14649 Friar Street

Van Nuys, CA 91411

$1,299,000
Price
6
Beds
5
Baths
3,290 Sq. Ft.
$395 / Sq. Ft.
3,290
Sq. Ft.
$395
per Sq. Ft.

Description

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...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.
  1. Listed by Bob Kasumyan • DRE #00972115 • Brokerage DRE #00972115 • Precise Real Estate Investments • 818-445-8938

Property Details for 14649 Friar Street

Parking Spaces Total
0
Private Pool
No
Cooling Type
Central Forced Air, Wall/Window
Total Units
4.0
Lot Size Source
Assessor
Property Attached YN
false
Common Walls
No Common Walls
New Construction
No

Location

Listing Courtesy of Precise Real Estate Investments, Bob Kasumyan, DRE #00972115
Add your commute
LISTING UPDATED: 04/05/2024 02:09 PM

Property Details for 14649 Friar Street

StatusActive
MLS #GD24048435
Days on Market56
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.16 AC / 6,755 SF
CountyLos Angeles County

Location

Listing Courtesy of Precise Real Estate Investments, Bob Kasumyan, DRE #00972115
Add your commute

Building Information for 14649 Friar Street

Stories2Residences-Year Built1920Building Size-Lot Size0.16 AC / 6,755 SF

Payment Calculator

$7,930 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,089

Property Taxes

$841

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 14649 Friar Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $700
  • Gross Scheduled Income: $83,184
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $811,184
  • Net Operating Income: $28,500
  • Laundry Income: $500
  • Gross Multiplier: 17.55
  • Cap Rate: 3.6
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $12,500
  • Fuel Expense: $1,200
  • Electric Expense: $500
  • Insurance Expense: $2,000
  • Professional Management Expense: $0
  • Trash Expense: $3,600
  • Water Sewer Expense: $5,200
  • Total Expenses: $12,500
Tax / Assessment Info
  • Tax Block: 52
  • Tax Tract Number: 1200
  • Tax Census Tract: 1283.03
  • CFD/Mello-Roos Fee: $932
  • Tax Lot: 15
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Cooling: Central Air, Gas, Wall/Window Unit(s)
  • Flooring: Carpet, Laminate
Exterior Features
  • Entry Location: 1
  • Fence: Yes
  • Fencing: Block, Chain Link, Wood
  • Pool Features: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Level with Street, Rectangular Lot
  • Land Lease: No
  • Topography: Level
  • Levels: One, Two
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Features: Paved
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,304
  • Unit Type Total Rent: $2,304
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,768
  • Unit Type Total Rent: $1,768
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,352
  • Unit Type Total Rent: $1,352
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,508
  • Unit Type Total Rent: $1,508
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2

Property History for 14649 Friar Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14649 Friar Street

Taxable ValueLand$473,442Additions$289,981Total$763,423
Tax Record2023$10,088 ($841 / month)
Home Facts
Total Finished SqFt3,290 SqFtAbove Grade Finished SqFt3,290 SqFtLot Size6,753 SqFtStyleQuadraplexYear Built1920ZoningLAR3CountyLOS ANGELESAPN2241-003-011

Schools near 14649 Friar Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Van Nuys Elementary School
PublicK to 5

Van Nuys Middle School
Public6 to 8

Van Nuys Senior High School
Public9 to 12

Will Rogers Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

14649 Friar Street is a multi-family home for sale in Van Nuys, CA 91411. This property was listed for sale on March 9, 2024 by Precise Real Estate Investments, it's currently listed at $1,299,000. It has been on the market for a total of 56 days and was last sold on March 14, 2013. This listing's school district is Los Angeles Unified School District. Nearby schools include Van Nuys Elementary School, Van Nuys Middle School and Van Nuys Senior High School. 14649 Friar Street is a 6-bed, 5-bath, 3,290 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Precise Real Estate Investments, Bob Kasumyan, DRE #00972115

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.