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Sold on 07/09/2024

7347 Corbin Ave, Winnetka, CA 91306

  • $1,646,370

    Last sold 07/09/2024 for $1.55M

  • 12

    bed

  • 8

    bath

  • 5,710

    Sqft ($271/Sqft)

Multi-family not for sale
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About 7347 Corbin Ave

Property type Multi-family
Neighborhood
Year built 1961
HOA fee $0/month
Lot size 8,067 Sqft
Movoto estimate
Property 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, due in 2046. Close to shops, restaurants, public transportation and California State University, Northridge. Can be purchased with 7353 Corbin Ave - 10 units.
Listed by
Listing Agent - Michael A Salerno
Listing Office - Michael Anthony Salerno
Source: The MLS mls logo
MLS#24-391741 • last updated 1 year ago
Movoto checked The MLS for data 6 minutes ago
Overview
Levels/Style One
MLS # 24-391741
Type Residential Income
Status Sold
SqFt 5710
Lot Size (SqFt) 8067
Lot Size (Acres) 0.1852
Year Built 1961
Interior
Total # of Baths 8
Total # of Bedrooms 12
Exterior
# Parking Spaces 8
Parking Desc Uncovered
Add'l Structures None
Amenities / Utilities
Equipment Other
Location
County Los Angeles
Zoning LARD2
APN 2115-018-004
Multifamily Details
Unit 5: # Baths 1, 1
Unit 8: Furnished No
Unit 3: Furnished No
Unit 1: Furnished No
Unit 6: Furnished No
Unit 7: Furnished No
Unit 4: Furnished No
Unit 5: Furnished No
Unit 8: Projected Rent 1950
Unit 3: Projected Rent 1950
Unit 1: Projected Rent 1795
Unit 7: Projected Rent 1950
Unit 7: # Baths 1
Unit 8: # Beds 2
Unit 1: # Beds 1
Unit 7: # Beds 2
Unit 6: # Beds 1
Unit 4: # Beds 2
Unit 7: Rent 1400
Unit 1: Rent 1341
Unit 2: Rent 1795
Unit 3: Rent 1233
Unit 4: Rent 1183
Unit 5: Rent 1795
Unit 6: Rent 1795
Unit 8: Rent 1025
Owner Pays Move In Fee
Unit 2: Furnished No
Unit 2: Projected Rent 1795
Unit 6: Projected Rent 1795
Unit 5: Projected Rent 1795
Unit 4: Projected Rent 1950
Unit 3: # Beds 2
Unit 2: # Beds 1
Unit 2: # Baths 1
Unit 3: # Baths 1
Unit 1: # Baths 1
Unit 4: # Baths 1
Unit 8: # Baths 1
Unit 5: # Beds 1
Unit 4: Actual Rent 1183
Unit 7: Actual Rent 1400
Unit 2: Actual Rent 1795
Unit 3: Actual Rent 1233
Unit 8: Actual Rent 1025
Unit Type 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Unit 5: Actual Rent 1795
Unit 6: Actual Rent 1795
Unit 1: Actual Rent 1341
Total # Of Buildings 1
Net Operating Income 83320
Cap Rate 4.76
Vacancy Rate 5
Gross Income 140808
Gross Operating Income 133868
Gross Rent Multiplier 12.42
Total Annual Expenses 50548
Vacancy Amount ($) 6940
$1.64M
Range: $1.48M-$1.81M
Last 30 days 
  • Sep 2024
    Public Records
  • Sep 25, 2024 Sold
    $718,000 (-53.7%)
  • Sep 2024
    mls logo MLS # 24-391741
  • Sep 25, 2024 Sold
    $1,550,000 (-11.4%)
  • Jun 10, 2024 Pending
    —
  • May 14, 2024 Listed
    $1,750,000
  • Year Property taxes Tax assessment
  • 2024
    $8,395 +1.7%
    $603,699 -61.38%
  • 2023
    $8,251 -56.6%
    $1,562,999
  • 2022
    $19,002 +1.3%
    $1,562,999 +174.68%
  • 2021
    $18,755 +138.6%
    $569,021 +1.03%
  • 2020
    $7,862
    $563,212
  • 7347 Corbin Ave
    $1.55M
  • Winnetka
    $799K -5% y/y
  • 91306
    $795K -6% y/y
  • Winnetka
    $795K -6% y/y
No chart available
Statistics calculated by Movoto

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5/10
Reseda Senior High School
charter Grades 9-12
Los Angeles Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • 7347 Corbin Ave
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