NOT LISTED FOR SALE

Estimated Value: $1,451,000 - $1,921,000

6 Beds
4 Baths
2,700 Sq Ft
$653/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $1,365,000 $506 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $11,301/month

48 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • 1-Story Property
  • Chandler Elementary Rated A-
  • Central Heating and Cooling System

About This Home

As of February 2020

TWO HOUSES ON A LOT in a quiet Sherman Oaks neighborhood that was remodeled and expanded. There is nothing like it on the market today. Beautiful concrete paver driveway with artificial turf leads the way to this exciting property. 14323 is a 3 bed and 2 bath and 1,500 sqft. with an open floor plan and new custom kitchen with quartz counter tops, stainless steel appliances, hardwood floors, new windows, base moldings, and recessed lights throughout. The master bedroom was expanded and features an en suite bathroom and sliding doors for easy access to the backyard. The master bath includes a large tiled shower with glass doors. 14325 is also 3 bed and 2 bath with 1,200 sqft. and includes a custom kitchen with quarts counter tops and stainless steel appliances, living area and master suite, base moldings, tank-less water heater, glass door for easy access to the beautifully landscaped private backyard, and recessed lights throughout. The master bath includes a large tiled shower with glass doors. Each unit has its own electrical meter. The water meter has a sub meter for the second unit. Master baths in both units have beautiful expansive tile work. Additional features include: energy saving roof, copper plumbing and both homes are HDMI ready and each unit has its own washer/dryer hookup. This well landscaped front and backyard is not to be missed. This two on one lot property is perfect for extended families or those looking for additional rental income.

Last Listed By

Abraham Cohen

Equity Union License #01019227 Listed on: 12/09/2019

Equity Union

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,805

Year Built

  • Built in 1948

Lot Details

  • 6,832 Sq Ft Lot
  • No Common Walls
  • Private Yard
  • Front Yard

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,700 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 12842
  • Assessor Parcel Number 2245013022

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • New Taxes Expense $18,125
  • Operating Expense $20,825
  • Gross Income $96,000
  • Net Operating Income $75,175

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,805

Year Built

Built in 1948

Lot Details

0

Listing Details

  • CapRate: 5.18
  • Property Attached: No
  • Zoning: LAR1
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 2245013022
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 505.56

Exterior Features

  • Pool Private: No
  • Roof: Asphalt

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Microwave
  • Heating Type: Central
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999, Yard
  • Lot Size Sq Ft: 6832.00
  • Lot Size Acres: 0.1568

Multi Family

  • Gross Income: 96000.00
  • Gross Scheduled Income: 96000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6832.0000 Square Feet
  • Net Operating Income: 75175.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 20825.00
  • Rent Control: No
  • Total Expenses: 20825.00

Tax Info

  • New Taxes Expense: 18125.00
  • Tax Census Tract: 1285.00
  • Tax Lot: 22
  • Tax Tract Number: 12842

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2025
Sold by
Kourosh Family Trust and Faghihi Jonas K
Bought by
Jonas K Faghihi 2025 Trust and Faghihi
Total Days on Market
48
Current Estimated Value
$1,762,262

Purchase Details

Closed on
Sep 29, 2020
Sold by
Faghihi Jonas K
Bought by
Faghihi Jonas K

Purchase Details

Listed on
Dec 9, 2019
Closed on
Feb 3, 2020
Sold by
5853 Tobias Avenue Llc
Bought by
Faghihi Jonas K
Seller's Agent
Abraham Cohen
Equity Union
Buyer's Agent
Kristi Dietz
Keller Williams Realty Calabasas
List Price
$1,450,000
Sold Price
$1,365,000
Premium/Discount to List
-$85,000
-5.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.92%
Original Mortgage
$190,000
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jul 5, 2019
Closed on
Jul 11, 2019
Sold by
Vitello Marianne R
Bought by
5853 Tobias Avenue Llc
Seller's Agent
Charles Scott
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Abraham Cohen
Keller Williams Realty-Studio City
List Price
$689,000
Sold Price
$700,000
Premium/Discount to List
$11,000
1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
261.21%
Original Mortgage
$618,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 23, 2005
Sold by
Grover Solomon N
Bought by
Vitello Marianne R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2004
Sold by
Healey Christine and Taylor Christine E
Bought by
Grover Solomon N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,000
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jonas K Faghihi 2025 Trust -- None Listed On Document
Faghihi Jonas K -- Fidelity National Title Co
Faghihi Jonas K $1,365,000 Fidelity National Title
5853 Tobias Avenue Llc $700,000 California Title Company
Vitello Marianne R $475,000 California Title Company
Grover Solomon N $465,000 California Title
Healey Christine -- California Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kouroush Family Trust $588,397
Previous Owner Faghini Jonas K $190,000
Previous Owner Faghihi Jonas K $765,500
Previous Owner 5853 Tobias Avenue Llc $618,000
Previous Owner Vitello Marianne R $352,000
Previous Owner Vitello Marianne R $50,000
Previous Owner Vitello Marianne R $335,000
Previous Owner Grover Solomon N $333,000
Previous Owner Healey John $270,000
Closed Vitello Marianne R $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2020 02/14/20 Sold $1,365,000 -5.9% $506 / Sq Ft
01/26/2020 01/26/20 Pending -- -- --
12/09/2019 12/09/19 For Sale $1,450,000 +107.1% $537 / Sq Ft
08/09/2019 08/09/19 Sold $700,000 +1.6% $714 / Sq Ft
07/05/2019 07/05/19 Pending -- -- --
07/05/2019 07/05/19 For Sale $689,000 -- $703 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $17,805 $1,463,566 $879,218 $584,348
2023 $17,457 $1,434,870 $861,979 $572,891
2022 $16,638 $1,406,736 $845,078 $561,658
2021 $16,513 $1,379,154 $828,508 $550,646
2020 $8,601 $700,000 $560,000 $140,000
2019 $7,170 $593,535 $474,831 $118,704
2018 $7,107 $581,898 $465,521 $116,377
2016 $6,673 $549,000 $440,000 $109,000
2015 $6,673 $549,000 $440,000 $109,000
2014 $6,478 $520,000 $416,300 $103,700
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19278010

California Regional Multiple Listing Service (CRMLS)

APN: 2245-013-022