7347 Corbin Avenue

Winnetka, CA 91306

$1,750,000
Price
12
Beds
8
Baths
5,710 Sq. Ft.
$306 / Sq. Ft.
5,710
Sq. Ft.
$306
per Sq. Ft.

Description

8 units in Winnetka, the heart of the San Fernando Valley. Great unit mix - 4 - 1bedroom + 1 bath and 4 - 2 bedroom + 1 bath units. There is 5,710 sq. ft. of building. It was built in 1961 and it sits on a 8,064 sq. ft. lot. Long term owner. Below market rents with HUGE upside in the rents. Individually metered for gas and electricity. There are currently 2 vacant units. There is an excellent assumable loan. The current loan balance is approximately $841,000, interest rate is 4% fixed until 7/28/2026,...8 units in Winnetka, the heart of the San Fernando Valley. Great unit mix - 4 - 1bedroom + 1 bath and 4 - 2 bedroom + 1 bath units. There is 5,710 sq. ft. of building. It was built in 1961 and it sits on a 8,064 sq. ft. lot. Long term owner. Below market rents with HUGE upside in the rents. Individually metered for gas and electricity. There are currently 2 vacant units. There is an excellent assumable loan. The current loan balance is approximately $841,000, interest rate is 4% fixed until 7/28/2026, due in 2046. Close to shops, restaurants, public transportation and California State University, Northridge. Can be purchased with 7353 Corbin Ave - 10 units.
  1. Listed by Michael A Salerno • DRE #01212427 • Brokerage DRE #01212427 • Michael Anthony Salerno

Property Details for 7347 Corbin Avenue

Zoning
LARD2
Parcel Number
2115018004
Total Units
8.0
Living Area
5710
Source Living Area
Vendor Enhanced
Area
Winnetka (WIN)
Vacancy Rate
5
Lot Size Area
8067

Location

Listing Courtesy of Michael Anthony Salerno, Michael A Salerno, DRE #01212427
Add your commute
LISTING UPDATED: 05/22/2024 12:01 AM

Property Details for 7347 Corbin Avenue

StatusActive
MLS #24-391741
Days on Market20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.19 AC / 8,067 SF
CountyLos Angeles County

Location

Listing Courtesy of Michael Anthony Salerno, Michael A Salerno, DRE #01212427
Add your commute

Building Information for 7347 Corbin Avenue

Stories2Residences-Year Built1961Building Size-Lot Size0.19 AC / 8,067 SF

Payment Calculator

$10,238 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,550

Property Taxes

$688

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7347 Corbin Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: apartments
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: Scheduled
  • Gross Operating Income: $133,868
  • Net Operating Income: $70,441.00
  • Gross Income: $140,808
  • Gross Rent Multiplier: $12.42
  • Vacancy Allow Dollar: $6,940.00
  • Owner Pays: Move In Fee
  • Total Annual Expense: 63427
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1852
  • Lot Size Square Feet: 8067
  • Lot Size Dimensions: 61x132
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 8
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-16-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,341.00
  • Unit Actual Rent: $1,341.00
  • Unit Projected Rent: $1,795.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,795.00
  • Unit Actual Rent: $1,795.00
  • Unit Projected Rent: $1,795.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,233.00
  • Unit Actual Rent: $1,233.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,183.00
  • Unit Actual Rent: $1,183.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,795.00
  • Unit Actual Rent: $1,795.00
  • Unit Projected Rent: $1,795.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,795.00
  • Unit Actual Rent: $1,795.00
  • Unit Projected Rent: $1,795.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,400.00
  • Unit Actual Rent: $1,400.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,025.00
  • Unit Actual Rent: $1,025.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $932,198.00
  • Assessed Improvement Percent: 59.73
  • Assessed Land Value: $628,401.00
  • Assessed Land Percent: 40.27
  • Assessed Total Value: $1,560,599.00

Property History for 7347 Corbin Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7347 Corbin Avenue

Taxable ValueLand$628,401Additions$934,598Total$1,562,999
Tax Record2023$8,251 ($688 / month)
Home Facts
Total Finished SqFt5,710 SqFtAbove Grade Finished SqFt5,710 SqFtLot Size8,064 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningLARD2CountyLOS ANGELESAPN2115-018-004

Schools near 7347 Corbin Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Charter - 6 to 12
Charter - 6 to 8
Rating
School
Distance
Stanley Mosk Elementary School
PublicK to 5

John A. Sutter Middle School
Public6 to 8

Reseda Senior High School
Charter6 to 12

Ingenium Charter Middle School
Charter6 to 8

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.

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7347 Corbin Avenue is a multi-family home for sale in Winnetka, CA 91306. This property was listed for sale on May 14, 2024 by Michael Anthony Salerno, it's currently listed at $1,750,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Stanley Mosk Elementary School, John A. Sutter Middle School and Reseda Senior High School. 7347 Corbin Avenue is a 12-bed, 8-bath, 5,710 sqft multi-family home built in 1961.

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 Michael Anthony Salerno, Michael A Salerno, DRE #01212427

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.