 2138-022-016
  • Lot Size Area: 9003

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Number Of Units: 6
  • Total Annual Expense: 41381
  • Type Of Units: 3+2, 2+1, 1+
  • Vacancy Rate: 0

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $1,890,000 -9.8% $432 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
07/27/2021 07/27/21 Price Changed $2,095,000 -2.6% $478 / Sq Ft
05/11/2021 05/11/21 Price Changed $2,150,000 0.0% $491 / Sq Ft
05/11/2021 05/11/21 For Sale $2,150,000 +4.9% $491 / Sq Ft
02/12/2021 02/12/21 Pending -- -- --
01/04/2021 01/04/21 For Sale $2,050,000 -- $468 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chase Simonton

    Seller's Agent in 2021

    Chase Simonton

    RE/MAX

    (310) 383-5927

    1 in this area

    92 Total Sales

    Section Image

  • A

    Buyer's Agent in 2021

    Altaf Ali

    Coldwell Banker Realty

    (818) 350-9501

    1 in this area

    1 Total Sale

    Section Image
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Map

Source: The MLS

MLS Number: 21-675552

The MLS

California Los Angeles County Los Angeles 91303 Canoga Park

6819 Variel Ave, Los Angeles, CA

This home is located at 6819 Variel Ave, Los Angeles, CA 91303 since 04 January 2021. This property was built in 1959. 6819 Variel Ave is a home located in Los Angeles County with nearby schools including Hart Street Elementary School, Woodland Hills Academy, and Canoga Park Senior High School.

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