$4,995,000
UNDER CONTRACT

Estimated payment $32,821/month

Total Views 1,978
3 Beds
3 Baths
18,977 Sq Ft
$263 Price per Sq Ft

Highlights

  • Gunite Pool
  • Peek-A-Boo Views
  • Traditional Architecture
  • Automatic Gate
  • 0.49 Acre Lot
  • Corner Lot

About This Home

25 Units, One Non-Conforming. Garden Style Two Story Multifamily Complex in West Van Nuys Area. Property Consist Of 7-2Br.+1Ba. 17-1 Br.+ 1 Ba. 21,133 Sq. Ft Lot, 18,602 Sq. Ft. Rental Space, Pool, On-Site Laundry, Private Balconies, Separate Miters, 24 Gated Parking Spaces w/New Sliding Gate Motor, Five Years Old Roof, Brand New Pool Equipment and Brand-New Metal Pool Child Proof Fence, Some Units Recently Remodeled, Property Fully Occupied. Rents Below Market Rate with Great Upside Opportunity. Convenient Corner Location with Easy Connectivity to 405/101/118 FWY. Additional Street Parking, Good Neiborhood Schools. Bread and Butter Investment.

Listing Agent

Anthony Friedman

Friedman Realty & Investments Inc Brokerage Phone: 818-693-5577 License #00970455 Listed on: 02/03/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.49 Acre Lot
  • Two or More Common Walls
  • East Facing Home
  • Masonry wall
  • Wrought Iron Fence
  • Corner Lot
  • Level Lot
  • Manual Sprinklers System
  • Density is 21-25 Units/Acre

Parking

  • 26 Car Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Side by Side Parking
  • Automatic Gate
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Apartment
  • Raised Foundation
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Partial Copper Plumbing

Interior Spaces

  • 18,977 Sq Ft Home
  • 2-Story Property
  • Atrium Doors
  • Living Room
  • Peek-A-Boo Views

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Security Lights
  • Fire and Smoke Detector

Outdoor Features

  • Gunite Pool
  • Balcony
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 3146
  • Assessor Parcel Number 2224032018
  • $4,602 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 25 Units
  • Maintained Community
  • Valley

Recreation

  • Community Pool

Building Details

  • Rent Control
  • 24 Separate Electric Meters
  • Fuel Expense $8,320
  • Gardener Expense $1,725
  • Insurance Expense $6,775
  • Other Expense $8,650
  • Pest Control $780
  • Pool Expense $1,800
  • Professional Management Expense $10,600
  • Trash Expense $7,500
  • Water Sewer Expense $33,480
  • Operating Expense $167,260
  • Gross Income $457,464
  • Net Operating Income $276,481

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

26

Listing Details

  • CapRate: 5.50
  • Price Per Unit: 199800
  • Professional Management Expense: 10600.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Privately Maintained
  • Security: Automatic Gate, Resident Manager, Security Lights, Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 33480.00
  • Zoning: LAR3
  • Architectural Style: Traditional
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1725.00
  • Parcel Number: 2224032018
  • Year Built: 1962
  • Special Features: UnderContract

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Copper Plumbing Partial, Unfurnished
  • Stories: 2
  • Entry Location: Yes
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Door Features: Atrium Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 263.21
  • Room Type: Living Room

Exterior Features

  • Direction Faces: East
  • Foundation: Raised, Slab
  • View: Peek-A-Boo
  • Fence: Yes
  • Fencing: Masonry, Wrought Iron
  • Pool Expense: 1800.00
  • Pool Features: Community, Gunite
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 26.00
  • Parking: Yes
  • Parking Features: Assigned, Built-In Storage, Gated, Side by Side
  • Total Parking Spaces: 26.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Water Available, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Disposal
  • Electric: Standard
  • Heating Type: Baseboard
  • Laundry Features: Community, Individual Room
  • Pest Control Expense: 780.00
  • Sewer: Public Sewer
  • Trash Expense: 7500.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Amenities: Maintenance Grounds, Trash, Sewer, Water, Management
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Gutters, Sidewalks, Street Lights, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre, Corner Lot, Level with Street, Lot 20000-39999 Sqft, Sprinklers Manual
  • Lot Size Sq Ft: 21133.00
  • Lot Size Acres: 0.4851

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 750 Square Feet
  • Average2 Bed Area: 900 Square Feet
  • Fuel Expense: 8320.00
  • Gross Income: 457464.00
  • Gross Multiplier: 10.90
  • Gross Operating Income: 443741.00
  • Gross Scheduled Income: 457464.00
  • Insurance Expense: 6775.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 4800.00
  • Lease Term: 12 Months, Month To Month
  • Lot Size Area: 21133.0000 Square Feet
  • Net Operating Income: 276481.00
  • Number Of Separate Electric Meters: 24
  • Number Of Units Total: 25
  • Number With Dishwasher: 24
  • Number With Disposal: 24
  • Number With Range: 24
  • Number With Refrigerator: 24
  • Operating Expense: 167260.00
  • Other Expense: 8650.00
  • Other Expense Description: Repairs
  • Rent Control: Yes
  • Total Expenses: 167260.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 1276.03
  • Tax Lot: 12
  • Tax Tract Number: 3146
  • TaxOtherAnnualAssessmentAmount: 4602.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
06/11/2025 06/11/25 For Sale $4,995,000 0.0% $263 / Sq Ft
04/07/2025 04/07/25 Pending -- -- --
02/14/2025 02/14/25 For Sale $4,995,000 0.0% $263 / Sq Ft
02/03/2025 02/03/25 Off Market $4,995,000 -- --
02/03/2025 02/03/25 For Sale $4,995,000 -- $263 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25024778

California Regional Multiple Listing Service (CRMLS)