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$1489000   Price Analysis
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16043 Bassett St
Van Nuys, CA 91406
6 bed 6 bath 3831 SqFt ($388/SqFt)
8277SqFt lot. Built 1989
Listed 2024-06-05, Taxes $5198
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Welcome to this Amazing opportunity to own three houses in an ample 8250 sqft Lot

In a tremendous 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 vast 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 attachd 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 exceptional 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!


Presented by Analia Bortolo at
House Of Seven Gables Real Estate Inc.
Listing Agent Photo

Property MLS #SR24113685 from CRMLS

Bedrooms: 6

Copper Plumbing Full
Open Floorplan
Quartz Counters
Recessed Lighting
Flooring: Tile, Wood

Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, High Efficiency Water Heater, Microwave, Refrigerator, Tankless Water Heater
Appliances YN: Yes
Laundry Features: Individual Room, Inside

Family Room, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Separate Family Room

Cooling Features: Central Air
Fireplace Features: Living Room
Heating Features: Central
Heating: Yes

Full Bathrooms: 6

Lot Description: 0-1 Unit/Acre
Lot Size Acres: 0.1900138
Lot Size Source: Assessor
Lot Size Square Feet: 8277

Parking Features: Parking YN: Yes, Parking Features: Concrete
Parking Total: 4

View: Neighborhood
Green Energy Efficient: Appliances, Construction, Insulation, Roof, Water Heater
Green Energy Generation: Solar

Number of Units: 3
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 3
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1

Calculated Total Monthly Association Fees: 0

Rent Control: Yes

Community Features: Sidewalks, Street Lights, Valley

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 30000.00
Area: VN - Van Nuys
Source Neighborhood: VN - Van Nuys
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 2224026024
Postal Code Plus 4: 4806
Trash Expense: 720.00
Zoning: LAR1
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$230327 + $193398
$423725
$5198
2021$225811 + $189606
$415417
$5122
2020$223496 + $187662
$411158
$5169
2019$219114 + $183983
$403097
$4970
2018$214818 + $180376
$395194
$4858
2017$210606 + $176840
$387446
$4751
2016$206477 + $173373
$379850
$4626
2015$203376 + $170769
$374145
$4559
2014$199393 + $167424
$366817
$4580
2013$198492 + $166668
$365160
$4580
2012$109140 + $253980
$363120
$4793
2010$150000 + $229000
$379000
$4931
2009$169400 + $258300
$427700
$5336
2009$150000 + $229000
$379000
$5336
2008$207934 + $317043
$524977
$6365
2007$203857 + $310827
$514684
$6151

Price Changed 2024-07-05
$1489000
CRMLS
Price Changed 2024-07-05
$1489000
CRMLS
Listed 2024-06-05
$1600000
CRMLS
Listed 2024-06-04
$1600000
CRMLS
Listing removed 2023-12-19
$0
CRMLS
Listing removed 2023-12-19
$0
CRMLS
Price Changed 2023-12-18
$1690000
CRMLS
Listed 2023-10-13
$1885000
CRMLS
Listed 2023-10-13
$1885000
CRMLS
Listing removed 2023-10-06
$0
CRMLS
Listed for rent 2023-09-14
$4600
CRMLS
Sold 2012-03-07
$358000
Public Record
Listing removed 2012-03-07
$364900
CRISNET
Price Changed 2012-01-03
$364900
CRISNET
Price Changed 2011-12-01
$379900
CRISNET
Listed 2011-10-31
$369900
CRISNET
Sold 2004-06-23
$485000
Public Record
Sold 1994-12-16
$166500
Public Record
Sold 1988-09-29
$127950
Public Record

Net Operating Income: 115980.00

Total Square Feet Living: 3831
Year Built: 1989
Building Features: 3
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: Street.
Property Age: 35
Property Attached: Yes
Property Condition: Turnkey, Updated/Remodeled
Levels or Stories: One
Building Total Stories: 1
Structure Type: Single Family Residence
Year Built Source: Assessor

No Interior Steps

Sewer: Sewer: Public Sewer, Water Sewer Expense: 3000.00
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Source: Public

Bassett Street Elementary School is a public elementary school located approximately 0.3 miles away.
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William Mulholland Middle School is a public middle school located approximately 1.3 miles away.
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Happy Preschool Land is a private elementary school located approximately 0.4 miles away.
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Lake Balboa College Preparatory Magnet K-12 is a public elementary, middle and high school located approximately 1.1 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.