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14649 Friar St, Van Nuys, CA 91411
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14649 Friar St Van Nuys, CA 91411

$1,299,000
  • 6 Beds
  • 5 Baths
  • 3,290 Sq.Ft.
For Sale
$1,299,000 Get Pre-Qualified
Map preview of 14649 Friar St, Van Nuys, CA 91411

Property Overview: 14649 Friar St Van Nuys, CA has 6 bedrooms, 5 bathrooms, 3,290 living square feet and 6,755 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: HUGE PRICE REDUCTION. 2 UNITS MAY BE DELIVERED VACANT. A golden opportunity to convert a storage unit into an ADU for additional income. The subject property consist of a detached single family house in the front with a detached two story building in the rear of the lot with a total of 4 units plus an approved storage room, which is part of the rear structure. This is a perfect opportunity to convert the storage room to a residential unit, possibly as an ADU, thus adding an additional unit. The front house is built in 1920 and the second building was built in 2005 (not subject to rent control). Contact the listing broker for additional information or questions. Submit your offer subject to an interior inspection. Great opportunity to create an additional unit or rent the storage room as is for an additional monthly income. Please do not disturb the residents, drive by only. See Supplemental Information of building permits. One of the units is currently vacant (1+1).

Listed by Bob Kasumyan | BRE #00972115 | Precise Real Estate Investments
Last checked: 13 minutes ago | Last updated: May 18th, 2024 | Source CRMLS | DOM: 71
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Home details

Lot Sq. Ft
6,755
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
GD24048435
City
Van Nuys
County
Los Angeles
Time on Site
71 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,304
  • Total Rent: $2,304
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,508
  • Total Rent: $1,508
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,768
  • Total Rent: $1,768
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.6%
  • Gross Rent Multiplier: 17.55
  • Gross Scheduled Income: $83,184
  • Net Operating Income: $28,500
  • Gross Operating Income: $811,184
  • Laundry Income: $500
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $12,500
  • Electric: $500
  • Gas/Fuel: $1,200
  • Trash: $3,600
  • Insurance: $2,000
  • Professional Management: $0
  • Water/Sewer: $5,200

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Property Details for 14649 Friar St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Gas, Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate
Interior Features
  • Levels: One, Two
Exterior Features
Exterior Information
  • Has Fence
  • Block, Chain Link, Wood
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Paved
Lot Information
  • Lot Features: 2-5 Units/Acre, Level with Street, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 2241003011
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
Location / Neighborhood
Location Information
  • Directions: West of Van Nuys Blvd and East of Kester Avenue
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Van Nuys Agent

Sale History for 14649 Friar St

Last sold for $645,000 on May 10th, 2013

  • March, 2024

  • Mar 9, 2024

    Date

    Active

    CRMLS: GD24048435

    $1,400,000

    Price

  • May, 2013

  • May 10, 2013

    Date

    Sold (Public Records)

    Public Records

    $645,000

    Price

  • August, 2004

  • Aug 13, 2004

    Date

    Sold (Public Records)

    Public Records

    $402,181

    Price

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Tax History for 14649 Friar St

Assessed Value (2020): $726,257
Year Land Value Improved Value Assessed Value
2020 $450,392 $275,865 $726,257

Home Value Compared to the Market

This property vs the competition

14649 Friar St is listed 47.78% higher than the median list price for the city of Van Nuys which has a median list price of $879,000. The median price per/sqft for Van Nuys is $566 and this home is listed at $394.83 per/sqft which puts the price per square foot 30.24% lower than the median price per square foot for the city of Van Nuys.

About 14649 Friar St

Detailed summary of property

14649 Friar St is a fourplex located in Van Nuys, CA 91411 and is currently for sale. This fourplex offers 6 bedrooms, 5 bathrooms, roughly 3,290 living square feet, and sits on an approximately 6,755 square foot lot. 14649 Friar St was first listed on ArdentRealEstateGroup.com on March 10, 2024. The homeowner is currently asking $1,299,000 and was originally asking $1,400,000. The median priced home in Van Nuys is $879,000 with a median price per square foot of $566. Based on Ardent Real Estate Group's Van Nuys Market Data, this home is listed 47.78% higher than the median priced home. Local competing homes currently for sale include 847 N Cherokee Ave, 6091 Harold Way and 6064 Horner St. While the average home in Van Nuys, CA is selling in 59 days, 14649 Friar St has a days on market of 71 days. There are currently 102 homes for sale in the Van Nuys real estate market and 76 of them are single family homes while 18 of them are condos and 8 are townhomes. For more information on this home for sale at 14649 Friar St Van Nuys, CA 91411 contact Ardent Real Estate Group and we will put you in touch with one of our Van Nuys agents.

Public Facts for 14649 Friar St

Public county record property details
Beds
6
Baths
5
Year built
1920
Sq. Ft.
3,290
Lot Size
6,753
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
2241-003-011

The source for these homes facts are from public records.

91411 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$895,000
Median List Price/Sq.Ft.
$630
Median Sold Price
$935,000
Median Sold Price/Sq.Ft.
$567
Total Inventory
24
Median Sale to List Price %
98.43%
Avg Days on Market
76
Loan Type
Conventional (66.67%), FHA (0%), VA (0%), Cash (22.22%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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