NOT LISTED FOR SALE

van Nuys, CA 91405

1 Bed
2 Baths
16,359 Sq Ft
0.64 Acres

Last Sold October 22, 2018

Last sale price $4,200,000 $257 Per Sq Ft

Highlights

  • In Ground Pool
  • 27,998 Sq Ft lot
  • Controlled Entrance
  • Van Nuys High School Rated A
  • Laundry Room

About This Home

As of October 2018

Sold Before Processing!

Last Agent to Sell the Property

Steven Weinberg

Citadel Ventures, Inc. License #00857322 Listed on: 09/18/2018

Last Buyer's Agent

Steven Weinberg

Citadel Ventures, Inc. License #00857322 Listed on: 09/18/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.64 Acre Lot
  • Two or More Common Walls

Home Design

  • Property Attached

Interior Spaces

  • 16,359 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • Parking Available
  • Controlled Entrance

Pool

  • In Ground Pool
  • Fence Around Pool

Additional Features

  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 4
  • Tax Tract Number 10242
  • Assessor Parcel Number 2234024004

Community Details

Building Details

  • 33 Leased Units
  • Rent Control
  • 34 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,465
  • Fuel Expense $9,503
  • Gardener Expense $5,540
  • Insurance Expense $9,205
  • Maintenance Expense $27,921
  • Other Expense $1,276
  • Pest Control $1,822
  • Pool Expense $3,195
  • Professional Management Expense $13,840
  • Supplies Expense $1,347
  • Trash Expense $8,488
  • Water Sewer Expense $18,865
  • New Taxes Expense $52,500
  • Operating Expense $159,830
  • Gross Income $369,381
  • Net Operating Income $196,634

Additional Features

  • 33 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Professional Management Expense: 13840.00
  • Property Attached: Yes
  • Supplies Expense: 1347.00
  • Water Sewer Expenses: 18865.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Gardener Expense: 5540.00
  • Parcel Number: 2234024004
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 256.74

Exterior Features

  • Pool Expense: 3195.00
  • Pool Features: Private, Fenced, In Ground
  • Pool Private: Yes

Garage/Parking

  • Parking: Yes
  • Parking Features: Controlled Entrance

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 1822.00
  • Sewer: Unknown
  • Trash Expense: 8488.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 27998.00

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 3465.00
  • Fuel Expense: 9503.00
  • Gross Income: 369381.00
  • Gross Scheduled Income: 369381.00
  • Insurance Expense: 9205.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1740.00
  • Maintenance Expense: 27921.00
  • Net Operating Income: 196634.00
  • Number Of Separate Electric Meters: 34
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 33
  • Number Of Units Total: 33
  • Operating Expense: 159830.00
  • Other Expense: 1276.00
  • Rent Control: Yes
  • Total Actual Rent: 30637.00
  • Total Expenses: 159830.00

Tax Info

  • New Taxes Expense: 52500.00
  • Tax Census Tract: 1277.12
  • Tax Lot: 4
  • Tax Tract Number: 10242

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
10/22/2018 10/22/18 Sold $4,200,000 -6.9% $257 / Sq Ft
09/18/2018 09/18/18 Pending -- -- --
09/18/2018 09/18/18 For Sale $4,510,000 -- $276 / 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 $58,686 $4,685,176 $2,788,796 $1,896,380
2024 $58,686 $4,593,311 $2,734,114 $1,859,197
2023 $57,592 $4,503,247 $2,680,504 $1,822,743
2022 $55,012 $4,414,949 $2,627,946 $1,787,003
2021 $54,184 $4,328,382 $2,576,418 $1,751,964
2019 $52,622 $4,200,000 $2,500,000 $1,700,000
2018 $36,327 $2,801,133 $1,680,681 $1,120,452
2016 $34,575 $2,692,364 $1,615,419 $1,076,945
2015 $34,098 $2,651,923 $1,591,154 $1,060,769
2014 $34,417 $2,599,976 $1,559,986 $1,039,990
Source: Public Records

Agents Affiliated with this Home

  • Steven Weinberg

    Seller's Agent in 2018

    Steven Weinberg

    Citadel Ventures, Inc.

    (818) 992-4896

    14 Total Sales

    Steven Weinberg
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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18256078

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Van Nuys

91405

Not Listed for Sale

MultiFamily

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