Seller's Agent in 2022
David Kaufman
David Ballin Kaufman
(818) 464-3211
4 in this area
21 Total Sales
We are pleased to exclusively present 8204 Langdon Avenue, a 34-unit apartment community, 1977 construction, located in the densely populated Van Nuys submarket of the San Fernando Valley. The property is just south of Roscoe Blvd, east of the 405 freeway, and is well situated on a 34,347 square foot lot. The close proximity to the 405 Freeway provides tenants with major transportation options, and within walking distance are major employment centers, such as The Galpin Motor Company and Anheuser Busch, as well as many other amenities. The building has a unit mix of 32 1+1s, and two (2) 2+1s, and also features on-site parking with 36 spaces, a laundry room, a sparkling swimming pool, and air-conditioning. This offering presents an investor an opportunity to own in a populated and appreciating market, with the ability to reposition the asset and achieve aggressive market rents. A notable deal point to strongly consider: the market Cap rate is more than double that of the current Cap rate.
Last Agent to Sell the Property
David Ballin Kaufman License #01217537 Listed on: 06/14/2022
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/22/2022 11/22/22 | Sold | $5,800,000 | 0.0% | $291 / Sq Ft |
| 10/25/2022 10/25/22 | Pending | -- | -- | -- |
| 08/17/2022 08/17/22 | Price Changed | $5,800,000 | -3.3% | $291 / Sq Ft |
| 07/07/2022 07/07/22 | Price Changed | $6,000,000 | -7.7% | $301 / Sq Ft |
| 06/14/2022 06/14/22 | For Sale | $6,500,000 | -- | $326 / Sq Ft |
| 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 | $74,947 | $6,034,320 | $2,392,920 | $3,641,400 |
| 2024 | $74,947 | $5,916,000 | $2,346,000 | $3,570,000 |
| 2023 | $73,538 | $5,800,000 | $2,300,000 | $3,500,000 |
| 2022 | $54,002 | $4,294,745 | $2,576,847 | $1,717,898 |
| 2021 | $53,279 | $4,210,535 | $2,526,321 | $1,684,214 |
| 2019 | $51,756 | $4,092,350 | $2,451,390 | $1,640,960 |
| 2018 | $51,010 | $4,012,240 | $2,403,324 | $1,608,916 |
| 2016 | $48,597 | $3,850,000 | $2,310,000 | $1,540,000 |
| 2015 | $19,040 | $1,369,838 | $263,349 | $1,106,489 |
| 2014 | $19,336 | $1,343,006 | $258,191 | $1,084,815 |
Seller's Agent in 2022
David Kaufman
David Ballin Kaufman
(818) 464-3211
4 in this area
21 Total Sales
Source: The MLS
MLS Number: 22-168369
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