NOT LISTED FOR SALE

8232 Sepulveda Place Panorama City, CA 91402

Estimated Value: $1,089,239 - $1,670,000

6 Beds
5 Baths
3,115 Sq Ft
$446/Sq Ft Est. Value

Last Sold October 23, 2015

Last sale price $598,500 $192 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $8,234/month

Highlights

  • Fireplace in Primary Bedroom
  • Balcony
  • Laundry Room
  • No HOA
  • Cooling System Powered By Gas
  • Tile Flooring

About This Home

As of October 2015

PRICE REDUCED !! >> Come in with %5 down and live rent free !!! Live in house and rent other 3 units ! PRICE REDUCED on this TURN KEY ASSET!! The main house is a large 3 bed + 2 bath with a large remodeled kitchen with dining area. Perfect to live in and rent out other 3 units ! This unit has newer central AC and also a fireplace. The 2BD, is separate building. The other 2 units (STUDIO APT and 1 bedroom) are located behind main house.
The property also has a large 3 car garage on alley side. Additionally a separate coin operated laundry room (machines included in sale). There are front and / or back yards for most units. Partial plumbing replaced with copper. Main line replaced 1 year ago. Property has many new windows. Property painted just 3 years ago. note: (Property is legally a 3 unit with 4th apartment permitted and rentable as a "community room") Owner had all permits. TENANTS PAY PARTIAL UTILITIES! ( Property is master metered). Reliable long term / stable tenants. THIS PROPERTY IS A CASH COW with plenty of room to still raise rents. (Coin washer and dryer included in sale- generates $125- 150/ month.)

Last Agent to Sell the Property

Gregory Watroba

No Firm Affiliation License #01267520 Listed on: 09/02/2015

Last Buyer's Agent

Out Of Area Southland

SOUTHLAND

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,764

Year Built

  • Built in 1950

Lot Details

  • 6,451 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Privacy Fence
  • Wood Fence
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Fire Rated Drywall
  • Composition Roof

Interior Spaces

  • 3,115 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Dining Room with Fireplace
  • Attic Fan

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Stone
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • 5 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Washer

Outdoor Features

  • Balcony
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Cooling System Powered By Gas
  • Cooling System Mounted To A Wall/Window
  • Whole House Fan
  • Central Air

Listing and Financial Details

  • Tenant pays for electricity, water
  • Tax Lot 29
  • Tax Tract Number 16357
  • Assessor Parcel Number 2209001004

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,010
  • Insurance Expense $1,200
  • Water Sewer Expense $3,990
  • New Taxes Expense $4,025
  • Gross Income $4,500
  • Net Operating Income $41,475

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,764

Year Built

Built in 1950

Lot Details

0

Parking

3

Listing Details

  • Inclusions: All appliances and laundry machines.
  • Other Phone Description: 818-521-8788
  • Other Phone Number: 818-357-5983
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved, Paved
  • View: No
  • Water Sewer Expenses: 3990.00
  • Property Type: Residential Income
  • Parcel Number: 2209001004
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Attic Fan, Balcony
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Stone, Tile
  • Appliances: Yes
  • Fireplace Features: Bath, Dining Room, Family Room, Kitchen, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 192.13

Exterior Features

  • Exterior Features: Rain Gutters
  • Fencing: Privacy, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Connected
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Cooktop
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup, Washer Included
  • Water Source: Public
  • Cooling: Central Air, Electric, Gas, Whole House Fan, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6451.00
  • Price Per Lot Square Foot: 92.78
  • Lot Size Acres: 0.1480

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Average1 Bed Area: 400
  • Average2 Bed Area: 875
  • Average3 Bed Area: 1450
  • Average Studio Area: 390
  • Electric Expense: 2010.00
  • Gross Income: 4500.00
  • Gross Scheduled Income: 54000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6451.0000 Square Feet
  • Net Operating Income: 41475.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 3
  • Operating Expense: 12525.00
  • Rent Control: Yes
  • Total Actual Rent: 4087.00

Tax Info

  • New Taxes Expense: 4025.00
  • Tax Lot: 29
  • Tax Tract Number: 16357
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2022
Sold by
Oliver Gabriel
Bought by
Gabriel Quene
Current Estimated Value
$1,387,810

