14707 Burbank Blvd, Van Nuys, CA 91411
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14707 Burbank Blvd Van Nuys, CA 91411

$1,325,000 Sold Price as of 05/26/2023
  • 4 Beds
  • 6 Baths
  • 3,302 Sq.Ft.
Sold
$1,325,000 Sold Price as of 05/26/2023 Refinance Your Mortgage

Map preview of 14707 Burbank Blvd, Van Nuys, CA 91411

Property Overview: 14707 Burbank Blvd Van Nuys, CA has 4 bedrooms, 6 bathrooms, 3,302 living square feet and 8,775 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 14707 Burbank Blvd is a vintage late 1940's early 1950's era smaller apartment house located on a large lot with good parking (w/ access by ally). Single story triplex building built in 1949 and 2-story rear building built in approximately 1978. Front triplex units have front and rear entrances. There are laundry facilities on-site. Building has enjoyed very strong collection history. This complex offers an investor the opportunity to add value by aggressive management to realize substantial rental upside. Located on the north side of Burbank Blvd, east of Kester and west of Van Nuys Blvd, it is on the very southern edge of Van Nuys, (it is immediately adjacent to a quiet, tree-lined, residential street.) Sherman Oaks is to the immediate south and Valley Village is to the east. The 405 Freeway is approximately 1 mile west (with north and south bound on ramps accessible via Burbank Blvd.) Close proximity to shopping, dining, schools, churches, synagogues, parks, recreational facilities and transportation. Broker OM is attached to the Document Section of the MLS Profile Page. Please do not walk on the property or disturb the tenants. Please call the listing agents for more information.

Listed by James Gilb | BRE #00998653 | James F. Gilb
Co-listed by Michael A Salerno | BRE #01212427 | Michael Anthony Salerno
Last checked: 14 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
8,775
HOA Dues
$0/mo
Year built
1949
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23255669
City
Van Nuys
County
Los Angeles
Time on Site
362 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,024
  • Total Rent: $1,024
  • Pro Forma/Market Rent: $1,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,143
  • Total Rent: $1,143
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $700
  • Total Rent: $700
  • Pro Forma/Market Rent: $1,250
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,425
  • Total Rent: $1,425
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $636
  • Total Rent: $636
  • Pro Forma/Market Rent: $1,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $45,125
  • Gross Operating Income: $78,959
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 14707 Burbank Blvd

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • No Fireplace
  • None
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 6
  • Parcel Number: 2244019011
  • Year Built Source: Assessor
  • Architectural Style: Mid Century Modern
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: West of Van Nuys Boulevard and east of Kester Avenue on the north side of Burbank Boulevard.
View more facts & features

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Sale History for 14707 Burbank Blvd

Last sold for $1,325,000 on May 26th, 2023
  • May, 2023

  • May 26, 2023

    Date

    Sold

    CRMLS: 23255669

    $1,325,000

    Price

  • Mar 31, 2023

    Date

    Active

    CRMLS: 23255669

    $1,395,000

    Price

  • July, 2020

  • Jul 1, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2018

  • Dec 20, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 14707 Burbank Blvd

Assessed Value (2020): $405,227
Year Land Value Improved Value Assessed Value
2020 $236,385 $168,842 $405,227

Home Value Compared to the Market

This property vs the competition

14707 Burbank Blvd sold on May 26, 2023 for 64.12% higher than the current median sold price for the city of Van Nuys which is $850,000. The median sold price per/sqft for Van Nuys is $558 and this home is sold at $422.47 per/sqft which puts the price per square foot 24.29% lower than the current median sale per square foot for the city of Van Nuys.

About 14707 Burbank Blvd

Detailed summary of property

14707 Burbank Blvd is a multi family that recently sold in Van Nuys, CA 91411. This multi family property offered 4 bedrooms, 6 bathrooms, roughly 3,302 living square feet, and sits on an approximately 8,775 square foot lot. 14707 Burbank Blvd was first listed on ArdentRealEstateGroup.com on March 31, 2023. The homeowner sold the property for $1,325,000. Home in Van Nuys are selling for a median price of $850,000 and a median price per square foot of $558. Based on Ardent Real Estate Group's Van Nuys Market Data, this home is sold 64.12% higher than the current median priced home. Local homes that are currently for sale include 1371 Masselin Ave, 2612 Chariton St and 1363 Hauser Blvd. While the average home in Van Nuys, CA is selling in 73 days, 14707 Burbank Blvd has a days on market of 12 days. There are currently 81 homes for sale in the Van Nuys real estate market and 60 of them are single family homes while 14 of them are condos and 7 are townhomes. For more information on this home for sale at 14707 Burbank Blvd 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 14707 Burbank Blvd

Public county record property details
Beds
6
Baths
6
Year built
1949
Sq. Ft.
3,302
Lot Size
8,777
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
2244-019-011

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
$921,500
Median List Price/Sq.Ft.
$594
Median Sold Price
$960,000
Median Sold Price/Sq.Ft.
$654
Total Inventory
25
Median Sale to List Price %
100%
Avg Days on Market
30
Loan Type
Conventional (40%), FHA (10%), VA (0%), Cash (10%), Other (20%)

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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.