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$1,295,000

Beds
Unknown
sq ft
5,200

14118 Friar St, Van Nuys, CA 91401

14118 Friar St

Van Nuys, CA 91401

  • 77 days on market
    • Price drop $100,000↓
RTI, Ready to start construction for 6 units Existing 2 Br and 1 bath with approved plans for 6 units 4 Three Bedrooms 2 Bath and 2 Two bedrooms 2 Bath. Located in dense rental area. Rents per Section 8: 3BR 2 Ba $3915 Rents per Section 8: 2 BR 2 BA $3052 All information based on approved plan. Buyer and buyer agent to verify all information. sellers not responsible on accuracy of information

Details

Property type

Apartment

Est. home value

$801,198

Lot size

6,233 sq ft

Price per sq ft

$250

Year built

1925

Price History

06/01/2024
CRMLS

CRMLS #SR24074637

Price change
$1,295,000
-7.17%
04/15/2024
CRMLS

CRMLS #SR24074637

Listed
$1,395,000
+114.62%
05/23/2023
CRMLS

CRMLS #SR23035239

Sold
$650,000

Schools & Community

Neighborhood: 

Van Nuys

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$710,113
Asking price
$1,295,000
Closing costs (~8% of asking)
-$103,600
Est. remaining loan balance
-$481,287
Cash to seller
$710,113

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Green Lending Wholesale

Loan start date

April 2023

Original loan amount

$487,500

Est. remaining balance

$481,287

Interest rate

6.65%

Loan type

New Conventional, 30 year

Seller

Valodia Der Danielian and Diana Der Danielian

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 7:30 AM

Listing updated: 05/31/2024 at 9:43 PM

Listed by: Valodia Derdanielian, Central Realty Phone #: (818) 981-7887

MLS: CRMLS #SR24074637

CRMLS logo

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