NOT LISTED FOR SALE

7423 Haskell Ave van Nuys, CA 91406

Estimated Value: $1,104,000 - $1,367,000

5 Beds
4 Baths
1,848 Sq Ft
$667/Sq Ft Est. Value

Last Sold September 22, 2020

Last sale price $936,000 $506 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $7,434/month

43 Days on Market

About This Home

As of September 2020

This well maintained triplex located at 7423 Haskell Avenue in the city of Lake Balboa. Built in 1949 the unit mix is comprised of (2) one-bed/ one-bath units and (1) three-bed/two-bath unit. Together these apartments come to 1,848 square feet of rentable space on 6,812 square feet of land. This triplex offers features such as individual A/C wall units, a laundry room, a private front yard and 5 parking spaces with alley access. Furthermore, the property is individually metered for Water, Electricity and Gas. Located in an Opportunity Zone, the building went through extensive remodeling with new copper plumbing, new electrical system, new windows etc. In addition, the 3-bedroom unit has central A/C and Heat which potentially makes this a great owner user opportunity and/or an excellent development opportunity as more units can be potentially built on this property.


Located on Haskell Avenue between Saticoy and Sherman Way one of the most dense pockets in the Lake Balboa area, this property enjoys easy access to the Van Nuys Airport, Sky Zone Trampoline Park, Anthony C. Beilenson Park, The Japanese Garden, Van Nuys Golf Course, and various restaurants and entertainment along Sherman Way. Furthermore, the building sits next to the 405 Freeway and is mere minutes away from
the 101 freeway and a short distance away from Orange Line Bikeway along the landscaped Los Angeles Metro Orange Line route from North Hollywood to Chatsworth.

Last Agent to Sell the Property

Reza Ghobadi

Reza Ghobadi License #01780045 Listed on: 06/23/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 6,795 Sq Ft Lot
  • 1 Common Wall

Home Design

  • Triplex

Interior Spaces

  • 1,848 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 89
  • Tax Tract Number 14977
  • Assessor Parcel Number 2206027017

Community Details

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $272
  • Fuel Expense $150
  • Insurance Expense $1,150
  • Maintenance Expense $1,400
  • Pest Control $150
  • Professional Management Expense $2,610
  • Water Sewer Expense $500
  • New Taxes Expense $12,000
  • Operating Expense $18,232
  • Gross Income $67,260
  • Net Operating Income $47,028

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • CapRate: 4.90
  • Professional Management Expense: 2610.00
  • Property Attached: Yes
  • Water Sewer Expenses: 500.00
  • Zoning: LAR3
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 2206027017
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 506.49

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 150.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6795.00
  • Lot Size Acres: 0.1560

Multi Family

  • Electric Expense: 272.00
  • Fuel Expense: 150.00
  • Gross Income: 67260.00
  • Gross Multiplier: 14.40
  • Gross Scheduled Income: 66660.00
  • Insurance Expense: 1150.00
  • Laundry Income: 600.00
  • Lot Size Area: 6795.0000 Square Feet
  • Maintenance Expense: 1400.00
  • Net Operating Income: 47028.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 18232.00
  • Rent Control: Yes
  • Total Expenses: 18232.00

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Census Tract: 1274.00
  • Tax Lot: 89
  • Tax Tract Number: 14977

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2020
Closed on
Sep 15, 2020
Sold by
Zaghi Naghmeh Melody
Bought by
Jaz 1 Llc
Seller's Agent
Reza Ghobadi
Reza Ghobadi
List Price
$960,000
Sold Price
$936,000
Premium/Discount to List
-$24,000
-2.5%
Current Estimated Value
$1,233,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,293
Avg. Annual Appreciation
5.30%
Original Mortgage
$687,000
Outstanding Balance
$607,133
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$626,160

Purchase Details

Listed on
Jun 23, 2020
Closed on
Aug 13, 2020
Sold by
Alon Itzik and Alon Ofra
Bought by
Zaghi Naghmeh Melody
Seller's Agent
Reza Ghobadi
Reza Ghobadi
List Price
$960,000
Sold Price
$936,000
Premium/Discount to List
-$24,000
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$687,000
Outstanding Balance
$607,133
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$626,160

Purchase Details

Closed on
Nov 30, 2017
Sold by
11903 Burbank Llcl
Bought by
Alon Itzik and Alon Ofra

Purchase Details

Listed on
Feb 22, 2014
Closed on
Feb 27, 2014
Sold by
Nester Nancy
Bought by
11903 Burbank Llc
Seller's Agent
Julie Anne Whitton
Whitton Realty
Buyer's Agent
Julie Anne Whitton
Whitton Realty
List Price
$389,000
Sold Price
$379,000
Premium/Discount to List
-$10,000
-2.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.43%

Purchase Details

Closed on
Jan 2, 2014
Sold by
Nester Jesse
Bought by
Nester Nancy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Jaz 1 Llc -- Accommodation
Zaghi Naghmeh Melody -- North American Title
Zaghi Naghmeh Melody $936,000 North American Title
Alon Itzik -- None Available
11903 Burbank Llc $379,003 Title 365 Company
Nester Nancy -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zaghi Naghmeh Melody $687,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/22/2020 09/22/20 Sold $936,000 -2.5% $506 / Sq Ft
08/05/2020 08/05/20 Pending -- -- --
06/23/2020 06/23/20 For Sale $960,000 +153.3% $519 / Sq Ft
03/08/2014 03/08/14 Sold $379,000 -2.6% $193 / Sq Ft View Prior Sale
03/01/2014 03/01/14 Pending -- -- --
02/22/2014 02/22/14 For Sale $389,000 -- $199 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,270 $1,013,155 $405,912 $607,243
2024 $12,270 $993,290 $397,953 $595,337
2023 $12,034 $973,814 $390,150 $583,664
2022 $11,475 $954,720 $382,500 $572,220
2021 $11,334 $936,000 $375,000 $561,000
2020 $5,429 $424,815 $256,683 $168,132
2019 $5,221 $416,486 $251,650 $164,836
2018 $5,138 $408,320 $246,716 $161,604
2016 $4,848 $392,467 $237,137 $155,330
2015 $4,779 $386,572 $233,575 $152,997
2014 $985 $72,892 $17,773 $55,119
Source: Public Records

Agents Affiliated with this Home

  • Reza Ghobadi

    Seller's Agent in 2020

    Reza Ghobadi

    Reza Ghobadi

    (818) 793-2923

    4 in this area

    19 Total Sales

    Reza Ghobadi
    Section Image

  • J

    Seller's Agent in 2014

    Julie Anne Whitton

    Whitton Realty

    (805) 583-4330

    8 Total Sales

    Julie Anne Whitton
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20121682

California Regional Multiple Listing Service (CRMLS)

APN: 2206-027-017

California Los Angeles County Van Nuys 91406

7423 Haskell Ave, Van Nuys, CA

Not Listed for Sale

MultiFamily

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