NOT LISTED FOR SALE

7167 Apperson St Tujunga, CA 91042

Estimated Value: $1,137,000 - $1,638,000

8 Beds
4 Baths
3,324 Sq Ft
$419/Sq Ft Est. Value

Last Sold September 30, 2015

Last sale price $820,000 $247 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $8,295/month

9 Days on Market

Highlights

  • Open Floorplan
  • Traditional Architecture
  • Lawn
  • Verdugo Hills Senior High School Rated A-
  • Granite Countertops
  • No HOA

About This Home

As of September 2015

This excellently maintained four-plex is located in a highly desirable Tujunga neighborhood and is a great opportunity for an astute investor. It consists of 4 sprawling units each with 831 square feet of living space that’s in first-rate condition with 2 bedrooms and 1 bathroom. All 4 units have upgraded flooring, well-appointed kitchens with abundant cabinets, granite counters, dishwasher, range, breakfast counters, individual gas and electric meters. The back carport provides ample parking for 4 cars. There’s a coin laundry room that’s shared by all units. This four-plex is located within a very short distance of shopping centers, public transportation, houses of worship and minutes from Downtown LA, Burbank, Glendale. Value priced at $799,000

Last Agent to Sell the Property

William Mere

Equity Union License #01210506 Listed on: 08/10/2015

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,286 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Lawn

Parking

  • 4 Car Garage
  • Detached Carport Space
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,324 Sq Ft Home
  • Open Floorplan

Kitchen

  • Gas Range
  • Free-Standing Range
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 435
  • Assessor Parcel Number 2565008048

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $3,000
  • Insurance Expense $2,000
  • New Taxes Expense $9,988
  • Gross Income $5,375
  • Net Operating Income $55,563

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 7.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 2565008048
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Granite Counters, Open Floorplan
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 246.69

Exterior Features

  • Exterior Features: Rain Gutters
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Lawn, Rectangular Lot
  • Lot Size Sq Ft: 5286.00
  • Price Per Lot Square Foot: 155.13
  • Lot Size Acres: 0.1210

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 831
  • Electric Expense: 3000.00
  • Gross Income: 5375.00
  • Gross Scheduled Income: 64500.00
  • Insurance Expense: 2000.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 5286.0000 Square Feet
  • Net Operating Income: 55563.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 8867.00
  • Rent Control: Yes
  • Total Actual Rent: 64500.00

Tax Info

  • New Taxes Expense: 9988.00
  • Tax Lot: 435

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2015
Closed on
Aug 29, 2015
Sold by
Jovell Omar Dario
Bought by
Hartounian Family 2005 Revocable Trust
Seller's Agent
William Mere
Equity Union
List Price
$799,000
Sold Price
$820,000
Premium/Discount to List
$21,000
2.63%
Current Estimated Value
$1,394,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$574,413
Avg. Annual Appreciation
5.32%
Original Mortgage
$400,000
Outstanding Balance
$313,959
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$1,080,454

Purchase Details

Closed on
Aug 31, 2006
Sold by
Jovell Omar
Bought by
Jovell Omar Dario and Jovell Maria Guillermina

Purchase Details

Closed on
Oct 6, 1997
Sold by
Esser Julia M
Bought by
Jovell Omar and Jovell Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,773
Interest Rate
7.49%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Hartounian Family 2005 Revocable Trust $820,000 Lawyers Title
Jovell Omar Dario -- None Available
Jovell Omar $178,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hartounian Family 2005 Revocable Trust $400,000
Previous Owner Jovell Omar $173,773
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2015 09/30/15 Sold $820,000 +2.6% $247 / Sq Ft
08/19/2015 08/19/15 Pending -- -- --
08/10/2015 08/10/15 For Sale $799,000 -- $240 / 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 $11,865 $970,708 $591,896 $378,812
2024 $11,865 $951,676 $580,291 $371,385
2023 $11,638 $933,016 $568,913 $364,103
2022 $11,101 $914,722 $557,758 $356,964
2021 $10,954 $896,787 $546,822 $349,965
2019 $10,628 $870,190 $530,604 $339,586
2018 $10,549 $853,128 $520,200 $332,928
2016 $10,065 $820,000 $500,000 $320,000
2015 $3,110 $236,474 $94,322 $142,152
2014 $3,147 $231,843 $92,475 $139,368
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15178143

California Regional Multiple Listing Service (CRMLS)

APN: 2565-008-048