15507 Moorpark Street

Encino, CA 91436

$9,800,000
Last Sold Price
40
Beds
40
Baths
26,869 Sq. Ft.
$365 / Sq. Ft.
26,869
Sq. Ft.
$365
per Sq. Ft.

Description

Amazing value for an income property with huge potential right off Ventura Blvd on a quiet street in Encino! Strategically located close to the 101 and 405 freeway on ramps, this well-maintained 26,869 SF, 20-unit apartment building comes with four 2 bed/2 bath units, each with unique layout, many beautifully updated and all occupied. Current rent is extremely low for the location and size of the units, allowing for incredible value add with potential to increase rents. Amenities include a spacious...Amazing value for an income property with huge potential right off Ventura Blvd on a quiet street in Encino! Strategically located close to the 101 and 405 freeway on ramps, this well-maintained 26,869 SF, 20-unit apartment building comes with four 2 bed/2 bath units, each with unique layout, many beautifully updated and all occupied. Current rent is extremely low for the location and size of the units, allowing for incredible value add with potential to increase rents. Amenities include a spacious lobby, outdoor sitting area, recreation room, gym, and two parking spaces per unit with an additional large subterranean parking garage. In addition to the buildings coveted features, its in a premier location just steps from local restaurants, supermarkets, banks, and an assortment of retail stores. Don't miss out on this rare opportunity off one of the hottest streets in Encino!

Listing Agent

  1. Sally Forster Jones

    Sally Forster Jones

    Listing Agent

    Compass

    DRE #00558939

Property Details for 15507 Moorpark Street

Zoning
LAR3
Style
High or Mid-Rise Condo
Parcel Number
2261038072
Total Units
20.0
Living Area
26869
Source Living Area
Vendor Enhanced
Area
Encino (ENC)
Vacancy Rate
0

Location

Listing Courtesy of Compass, Sally Forster Jones, DRE #00558939

Sold By Compass, Anita Stephan, DRE #01493467

Add your commute
LISTING UPDATED: 11/30/2021 03:39 PM

Property Details for 15507 Moorpark Street

StatusSold
MLS #21-776030
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1987
Lot Size0.37 AC / 16,055 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Sally Forster Jones, DRE #00558939

Sold By Compass, Anita Stephan, DRE #01493467

Add your commute

Building Information for 15507 Moorpark Street

Stories3Residences-Year Built1987Building Size-Lot Size0.37 AC / 16,055 SF

Payment Calculator

$64,557 per month

30 year fixed, 7.25% Interest

Principal and Interest

$53,483

Property Taxes

$11,074

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 15507 Moorpark Street

Community / Development
Community / Development
  • Number Of Units: 20
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Occupied
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $501,600
  • Net Operating Income: $400,571.00
  • Gross Income: $501,600
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 101029.1
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3686
  • Lot Size Square Feet: 16055
Parking Details
Parking Details
  • Parking Garage: Community Garage
  • Total Parking: 40
  • Parking Features: Community Structure
Interior Features
Interior Features
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Refrigerator, Range/Oven, Dishwasher, Washer, Dryer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-07-2021
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,250.00
  • Unit Actual Rent: $2,250.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,150.00
  • Unit Actual Rent: $2,150.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 3
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 11
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $2,488,147.00
  • Assessed Improvement Percent: 80.2
  • Assessed Land Value: $614,349.00
  • Assessed Land Percent: 19.8
  • Assessed Total Value: $3,102,496.00

Property History for 15507 Moorpark 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 15507 Moorpark Street

Taxable ValueLand$3,570,000Additions$6,426,000Total$9,996,000
Tax Record2023$132,885 ($11,074 / month)
Home Facts
Total Finished SqFt26,869 SqFtAbove Grade Finished SqFt26,869 SqFtLot Size16,055 SqFtStyleMulti-Family Res (5+ Units)Year Built1987ZoningLAR3CountyLOS ANGELESAPN2261-038-072

Schools near 15507 Moorpark Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 6 to 8
Charter - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Hesby Oaks
CharterK to 8

William Mulholland Middle School
Public6 to 8

Birmingham Community Charter High School
Charter9 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

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Similar Sold Homes

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

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 Compass, Sally Forster Jones, DRE #00558939

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.