NOT LISTED FOR SALE

8026 Noble Ave Panorama City, CA 91402

Estimated Value: $939,000 - $1,140,542

5 Beds
3 Baths
1,880 Sq Ft
$556/Sq Ft Est. Value

Last Sold January 28, 2020

Last sale price $780,000 $415 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $6,558/month

10 Days on Market

Highlights

  • Two Homes on a Lot
  • Laundry Room
  • Central Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Level Lot

About This Home

As of January 2020

ATTENTION: Investors or home owners that are looking for a great investment opportunity in Panorama City!! Purchase two houses on one lot each w/ their own address & separate gas, electric and water meters.- 8026- Existing property with resent upgrades- 8024- Brand new 2019 built (ADU).Rents for both houses are approx. $5200 a month, approx $62,400 a year w/ a 6.5% estimated cap rate.8026-Is a single home approx 1080 sq ft w/ 3 bedrooms, and a full bathrooms. As you enter there is an open living area, dining area and a Kitchen has new quartz counters, newer cabinets and stainless steel appliances, new interior and exterior paint, new laminate floors throughout and new mini split heat and AC wall unit.8024- Is a accessory dwelling unit (ADU)-new construction, single story, 800 sq ft w/ 2 bedrooms,2 bathrooms w/ central heat and air and Indoor laundry hookups.. Nice open floor plan w/ family room that opens to the kitchen and dining area.Kitchen has white self closing shaker cabinets,quartz counters & stainless steel appliances.Laminate floors throughout.Bathrooms have quartz top vanities,tiled floors,tiled shower/tub. Potential of 5 parking spaces. Close to shops and restaurants.

Last Agent to Sell the Property

Alaura Clennon

Griffin Real Estate, Inc. Listed on: 11/08/2019

Last Buyer's Agent

Maricris Sifuentes

Pinnacle Estate Properties, Inc. License #01737043

Pinnacle Estate Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,354

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 5,774 Sq Ft Lot
  • No Common Walls
  • Level Lot

Interior Spaces

  • 1,880 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Homes

  • Two Homes on a Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 139
  • Tax Tract Number 15010
  • Assessor Parcel Number 2209021012

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,400
  • New Taxes Expense $7,480
  • Operating Expense $9,880
  • Gross Income $52,520
  • Net Operating Income $52,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,354

Year Built

Built in 1948 | Remodeled

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LAR1
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 2209021012
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Levels: One
  • Price Per Square Foot: 414.89

Exterior Features

  • Other Structures: Two On A Lot
  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 5774.00
  • Lot Size Acres: 0.1326

Multi Family

  • Gross Income: 52520.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 5774.0000 Square Feet
  • Net Operating Income: 52520.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 9880.00
  • Rent Control: Yes
  • Total Expenses: 9880.00

Tax Info

  • New Taxes Expense: 7480.00
  • Tax Census Tract: 1200.10
  • Tax Lot: 139
  • Tax Tract Number: 15010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 26, 2019
Sold by
Griffin Westminster Properties I Llc
Bought by
Tejada Damaris E and Tejada Mynor
Current Estimated Value
$1,045,136

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
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 30, 2018
Closed on
Sep 27, 2018
Sold by
Griffin Ian
Bought by
Griffinwestminster Properties Llc
Seller's Agent
Christine Huenergardt
Rodeo Realty
Buyer's Agent
Gena Costello
Griffin Real Estate, Inc
List Price
$450,000
Sold Price
$430,000
Premium/Discount to List
-$20,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.08%

Purchase Details

Listed on
Jul 30, 2018
Closed on
Aug 17, 2018
Sold by
Landry Raymond Lloyd
Bought by
Griffin Ian
Seller's Agent
Christine Huenergardt
Rodeo Realty
Buyer's Agent
Gena Costello
Griffin Real Estate, Inc
List Price
$450,000
Sold Price
$430,000
Premium/Discount to List
-$20,000
-4.44%

Purchase Details

Listed on
Jul 30, 2018
Closed on
Aug 16, 2018
Sold by
Griffin Gona
Bought by
Griffin Ian
Seller's Agent
Christine Huenergardt
Rodeo Realty
Buyer's Agent
Gena Costello
Griffin Real Estate, Inc
List Price
$450,000
Sold Price
$430,000
Premium/Discount to List
-$20,000
-4.44%
Source: Public Records

Range of Values:

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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
Tejada Damaris E $780,000 Usa National Title Company
Griffinwestminster Properties Llc $430,000 Us National
Griffin Ian $430,000 Progressive Title
Griffin Ian -- Progressive Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tejada Damaris E $300,000
Previous Owner Griffin Westminster Properties I Llc $4,000,000
Previous Owner Griffin Westminster Properties I Llc $6,000,000
Previous Owner Landry Annette D $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2020 01/28/20 Sold $780,000 0.0% $415 / Sq Ft
11/18/2019 11/18/19 Pending -- -- --
11/08/2019 11/08/19 For Sale $779,990 +81.4% $415 / Sq Ft
09/18/2018 09/18/18 Sold $430,000 -4.4% $398 / Sq Ft
08/08/2018 08/08/18 Pending -- -- --
07/30/2018 07/30/18 For Sale $450,000 -- $417 / 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 $10,354 $853,039 $470,265 $382,774
2024 $10,354 $836,314 $461,045 $375,269
2023 $10,151 $819,916 $452,005 $367,911
2022 $9,518 $803,841 $443,143 $360,698
2021 $9,403 $788,080 $434,454 $353,626
2020 $5,402 $438,600 $350,880 $87,720
2019 $5,188 $430,000 $344,000 $86,000
2018 $2,208 $172,582 $105,840 $66,742
2017 $2,159 $169,199 $103,765 $65,434
2016 $1,026 $75,681 $31,248 $44,433
2015 $1,013 $74,545 $30,779 $43,766
2014 $1,026 $73,086 $30,177 $42,909
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG19254656

California Regional Multiple Listing Service (CRMLS)

APN: 2209-021-012