$2,650,000
$145K PRICE DROP

14253 Gilmore St Unit A Van Nuys, CA 91401

Van Nuys Neighborhood

Estimated payment $14,855/month

Total Views 2,400
15 Beds
15 Baths
6,092 Sq Ft
$435 Price per Sq Ft

Highlights

  • No Units Above
  • Gated Parking
  • Attached Carport
  • Van Nuys High School Rated A
  • Laundry Room
  • Central Heating

About This Home

Rare investment opportunity with huge upside in rents: Five individually parceled 3-Bed / 2.5-Bath Condominiums built in 1991, each with its own APN (2237-021-026, 2237-021-027, 2237-021-028, 2237-021-029, 2237-021-030) and featuring attached 2-car garages with direct access, private balconies, in-unit washer/dryer hookups, dishwashers, and central HVAC. Per ZIMAS, these units are not subject to RSO rent control and not subject to AB1482 (individually owned condos, not held by a corporation or trust). All units are individually metered for electric and gas and have their own water heaters. One unit has been fully remodeled, leaving four units primed for value-add cosmetic upgrades, creating excellent potential for strong cash flow, renovation upside, and multiple exit strategies.

Listing Agent

Alen Arutyunyan

LEAD Realty & Lending Brokerage Phone: 8186403989 License #01711886 Listed on: 05/08/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,145

Year Built

  • Built in 1991

Lot Details

  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • 2237021027,2237021028,2237021029,2237021030

Parking

  • 5 Car Garage
  • Attached Carport
  • Parking Available
  • Garage Door Opener
  • Gated Parking
  • Assigned Parking

Interior Spaces

  • 6,092 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 15 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 1 / A
  • Tax Tract Number 49898
  • Assessor Parcel Number 2237021026
  • $177 per year additional tax assessments

Community Details

Overview

  • 5 Units

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,522
  • Gardener Expense $720
  • Insurance Expense $4,474
  • Other Expense $209
  • Trash Expense $3,912
  • Water Sewer Expense $5,351
  • New Taxes Expense $34,658
  • Operating Expense $50,847
  • Gross Income $172,800
  • Net Operating Income $121,953

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,145

Year Built

Built in 1991

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.67
  • Price Per Unit: 530000
  • Property Attached: Yes
  • Water Sewer Expenses: 5351.00
  • Zoning: LARD1.5
  • Property Sub Type: Condominium
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 2237021026
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Stories: 3
  • Entry Location: 2
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Entry Level: 2
  • Price Per Square Foot: 435.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport, Garage, Garage Door Opener, Gated, Private
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 3912.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 2237021027,2237021028,2237021029,2237021030
  • Land Lease: No
  • Lot Size Sq Ft: 7502.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1522.00
  • Gross Income: 172800.00
  • Gross Multiplier: 15.34
  • Gross Scheduled Income: 172800.00
  • Insurance Expense: 4474.00
  • Lot Size Area: 7502.0000 Square Feet
  • Net Operating Income: 121953.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Number With Dishwasher: 5
  • Number With Disposal: 5
  • Number With Patio: 5
  • Number With Range: 5
  • Operating Expense: 50847.00
  • Other Expense: 209.00
  • Other Expense Description: Fire Ser
  • Rent Control: No
  • Total Expenses: 50847.00

Tax Info

  • New Taxes Expense: 34658.00
  • Tax Block: A
  • Tax Census Tract: 1281.02
  • Tax Lot: 1
  • Tax Tract Number: 49898
  • TaxOtherAnnualAssessmentAmount: 177.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $4,145 $337,360 $67,129 $270,231
2024 $4,145 $330,746 $65,813 $264,933
2023 $4,066 $324,262 $64,523 $259,739
2022 $3,877 $317,905 $63,258 $254,647
2021 $3,825 $311,672 $62,018 $249,654
2019 $4,735 $389,640 $156,060 $233,580
2018 $4,706 $382,000 $153,000 $229,000
2017 $2,589 $205,893 $76,115 $129,778
2016 $2,521 $201,857 $74,623 $127,234
2015 $2,485 $198,826 $73,503 $125,323
2014 $2,499 $194,933 $72,064 $122,869
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Price Changed $2,650,000 -5.2% $435 / Sq Ft
05/08/2025 05/08/25 For Sale $2,795,000 -- $459 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,475,000 North American Title
Grant Deed -- Accommodation
Interfamily Deed Transfer -- North American Title
Interfamily Deed Transfer -- Accommodation
Grant Deed -- None Available
Interfamily Deed Transfer -- Orange Coast Title
Interfamily Deed Transfer -- Orange Coast Title
Interfamily Deed Transfer -- Orange Coast Title
Grant Deed $365,000 Orange Coast Title
Deed In Lieu Of Foreclosure -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,413,000 New Conventional
Closed $900,000 Commercial
Closed $900,000 Negative Amortization
Previous Owner $375,000 No Value Available
Previous Owner $274,000 Seller Take Back
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB25090990

California Regional Multiple Listing Service (CRMLS)

APN: 2237-021-026