NOT LISTED FOR SALE

8070 Langdon Ave Van Nuys, CA 91406

62 Beds
8 Baths
44,376 Sq Ft
32,234 Sq Ft Lot

Sale Details

Date Sold: November 25, 2014

Last sale price $5,750,000 $130 Per Sq Ft

63 Days on Market

About This Home

As of November 2014

Recent Major Capital Improvements Include:New RoofNew Copper PlumbingNew Solar System Installed on the Roof which will Reduce Utility CostsNew Elevator System InstalledRe-Plastered Pool & New Pool DeckLarge Unit Sizes with a mix of approximately 50% Two & Three Bedroom UnitsAll Two & Three Bedroom Units have Two Bathrooms EachAt Least 12% Rent Upside PotentialMany Units have been Upgraded with Tile Flooring ThroughoutVery Low Cost per Foot of $134.08 (based on gross square footage per assessor)Laundry Facility On-Site that Generates Additional Income for the PropertyNo Major Deferred Maintenance & Continually Lowering Operating CostsWith Upgraded Major Systems, Every Dollar Invested by a New Owner can go Directly Towards Improvements that will Increase RentsBuilt in 1964 with a Gross Building Square Footage of 44,376 & Lot Size of 0.75 AcresCurrently 39 Units, with a Storage Room currently being Permitted as the 40th Unit

Last Agent to Sell the Property

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 07/21/2014

Co-Listed By

Daniel Withers

Matthews Real Estate Investment Services License #01325901

Last Buyer's Agent

Grady Liu

License #01290494

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 32,546 Sq Ft Lot

Interior Spaces

  • 44,376 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 62 Bedrooms
  • 8 Bathrooms

Parking

  • 54 Parking Spaces
  • Carport

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • 40 Units

Listing and Financial Details

  • Assessor Parcel Number 2654-037-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0.75 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 44376
  • Stories: 3
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 62
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 134.08

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 54

Utilities

  • Cooling: Central
  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Value: 2091498
  • Assessed Land Value: 2509798
  • Assessor Parcel Number: 2654-037-019
  • Geocode Override: No
  • Lot Size Area: 32546

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 11.67
  • Number Of Units: 40
  • Rent Control: 100%
  • Type Of Units: APT
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2014 11/25/14 Sold $5,750,000 -3.4% $130 / Sq Ft
09/22/2014 09/22/14 Pending -- -- --
07/21/2014 07/21/14 For Sale $5,950,000 -- $134 / 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 $86,943 $6,916,919 $3,767,796 $3,149,123
2024 $86,943 $6,781,294 $3,693,918 $3,087,376
2023 $85,328 $6,648,329 $3,621,489 $3,026,840
2022 $81,503 $6,517,971 $3,550,480 $2,967,491
2021 $80,294 $6,390,168 $3,480,863 $2,909,305
2019 $77,967 $6,202,234 $3,377,620 $2,824,614
2018 $77,217 $6,080,654 $3,311,393 $2,769,261
2017 $75,417 $5,954,439 $3,246,464 $2,707,975
2016 $73,290 $5,837,686 $3,182,808 $2,654,878
2015 $72,255 $5,750,000 $3,135,000 $2,615,000
2014 $60,334 $4,622,185 $2,521,192 $2,100,993
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    David Harrington

    Matthews Real Estate Investment Services

    Section Image
  • Daniel Withers

    Seller Co-Listing Agent in 2014

    Daniel Withers

    Matthews Real Estate Investment Services

    (310) 365-5054

    3 in this area

    43 Total Sales

    Daniel Withers
    Section Image

  • G

    Buyer's Agent in 2014

    Grady Liu

See All Agents

Map

Source: The MLS

MLS Number: 14-779877

The MLS
California Los Angeles County Van Nuys 91406

8070 Langdon Ave, Van Nuys, CA

Not Listed for Sale

MultiFamily

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