NOT LISTED FOR SALE

7701 Sepulveda Blvd van Nuys, CA 91405

Estimated Value: $2,136,136

0.33 Acres
$6,397,532 Price per Acre
14,545 Sq Ft Lot

Last Sold November 12, 2021

Last sale price $1,950,000 $838 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $13,098/month

87 Days on Market

About This Lot

As of November 2021

Seller will carry 1st with 50% down. 14,544 SF (0.33 ACRES) Zoned C-2. Potential for Gross Rent of $8,000 +/- During Entitlement Multifamily (49 Units +/- or Retail Development) Great Potential for Auto or Retail Use 2,326 sq. ft. Office Structure and Lots of Parking.

Last Agent to Sell the Property

Jon Emrani

Marcus & Millichap License #01427038 Listed on: 08/16/2021

Last Buyer's Agent

Enrique Sifuentes

License #01720105

Property Details

Property Type

  • Land

Lot Details

  • 0.33 Acre Lot
  • Property is zoned LAC2

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 2222-013-016

Property Details

Property Type

Land

Lot Details

0.33 Acres

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.3339
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Any
  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 2222-013-016
  • Lot Size Area: 14544

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2022
Sold by
Chandra Paul Sudhan and Rani Titu
Bought by
Stp 2021 Llc
Current Estimated Value
$2,136,136

Purchase Details

Listed on
Mar 4, 2015
Closed on
Aug 31, 2015
Sold by
Norwest Management Llc
Bought by
Gilo3 Llc
Seller's Agent
Sam Ostayan
Century Realty Group
Buyer's Agent
Sam Ostayan
Century Realty Group
List Price
$1,099,000
Sold Price
$875,000
Premium/Discount to List
-$224,000
-20.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.86%
Original Mortgage
$575,000
Interest Rate
3.97%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 7, 2015
Sold by
Movassaghi Abdorreza and Movassaghi Maria
Bought by
Norwest Management Llc

Purchase Details

Closed on
Apr 4, 2006
Sold by
Antounian Kirkor Barkev and Antounian Zarmine Krikor
Bought by
Movassaghi Abdorreza and Movassaghi Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
May 6, 2002
Sold by
Aidari Mehrdad and Aidari Mohammad Mehdi
Bought by
Antounian Krikor Barkev and Antounian Zarmine Krikor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,000
Interest Rate
6.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 21, 1997
Sold by
Regency Svgs Bank Fsb
Bought by
Topa Financial Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.53%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 20, 1996
Sold by
Newman Mark S and Gilmore Roxanne
Bought by
Ajdari Mehrdad and Ajdari Mohammad Mehdi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.53%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 11, 1996
Sold by
Moltzji Hossein
Bought by
Ajdari Mahvash

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.53%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 12, 1987
Sold by
Gorlick Rose and Loober Bernice
Bought by
Newman Nathan
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
Stp 2021 Llc -- Burbank Firm Llc
Gilo3 Llc $875,000 Ticor Title
Norwest Management Llc $729,700 None Available
Movassaghi Abdorreza $1,100,000 Alliance Title Company
Antounian Krikor Barkev $350,000 --
Topa Financial Corp -- --
Ajdari Mehrdad $175,000 Orange Coast Title
Ajdari Mahvash -- Orange Coast Title
Ajdari Mohammad Mehdi -- Orange Coast Title
Ajdari Mehrdad -- Orange Coast Title
Newman Nathan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gilo3 Llc $575,000
Previous Owner Movassaghi Abdorreza $990,000
Previous Owner Antounian Krikor Barkev $262,000
Previous Owner Ajdari Mehrdad $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/12/2021 11/12/21 Sold $1,950,000 0.0% $838 / Sq Ft
08/16/2021 08/16/21 For Sale $1,950,000 +122.9% $838 / Sq Ft
09/04/2015 09/04/15 Sold $875,000 -20.4% $376 / Sq Ft View Prior Sale
07/29/2015 07/29/15 Pending -- -- --
03/04/2015 03/04/15 For Sale $1,099,000 -- $472 / Sq Ft
Source: The MLS

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 $25,246 $2,069,355 $2,069,355 --
2024 $25,246 $2,028,780 $2,028,780 --
2023 $24,763 $1,989,000 $1,989,000 $0
2022 $23,628 $1,950,000 $1,950,000 $0
2021 $12,129 $956,939 $634,314 $322,625
2020 $12,245 $947,127 $627,810 $319,317
2019 $11,783 $928,556 $615,500 $313,056
2018 $11,450 $910,350 $603,432 $306,918
2016 $10,952 $875,000 $580,000 $295,000
2015 $8,152 $640,000 $548,600 $91,400
2014 $8,345 $640,000 $548,600 $91,400
Source: Public Records

Agents Affiliated with this Home

  • Jon Emrani

    Seller's Agent in 2021

    Jon Emrani

    Marcus & Millichap

    (310) 422-8052

    2 in this area

    17 Total Sales

    Jon Emrani
    Section Image

  • E

    Buyer's Agent in 2021

    Enrique Sifuentes

  • S

    Seller's Agent in 2015

    Sam Ostayan

    Century Realty Group

    (818) 789-7271

    1 in this area

    28 Total Sales

    Sam Ostayan
    Section Image
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Map

Source: The MLS

MLS Number: 21-773126

The MLS

APN: 2222-013-016

California Los Angeles County Van Nuys 91405

7701 Sepulveda Blvd, Van Nuys, CA

Not Listed for Sale

Lots

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