NOT LISTED FOR SALE
11 Beds
7 Baths
5,429 Sq Ft
8,640 Sq Ft Lot

Sale Details

Date Sold: December 9, 2015

Last sale price $1,095,000 $202 Per Sq Ft

91 Days on Market

Highlights

  • No Units Above
  • Cooling System Mounted To A Wall/Window
  • Paved or Partially Paved Lot
  • Dual Staircase
  • Tile Flooring
  • Wall Furnace

About This Home

As of December 2015

8.7% total return. Excellent 2 story building in Canoga Park, the apartments feature ceramic tile or carpet flooring, window/wall air condition. Some of the apartments have remodeled kitchens with granite counters and new cabinets. Subject consists of (4) 2+1, (1) 2+1.5, (1) 1+1, (1) Studio. Actual income of $86,232. Covered carport onsite parking. The property was built in 1957 and is set on 8,640 sqft (per assessor) lot. Separately metered for gas and electric.

Last Agent to Sell the Property

Anie Mayelian

Keller Williams Realty Calabasas License #00778825 Listed on: 06/17/2015

Keller Williams Realty Calabasas

Last Buyer's Agent

Anie Mayelian

Keller Williams Realty Calabasas License #00778825 Listed on: 06/17/2015

Keller Williams Realty Calabasas

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 8,640 Sq Ft Lot
  • Property fronts an alley
  • No Units Above
  • Two or More Common Walls
  • Paved or Partially Paved Lot
  • Front Yard

Home Design

  • Property Attached

Interior Spaces

  • 5,429 Sq Ft Home
  • Dual Staircase
  • Laundry in unit

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Parking

  • 12 Parking Spaces
  • 6 Carport Spaces
  • Parking Available

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2112021010

Community Details

Building Details

  • 7 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $13,687
  • Gross Income $7,106
  • Net Operating Income $58,917

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

8,640 Sq Ft Lot

Listing Details

  • CapRate: 5.40
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Property Type: Residential Income
  • Parcel Number: 2112021010
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 2 Staircases
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Carpet, Tile
  • Levels: Two
  • Price Per Square Foot: 201.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Cable Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: Front Yard, Paved
  • Lot Size Sq Ft: 8640.00
  • Price Per Lot Square Foot: 126.74
  • Lot Size Acres: 0.1980

Multi Family

  • Gross Income: 7106.00
  • Gross Multiplier: 12.80
  • Gross Scheduled Income: 85272.00
  • Lot Size Area: 8640.0000 Square Feet
  • Net Operating Income: 58917.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 24720.00
  • Rent Control: Yes
  • Total Actual Rent: 7106.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13687.00

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
May 19, 2017
Sold by
Bought by

Purchase Details

Closed on
Mar 28, 2017
Sold by
Bought by

Purchase Details

Listed on
Jun 17, 2015
Closed on
Dec 2, 2015
Sold by
Bought by
Seller's Agent
Anie Mayelian
Keller Williams Realty Calabasas
Buyer's Agent
Anie Mayelian
Keller Williams Realty Calabasas
List Price
$1,095,000
Sold Price
$1,095,000

Purchase Details

Closed on
Sep 23, 2015
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
0.0371%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 19, 2005
Sold by
Bought by

Purchase Details

Closed on
May 25, 2004
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
$493,500
Interest Rate
0.0629%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 22, 2003
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
$300,000
Interest Rate
0.0598%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 11, 2002
Sold by
Bought by

Purchase Details

Closed on
Jan 4, 2001
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
$163,200
Interest Rate
0.0775%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 1994
Sold by
Bought by

Purchase Details

Closed on
Oct 28, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
12/09/2015 12/09/15 Sold $1,095,000 0.0% $202 / Sq Ft
09/16/2015 09/16/15 Pending -- -- --
06/17/2015 06/17/15 For Sale $1,095,000 -- $202 / Sq Ft
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 $16,678 $1,296,249 $647,532 $648,717
2024 $16,461 $1,270,834 $634,836 $635,998
2023 $16,159 $1,245,917 $622,389 $623,528
2022 $15,441 $1,221,488 $610,186 $611,302
2021 $15,237 $1,197,538 $598,222 $599,316
2019 $14,813 $1,182,063 $530,604 $651,459
2018 $14,837 $1,158,930 $520,200 $638,730
2016 $13,922 $1,095,000 $547,000 $548,000
2015 $11,448 $887,247 $353,739 $533,508
2014 $11,526 $869,868 $346,810 $523,058
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15131489

California Regional Multiple Listing Service (CRMLS)
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