'Vic' Vartan Markarian
Markarian Realty
(626) 240-5877
116 Total Sales
3 in Sun Valley
$710K - $780K Price Range
7224 Tujunga Ave North Hollywood, CA 91605
Sun Valley Neighborhood
1
Bed
1
Bath
7,628
Sq Ft
8,905
Sq Ft Lot
Highlights
- Gated Parking
- Traditional Architecture
- No HOA
- North Hollywood Senior High School Rated A
- Private Yard
- Wood Frame Window
About This Home
As of January 2014Great investment opportunity to purchase and own this ten unit apartment building in the heart of North Hollywood situated on a major street with convenient access to public transportation, local schools and shopping. Long time established building is security gated with wrought iron fencing, with parking access through rear alley, total of ten parking spaces (six covered & 4 uncovered) one space per unit. Building has been recently remodeled with copper plumbing (within the last 3 years), AC & heat for each unit (within last year) and roof (within the last 7 years).
Priced to sell with upside potential, (less than market rents) zero vacancy, currently 100% rented with long term tenants, all on a month to month rent, majority of the tenants have lived there longer than seven years, building is approved for section 8, however, none of the current tenants are on section 8. Seller intends to do a 1031 tax deferred exchange and requests buyer’s cooperation and agrees to hold buyer harmless from any and all claims, costs & liabilities. For further information please contact listing agent, Jim Mangassarian.
Last Agent to Sell the Property
Realty Executives Homes License #00835836 Listed on: 12/02/2013
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
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964 | Remodeled
Lot Details
- 8,905 Sq Ft Lot
- Property fronts an alley
- No Common Walls
- Security Fence
- Wrought Iron Fence
- Fence is in good condition
- Paved or Partially Paved Lot
- Level Lot
- Private Yard
Home Design
- Traditional Architecture
- Slab Foundation
- Frame Construction
- Asphalt Roof
- Stucco
Interior Spaces
- 7,628 Sq Ft Home
- 2-Story Property
- Wood Frame Window
Kitchen
- Electric Cooktop
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Laundry
- Laundry Located Outside
- Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 10 Parking Spaces
- 6 Carport Spaces
- Parking Available
- Gated Parking
- Uncovered Parking
- Parking Lot
- Assigned Parking
Accessible Home Design
- No Interior Steps
- Accessible Parking
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Sewer Paid
- TV Antenna
Listing and Financial Details
- Tenant pays for electricity, repairs
- Tax Lot 7
- Tax Tract Number 19977
- Assessor Parcel Number 2315022017
Community Details
Overview
- No Home Owners Association
- 10 Units
Building Details
- 10 Leased Units
- Rent Control
- 10 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $8,714
- Gardener Expense $1,035
- Insurance Expense $2,200
- Maintenance Expense $5,439
- Trash Expense $2,400
- New Taxes Expense $9,786
- Gross Income $9,460
- Net Operating Income $80,540
Additional Features
- Laundry Facilities
- Resident Manager or Management On Site
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 22, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,225,000
Interest Rate
3.6%
Purchase Details
Listed on
Dec 2, 2013
Closed on
Dec 30, 2013
Sold by
Bought by
Seller's Agent
Jim Mangassarian
Realty Executives Homes
List Price
$1,399,000
Sold Price
$1,350,000
Premium/Discount to List
-$49,000
-3.5%
Purchase Details
Closed on
Jan 18, 2008
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
6.07%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 13, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.55%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 10, 1998
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Sun Valley, CA
-
'Vic' Vartan Markarian
-
Richard Valderrama Calle
Richard Valderrama Calle
The Dara Group Inc.
(747) 250-7467
43 Total Sales
1 in Sun Valley
$836,000 Price
-
Mike Weller
Mike Weller
Keller Williams Realty
(562) 273-1321
130 Total Sales
2 in Sun Valley
$960,000 Price Range
-
David Nalbandyan
David Nalbandyan
LA Premier Realty
(747) 277-0134
82 Total Sales
5 in Sun Valley
$610K - $2.7M Price Range
-
Linda Ojeda
Linda Ojeda
Luxury Collective
(424) 372-0165
111 Total Sales
1 in Sun Valley
$640,000 Price
-
Rodrigo Suerte Felipe
Rodrigo Suerte Felipe
eXp Realty of California Inc
(661) 592-1144
77 Total Sales
4 in Sun Valley
$650K - $955K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $176,818 | Lawyers Title Company | ||
| $1,350,000 | Orange Coast Title | ||
| -- | Orange Coast Title | ||
| -- | United Title Company | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,225,000 | ||
| Previous Owner | $630,000 | ||
| Previous Owner | $640,000 | ||
| Previous Owner | $500,000 | ||
| Previous Owner | $60,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/30/2014 01/30/14 | Sold | $1,350,000 | -3.5% | $177 / Sq Ft |
| 12/02/2013 12/02/13 | For Sale | $1,399,000 | -- | $183 / Sq Ft |
| 12/23/2012 12/23/12 | Pending | -- | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $27,423 | $2,181,821 | $1,093,645 | $1,088,176 |
| 2024 | $27,027 | $2,139,041 | $1,072,201 | $1,066,840 |
| 2023 | $26,515 | $2,097,100 | $1,051,178 | $1,045,922 |
| 2022 | $25,308 | $2,055,981 | $1,030,567 | $1,025,414 |
| 2021 | $24,973 | $2,015,668 | $1,010,360 | $1,005,308 |
| 2020 | $25,217 | $1,995,000 | $1,000,000 | $995,000 |
| 2019 | $18,694 | $1,483,535 | $824,187 | $659,348 |
| 2018 | $18,544 | $1,454,447 | $808,027 | $646,420 |
| 2016 | $17,644 | $1,397,971 | $776,651 | $621,320 |
| 2015 | $17,396 | $1,376,973 | $764,985 | $611,988 |
| 2014 | $9,786 | $716,416 | $286,256 | $430,160 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Mangassarian
Seller's Agent in 2014
Jim Mangassarian
Realty Executives Homes
(661) 904-9383
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR13242147
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.
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
Nearby Homes
- 7245 Bakman Ave
- 7313 Bakman Ave
- 7317 Tujunga Ave
- 7408 Farmdale Ave
- 7230 Case Ave
- 7426 Lemp Ave
- 11139 Cohasset St
- 11445 Saticoy St
- 7256 Vineland Ave Unit 4
- 7410 Vineland Ave
- 11215 Lull St
- 11232 Keswick St
- 7543 Vineland Ave
- 8034 036,038 Fair Ave
- 8034 ,036,038 Fair Ave
- 7731 Klump Ave
- 11031 Lull St
- 7712 Lemp Ave
- 7731 Beck Ave
- 7317 Vineland Ave
- 7238 Tujunga Ave
- 7244 Tujunga Ave
- 7230 Tujunga Ave
- 7250 Tujunga Ave Unit B
- 7250 Tujunga Ave Unit A
- 7250 Tujunga Ave Unit C
- 7250 Tujunga Ave
- 7254 Tujunga Ave
- 7239 Bakman Ave
- 7229 Bakman Ave
- 7225 Bakman Ave
- 7245 Bakman Ave Unit 3
- 7239 Tujunga Ave
- 7260 Tujunga Ave
- 7237 Tujunga Ave
- 7249 Bakman Ave
- 7233 Tujunga Ave
- 7243 Tujunga Ave
- 7219 Bakman Ave
- 7227 Tujunga Ave
Your Personal Tour Guide
Ask me questions while you tour the home.