NOT LISTED FOR SALE
32 Beds
25.5 Baths
15,920 Sq Ft
0.4 Acre Lot

Sale Details

Date Sold: May 21, 2024

Last sale price $3,905,000 $245 Per Sq Ft

113 Days on Market

About This Home

As of May 2024

Price Reduced by $450,000. The actual rent is from the rent roll as of February, 2024. The subject property is a 22 unit apartment building located at 8371 Northgate Avenue, Canoga Park, CA 91304. The property was built in 1964 and is located north of Roscoe Boulevard and just east of Topanga Canyon Boulevard on a cul de sac. The unit mix consists of thirteen one-bedroom/one-bath units, five two-bedroom/one-bath units, one two-bedroom/one and a half-bath unit, two two-bedroom/two-bath units, and one three-bedroom/two-bath unit. The building has an interior courtyard. There is a laundry room and the laundry machines are owned by the Seller. There is an assumable loan with Luther Burbank Savings in the amount of $1,500,000, fixed at 3.80% interest only, through August 2025, then the loan adjusts. The maturity date is August 1, 2050 and the amortization is 30 years.

Last Agent to Sell the Property

Gayle Factor

Marcus & Millichap License #01066258 Listed on: 11/10/2023

Last Buyer's Agent

Dominick Faraone

Miller & Desatnik Realty Co. License #01925895

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 17,567 Sq Ft Lot

Interior Spaces

  • 15,920 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 25.5 Bathrooms

Parking

  • 22 Parking Spaces
  • Covered Parking
  • Uncovered Parking

Community Details

  • 22 Units

Listing and Financial Details

  • Assessor Parcel Number 2779-043-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0.4 Acres

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 15920
  • Probate: No
  • Stories: 2
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 32
  • Laundry: Laundry Area
  • Laundry Equipment: Own
  • Total Bathrooms: 25.50
  • Price Per S Q F T: 257.54

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking, Uncovered
  • Total Parking: 22

Lot Info

  • Assessed Improvement Percent: 60.00
  • Assessed Improvement Value: 1686640
  • Assessed Land Percent: 40
  • Assessed Land Value: 1124426
  • Total Assessed Value: 2811066
  • Assessor Parcel Number: 2779-043-008
  • Lot Size Area: 17567

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 9.97
  • Number Of Units: 22
  • Type Of Units: Apartment

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2023
Closed on
May 15, 2024
Sold by
Bought by
Seller's Agent
Gayle Factor
Marcus & Millichap
Buyer's Agent
Dominick Faraone
Miller & Desatnik Realty Co.
List Price
$4,550,000
Sold Price
$3,905,000
Premium/Discount to List
-$645,000
-14.18%
Views
55

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,952,500
Outstanding Balance
$1,908,092
Interest Rate
6.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 10, 2023
Closed on
May 14, 2024
Sold by
Bought by
Seller's Agent
Gayle Factor
Marcus & Millichap
Buyer's Agent
Dominick Faraone
Miller & Desatnik Realty Co.
List Price
$4,550,000
Sold Price
$3,905,000
Premium/Discount to List
-$645,000
-14.18%
Views
55

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,952,500
Outstanding Balance
$1,908,092
Interest Rate
6.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,187,500
Interest Rate
3.43%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 4, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,790,000
Interest Rate
6.04%
Mortgage Type
Commercial

Purchase Details

Closed on
May 12, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
6.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 24, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
6.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 9, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
5.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 8, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
7.08%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Canoga Park, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Fidelity National Title
$3,905,000 Fidelity National Title
-- Fidelity National Title
$3,905,000 Fidelity National Title
$2,375,000 North American Title Company
-- Fidelity National Title
-- Commonwealth Land Title Co
$2,250,000 Commonwealth Land Title
-- Stewart Title Company
-- --
-- --
-- Progressive Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,952,500
Closed $1,952,500
Previous Owner $1,500,000
Previous Owner $1,300,000
Previous Owner $1,187,500
Previous Owner $1,790,000
Previous Owner $1,650,000
Previous Owner $1,050,000
Previous Owner $840,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/21/2024 05/21/24 Sold $3,905,000 -4.8% $245 / Sq Ft
03/02/2024 03/02/24 Pending -- -- --
01/26/2024 01/26/24 Price Changed $4,100,000 -9.9% $258 / Sq Ft
11/10/2023 11/10/23 For Sale $4,550,000 +91.6% $286 / Sq Ft
10/30/2012 10/30/12 Sold $2,375,000 -5.6% $149 / Sq Ft View Prior Sale
06/08/2012 06/08/12 Pending -- -- --
02/29/2012 02/29/12 For Sale $2,515,000 -- $158 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $50,134 $3,983,100 $1,591,200 $2,391,900
2024 $37,013 $2,867,286 $1,146,914 $1,720,372
2023 $36,330 $2,811,066 $1,124,426 $1,686,640
2022 $34,712 $2,755,948 $1,102,379 $1,653,569
2021 $34,225 $2,701,911 $1,080,764 $1,621,147
2019 $33,244 $2,627,473 $1,048,709 $1,578,764
2018 $32,874 $2,576,067 $1,028,147 $1,547,920
2016 $31,280 $2,470,559 $988,224 $1,482,335
2015 $30,842 $2,433,449 $973,380 $1,460,069
2014 $31,081 $2,385,782 $954,313 $1,431,469
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-330553

The MLS
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