Purchase Details

Closed on
Sep 15, 2021
Sold by
Gabriel Quene Cherie
Bought by
Gabriel Quene Cherie and The Quene Cherie Gabriel Livin

Purchase Details

Closed on
Jul 27, 2021
Sold by
Gabriel Oliver Glen and Gabriel Quene Cherie
Bought by
Gabriel Quene Cherie

Purchase Details

Closed on
Oct 29, 2018
Sold by
Lewis Quene C
Bought by
Gabriel Oliver Glen and Gabriel Quene Cherie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Sep 2, 2015
Closed on
Sep 4, 2015
Sold by
Watroba Gregory and Gregory Watroba Revocable Trus
Bought by
Lewis Quene C
Seller's Agent
Gregory Watroba
No Firm Affiliation
Buyer's Agent
Out Of Area Southland
SOUTHLAND
List Price
$739,000
Sold Price
$598,500
Premium/Discount to List
-$140,500
-19.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.89%
Original Mortgage
$656,409
Interest Rate
3.81%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 18, 2005
Sold by
Watroba Gregory
Bought by
Watroba Gregory and Gregory Watroba Revocable Trus

Purchase Details

Closed on
May 9, 2005
Sold by
Watroba Gregory and Gregory Watroba Revocable Trus
Bought by
Watroba Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2005
Sold by
Karapetians Yulia and Estate Of Ilia Grinblat
Bought by
Watroba Gregory and Gregory Watroba Revocable Trus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 4, 2004
Sold by
Watroba Gregory
Bought by
Watroba Gregory and Gregory Watroba Revocable Trus

Purchase Details

Closed on
Mar 11, 2003
Sold by
Grinblat Ilia
Bought by
Watroba Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.72%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 31, 2000
Sold by
Grinblat Ilia
Bought by
Grinblat Ilia and Watroba Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,300
Interest Rate
8.37%

Purchase Details

Closed on
Jun 12, 2000
Sold by
Vonbuelow Jessica
Bought by
Grinblat Ilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,300
Interest Rate
8.37%

Purchase Details

Closed on
Aug 31, 1999
Sold by
Vonbuelow Jessica
Bought by
Vonbuelow Jeremy William
Source: Public Records

Range of Values:

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Average Value
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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
Gabriel Quene -- New Title Company Name
Gabriel Quene Cherie -- None Available
Gabriel Quene Cherie -- None Available
Gabriel Oliver Glen -- None Available
Lewis Quene C $598,500 Provident Title Company
Watroba Gregory -- --
Watroba Gregory -- United Title
Watroba Gregory $55,000 Alliance Title
Watroba Gregory -- --
Watroba Gregory -- American Title Co
Grinblat Ilia -- --
Grinblat Ilia $227,000 First American Title Co
Vonbuelow Jessica -- First American Title Co
Vonbuelow Jeremy William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lewis Quene C $50,000
Previous Owner Lewis Quene C $656,409
Previous Owner Lewis Quene C $656,409
Previous Owner Watroba Greg $132,000
Previous Owner Watroba Gregory $337,000
Previous Owner Watroba Gregory $232,000
Previous Owner Grinblat Ilia $25,000
Previous Owner Grinblat Ilia $204,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2015 10/23/15 Sold $598,500 -19.0% $192 / Sq Ft
09/02/2015 09/02/15 For Sale $739,000 -- $237 / Sq Ft
08/24/2015 08/24/15 Pending -- -- --
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 $8,764 $708,495 $425,571 $282,924
2024 $8,764 $694,604 $417,227 $277,377
2023 $8,598 $680,986 $409,047 $271,939
2022 $8,204 $667,634 $401,027 $266,607
2021 $8,093 $654,544 $393,164 $261,380
2020 $8,170 $647,833 $389,133 $258,700
2019 $7,854 $635,131 $381,503 $253,628
2018 $7,717 $622,678 $374,023 $248,655
2016 $7,354 $598,500 $359,500 $239,000
2015 $4,000 $317,029 $190,720 $126,309
2014 $4,025 $310,820 $186,985 $123,835
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15110570

California Regional Multiple Listing Service (CRMLS)

APN: 2209-001-004