NOT LISTED FOR SALE

14207 Gilmore St van Nuys, CA 91401

Estimated Value: $955,000 - $3,518,000

14 Beds
14 Baths
7,012 Sq Ft
$367/Sq Ft Est. Value

Last Sold November 03, 2023

Last sale price $3,445,000 $491 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $16,823/month

175 Days on Market

Highlights

  • Solar Power System
  • Van Nuys High School Rated A
  • Central Heating and Cooling System

About This Home

As of November 2023

Presenting the sale of "The Gilmore Apartments." A newly built modern and luxurious 6 unit building comprised of four large (3 bed + 3 bath) apartments and two amazing (1 bed + 1 bath) ADU's. This is an extremely sought after asset; all units were designed with an open and attractive floor plan totaling up to 1,456 SF of living space for the 3-bedroom units. The ADU's have a total of 586 SF & 716 SF of living area (buyer to verify). Each unit is equipped with central HVAC along with options for in-unit washer & dryers, stainless steel appliances, balconies, and private covered parking. Every unit is separately metered for utilities: gas and electricity (water on submeters)!The Gilmore projects have an incredible CAP rate of 5.53% from day one! This Van Nuys neighborhood is experiencing incredible growth and inundation from young professionals along with families that seek the quality that this building offers.

Last Agent to Sell the Property

Enrique Viramontes

Remax Commercial and Investment Realty License #01372010 Listed on: 04/17/2023

Remax Commercial and Investment Realty

Co-Listed By

Luis Morales

Remax Commercial and Investment Realty License #01485986

Last Buyer's Agent

Paul Margolis

Rodeo Realty License #01915731

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2023

Lot Details

  • 7,500

Interior Spaces

  • 7,012 Sq Ft Home
  • 3-Story Property
  • Gas And Electric Dryer Hookup

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Bathrooms

Parking

  • 6 Parking Spaces
  • Covered Parking

Additional Features

  • Solar Power System
  • 7,500 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 2237-021-014

Property Details

Home Type

Multi-Family

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 7012
  • Lot Acreage: 0.1722
  • Stories: 3
  • Year Built: 2023
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 14
  • Total Bathrooms: 14.00
  • Equipment: Dishwasher, Microwave, Gas Or Electric Dryer Hookup, Range/Oven, Refrigerator, Solar Panels
  • Price Per S Q F T: 494.15

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 23.08
  • Assessed Improvement Value: 154585
  • Assessed Land Percent: 76.92
  • Assessed Land Value: 515283
  • Total Assessed Value: 669868
  • Assessor Parcel Number: 2237-021-014
  • Lot Size Area: 7500

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.98
  • Number Of Units: 6
  • Type Of Units: Apartment

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2023
Closed on
Oct 30, 2023
Sold by
Leimert Holdings Llc
Bought by
Maple Goodland Camellia Llc
Seller's Agent
Enrique Viramontes
Remax Commercial and Investment Realty
Buyer's Agent
Paul Margolis
Rodeo Realty
List Price
$3,685,000
Sold Price
$3,445,000
Premium/Discount to List
-$240,000
-6.51%
Views
125
Current Estimated Value
$2,571,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$873,390
Avg. Annual Appreciation
-12.29%
Original Mortgage
$172,000
Outstanding Balance
$168,841
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$2,402,769

Purchase Details

Closed on
Nov 20, 2019
Sold by
Ellis Joseph
Bought by
Leimert Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$553,000
Interest Rate
3.5%

Purchase Details

Closed on
Sep 8, 2003
Sold by
Ellis George L and Ellis Trust Agreement
Bought by
Ellis Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,500
Interest Rate
6.06%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Maple Goodland Camellia Llc $3,445,000 Fidelity National Title
Leimert Holdings Llc $650,000 Fidelity National Title Co
Ellis Joseph $500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maple Goodland Camellia Llc $172,000
Previous Owner Leimert Holdings Llc $553,000
Previous Owner Ellis Joseph $116,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2023 11/03/23 Sold $3,445,000 -0.6% $491 / Sq Ft
10/09/2023 10/09/23 Pending -- -- --
08/10/2023 08/10/23 Price Changed $3,465,000 -1.7% $494 / Sq Ft
06/12/2023 06/12/23 Price Changed $3,525,000 -4.3% $503 / Sq Ft
04/17/2023 04/17/23 For Sale $3,685,000 -- $526 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $41,623 $3,513,900 $2,108,340 $1,405,560
2024 $41,623 $3,445,000 $2,067,000 $1,378,000
2023 $8,488 $683,264 $525,588 $157,676
2022 $8,095 $669,868 $515,283 $154,585
2021 $7,992 $656,734 $505,180 $151,554
2019 $1,065 $74,665 $40,414 $34,251
2018 $998 $73,202 $39,622 $33,580
2016 $931 $70,362 $38,085 $32,277
2015 $919 $69,306 $37,513 $31,793
2014 $936 $67,950 $36,779 $31,171
Source: Public Records

Agents Affiliated with this Home

  • Enrique Viramontes

    Seller's Agent in 2023

    Enrique Viramontes

    RE/MAX

    (213) 233-4363

    5 in this area

    31 Total Sales

    Enrique Viramontes
    Section Image

  • L

    Seller Co-Listing Agent in 2023

    Luis Morales

    RE/MAX

    Section Image
  • Paul Margolis

    Buyer's Agent in 2023

    Paul Margolis

    Rodeo Realty

    (310) 413-5955

    2 in this area

    11 Total Sales

    Paul Margolis
    Section Image
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Map

Source: The MLS

MLS Number: 23-261207

The MLS

APN: 2237-021-014

California Los Angeles County Van Nuys 91401

14207 Gilmore St, Van Nuys, CA

Not Listed for Sale

MultiFamily

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