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$1,489,000

Beds
6
Baths
5.75
sq ft
3,831

16043 Bassett St, Van Nuys, CA 91406

16043 Bassett St

Van Nuys, CA 91406

  • 164 days on market
    • Price drop $111,000↓
Welcome to 16043 Bassett St, Van Nuys! Amazing opportunity to own three houses in an ample 8250 sqft Lot, in a great pocket of Van Nuys with paid off Solar Panels, tankless water heaters and electric car charging station! The main house with address 16043 offers 2396 sqft with 3 large bedrooms, 3 baths, laundry room, open floor plan with abundant natural light. The spacious living room features hardwood floors, vaulted ceiling with recessed lighting and seamlessly flows into the huge updated kitchen with all brand new appliances. It also has a big permitted additional living area adjacent to the kitchen with direct access to the backyard perfect for entertaining. The detached ADU built in 2021 with address 14043 1/2 Bassett (1030 sqft) offers 2 bedrooms, two baths, washer and dryer in unit, open concept kitchen with dishwasher and living room with plenty of natural light and recessed lighting. The JR ADU with address 16041 Bassett St is attached to the main house, it is a garage conversion completed in 2023 with permits (405 sqft) never lived in. It is coming with all brand new appliances including stackable washer and dryer, microwave, stove, dishwasher and refrigerator. Whether you are looking to add an amazing investment property to your portfolio or seeking a home to live in with additional income to help you pay your mortgage payments, this property has it all! Live in one unit and rent the other two. Don't miss out on this unique opportunity to own a potential triple income property that comes 100% ready to select your own tenants that will enjoy the convenience of a friendly neighborhood near schools, parks, shopping and dining!

Details

Property type

Single Family Residence

Est. home value

$1,841,424

Property condition

Updated/Remodeled

Lot size

8,277 sq ft

Price per sq ft

$389

Year built

1989

HOA

No

Price History

11/05/2024
CRMLS

CRMLS #SR24099932

Listed
$1,489,000
09/28/2024
CRMLS

CRMLS #SR24099932

Pending
$1,489,000
07/05/2024
CRMLS

CRMLS #SR24099932

Price change
$1,489,000
-6.94%

Schools & Community

Neighborhood: 

Van Nuys

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

High school district: 

Los Angeles Unified

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

$912,624
Asking price
$1,489,000
Closing costs (~8% of asking)
-$119,120
Est. remaining loan balance
-$457,256
Cash to seller
$912,624

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

Seller’s Loan History

Lender

Angel Oak Mortgage Solutions Llc

Loan start date

November 2020

Original loan amount

$502,000

Est. remaining balance

$457,256

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Parvez Badar

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?

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Status: Active

Tomo last checked: 11/15/2024 at 12:20 AM

Listing updated: 11/04/2024 at 4:10 PM

Listed by: Analia Bortolo, Luxury Collective Phone #: (310) 909-3464

MLS: CRMLS #SR24099932

CRMLS logo

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