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5919 Reseda Boulevard

5919 Reseda Boulevard, Tarzana, CA 91356
Property in Tarzana
Sold Jun 11, 2019
$10,755,000
$7,800,000 by First Foundation Bank
Mortgage
Sold Jun 08, 2016
$8,140,500
$1,616,000 by Cbre Capital Markets Inc
Mortgage Due Jan 01, 2023
5919 Reseda Boulevard has been categorized by the local assessors in Tarzana, CA as a residential type of property. The building on the property was first built in 1964 and is 60 years old. The home has a total of 23 bedrooms. Residents will have access to 50 full bathrooms. There are 50 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5919 Reseda Boulevard has 26,606 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 3,610 ft and across the front of the lot is 990 ft. The area measurement of the land has been determined as 35,819 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as fair. 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 building has a flat style roof made of tar and gravel. The exterior walls of the building are made of stucco. The inside of the home is being cooled with a refrigeration air conditioning system at the moment. In terms of heating, it is utilizing a heating system. 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, 5919 Reseda Boulevard was last sold in Jun 5, 2019 for $10,755,000. According to our calculations, that's $404.23 per sqft. Prior to that sales transaction, the property was sold for $8,140,500 in Jun 7, 2016. Current property owners are expected to pay $131,333 in taxes per year. The property on 5919 Reseda Boulevard was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $11,043,679. To break that down further, the land itself was valued at $4,396,027. While improvements to the property were assessed at a total of $6,647,652. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Bedroom Count: 23
  • Bathroom Count: 50
  • Full Bathrooms: 50
  • Partial Bathrooms: 50
  • Building Condition: Fair
  • Building Quality: B
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 50
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 35,819
  • Lot Size Depth Feet: 3,610
  • Lot Size Frontage Feet: 990
  • Total Building Area: 26,606
  • Gross Building Area: 26,606
  • Building Area: 26,606
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 26,606
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 28404
  • Land Acres: 0.822
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: TRACT NO 28404 LOT/SEC 1

Ownership

  • Current Owner : 5919 RESEDA BLVD LLC
  • Previous Owner : LION TERRACES LLC
  • Owner Before Previous Owner: TERRACES ON THE BLVD PARTNERS LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 139302

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 14-C6
  • Subdivision Tract Number: 28404
  • Parcel: 2156-025-022
  • Lot: 1
  • Municipality: NORTH /RESEDA RES INC
  • Latitude: 34.1782
  • Longitude: -118.537

    Address

  • Full Address: 5919 Reseda Blvd
  • Address - House Number: 5919
  • Address - Street Name: Reseda
  • Address - Suffix Type: Blvd
  • State: CA
  • City Name: Tarzana
  • Carrier Code: C007
  • 4-Digit Zip Code: 1547
  • Zip Code: 91356

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $131,333
  • Tax Rate Code Area: 00-016

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $7,800,000
  • First Open Lien Mortgage Lender: FIRST FOUNDATION BANK
  • First Open Lien Mortgage Recording Date: May 11, 2022
  • First Open Lien Mortgage Loan Amount: $7,800,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,043,679
  • Assessed Land Value: $4,396,027
  • Assessed Improvements Value: $6,647,652

    Sales

  • Current Sale Contract Date: Jun 05, 2019
  • Current Sale Recording Date: Jun 11, 2019
  • Current Sale Transaction ID: 11612326925
  • Current Sale Price: $10,755,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0547880
  • Previous Sale Recording Date: Jun 08, 2016
  • Previous Sale Contract Date: Jun 07, 2016
  • Previous Sale Amount: $8,140,500
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: CBRE CAPITAL MARKETS INC
  • Previous Mortgage Transaction Date: Jun 08, 2016
  • Previous Mortgage Loan Amount: $1,616,000
  • Previous Mortgage Term: 78
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jan 01, 2023

About South Valley



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Frequently Asked Questions

What neighborhood is 5919 Reseda Boulevard located in?
The 5919 Reseda Boulevard is a located in the neighborhood of Tarzana in South Valley, Tarzana.
What is the average sales price for listings in 5919 Reseda Boulevard?
The average sales price for units in 5919 Reseda Boulevard is $0 currently.

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