NOT LISTED FOR SALE

8204 Langdon Ave Van Nuys, CA 91406

36 Beds
34 Baths
19,938 Sq Ft
34,247 Sq Ft Lot

Last Sold November 22, 2022

Last sale price $5,800,000 $291 Per Sq Ft

133 Days on Market

Highlights

  • In Ground Pool
  • 0.79 Acre Lot
  • 1-Story Property
  • Gated Parking
  • Laundry Room

About This Home

As of November 2022

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 Kaufman

David Ballin Kaufman License #01217537 Listed on: 06/14/2022

Last Buyer's Agent

David Kaufman

David Ballin Kaufman License #01217537 Listed on: 06/14/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 34,249 Sq Ft Lot
  • Lot Dimensions are 105x319

Interior Spaces

  • 19,938 Sq Ft Home
  • 1-Story Property
  • Dishwasher
  • Laundry Room

Bedrooms and Bathrooms

  • 36 Bedrooms
  • 34 Bathrooms

Parking

  • 36 Parking Spaces
  • Private Parking
  • Gated Parking
  • Uncovered Parking

Pool

  • In Ground Pool

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 34 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • Assessor Parcel Number 2654-036-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0.79 Acres

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 19938
  • Lot Acreage: 0.7862
  • Lot Dimensions: 105x319
  • Stories: 1
  • Year Built: 1977
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 36
  • Laundry: Room
  • Total Bathrooms: 34.00
  • Equipment: Dishwasher
  • Price Per S Q F T: 290.90

Exterior Features

  • Other Structures: None
  • Pool Description: In Ground
  • Pool: Yes

Garage/Parking

  • Parking Garage: Private, Gated, Uncovered
  • Total Parking: 36

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 1684214
  • Assessed Land Percent: 60
  • Assessed Land Value: 2526321
  • Total Assessed Value: 4210535
  • Assessor Parcel Number: 2654-036-021
  • Lot Size Area: 34249

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.10
  • Number Of Units: 34
  • Type Of Units: 1+1, 2+1
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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
11/22/2022 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
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 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-168369

The MLS
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