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16016 Cantlay Street

16016 Cantlay Street, Van Nuys, CA 91406
Multifamily in Lake Balboa
Sold Aug 09, 2019
$885,000
Sold Jul 02, 2001
$244,000
$222,894 by Professional Mtg Corp
Mortgage Due Jul 01, 2031
16016 Cantlay Street has been categorized by the local assessors in Van Nuys, CA as a residential type of property. The building on the property was first built in 1957 and is 67 years old. The home has a total of 6 bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. In addition, 16016 Cantlay Street has 2,954 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,011 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a quadplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The inside of the home is being cooled with air conditioning at the moment. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 16016 Cantlay Street was last sold in Jul 10, 2019 for $885,000. According to our calculations, that's $299.59 per sqft. Prior to that sales transaction, the property was sold for $244,000 in Jun 6, 2001. Current property owners are expected to pay $11,071 in taxes per year. The property on 16016 Cantlay Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $930,291. To break that down further, the land itself was valued at $372,116. While improvements to the property were assessed at a total of $558,175. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Quadplex
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,011
  • Total Building Area: 2,954
  • Gross Building Area: 2,954
  • Building Area: 2,954
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 2,954
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 8
  • Land Acres: 0.138
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: TRACT NO 8O94 LOT/SEC 11

Ownership

  • Current Owner : RIHANI MICHAEL
  • Current Owner 2: RIHANI DORIS
  • Previous Owner : JAYARATNA INDIKA G
  • Previous Owner 2: JAYARATNA SHASHIKA M
  • Owner Before Previous Owner: STRATTON JANET B
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 127400

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 15-A3
  • Subdivision Tract Number: 8
  • Parcel: 2206-035-019
  • Lot: 11
  • Municipality: NORTH /NORTHRDG RES INC
  • Latitude: 34.2019
  • Longitude: -118.482

    Address

  • Full Address: 16016 Cantlay St
  • Address - House Number: 16016
  • Address - Street Name: Cantlay
  • Address - Suffix Type: St
  • State: CA
  • City Name: Van Nuys
  • Carrier Code: C023
  • 4-Digit Zip Code: 3051
  • Zip Code: 91406

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,071
  • Tax Rate Code Area: 00-016

    Appraisal Valuation

  • Standard Deviation: 0.2292
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 1,115,124
  • High Value: 1,370,723
  • Low Value: 859,524

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $930,291
  • Assessed Land Value: $372,116
  • Assessed Improvements Value: $558,175

    Sales

  • Current Sale Contract Date: Jul 10, 2019
  • Current Sale Recording Date: Aug 09, 2019
  • Current Sale Transaction ID: 11634152374
  • Current Sale Price: $885,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0795293
  • Previous Sale Recording Date: Jul 02, 2001
  • Previous Sale Contract Date: Jun 06, 2001
  • Previous Sale Amount: $244,000
  • Previous Sale Document Type: Individual Deed

    Previous Mortgages

  • Previous Mortgage Lender: PROFESSIONAL MTG CORP
  • Previous Mortgage Transaction Date: Jul 02, 2001
  • Previous Mortgage Loan Amount: $222,894
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jul 01, 2031

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Frequently Asked Questions

What neighborhood is 16016 Cantlay Street located in?
The 16016 Cantlay Street is a multifamily located in the neighborhood of Lake Balboa in South Valley, Van Nuys.
What is the average sales price for listings in 16016 Cantlay Street?
The average sales price for units in 16016 Cantlay Street is $0 currently.

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