NOT LISTED FOR SALE

14607 Gilmore St Van Nuys, CA 91411

8 Beds
7 Baths
4,663 Sq Ft
7,405 Sq Ft Lot

Last Sold January 28, 2022

Last sale price $1,850,000 $397 Per Sq Ft

27 Days on Market

Highlights

  • Laundry Room
  • Van Nuys High School Rated A
  • 1-Story Property

About This Home

As of January 2022

7-unit Non-Rent Control Multifamily asset located in a predominantly strong SFV rental market. The Property consists of one (1) 2-Bed+1-Bath and six (6) spacious 1-Bed + 1-Bath units each of which includes a Fireplace. Ideal as an Owner-User investment or perfect for any first-time and/or experienced Multifamily Investor looking to add a low maintenance building to their portfolio. Close proximity to the 101, 405, and 170 Freeways and centrally located in the heart of San Fernando Valley. True Pride of Ownership and first time on market since 2011.

Last Agent to Sell the Property

Michael Elatt

Synergy Investment Group License #01765438 Listed on: 10/19/2021

Last Buyer's Agent

Michael Elatt

Synergy Investment Group License #01765438 Listed on: 10/19/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall

Home Design

  • Property Attached

Interior Spaces

  • 8 Bedrooms
  • 4,663 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 23 / 50
  • Tax Tract Number 1200
  • Assessor Parcel Number 2236017021
  • $1,004 per year additional tax assessments

Community Details

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • Fuel Expense $2,222
  • Gardener Expense $345
  • Insurance Expense $2,816
  • Maintenance Expense $2,210
  • Pest Control $50
  • Professional Management Expense $1,805
  • Trash Expense $2,975
  • Water Sewer Expense $8,600
  • New Taxes Expense $21,828
  • Operating Expense $44,031
  • Gross Income $106,440
  • Net Operating Income $59,049

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

7,405 Sq Ft Lot

Listing Details

  • CapRate: 3.25
  • Professional Management Expense: 1805.00
  • Property Attached: Yes
  • Water Sewer Expenses: 8600.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 345.00
  • Parcel Number: 2236017021
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 396.74

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 50.00
  • Sewer: Public Sewer
  • Trash Expense: 2975.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700
  • Latitude Manual: 34.18786000

Multi Family

  • Fuel Expense: 2222.00
  • Gross Income: 106440.00
  • Gross Multiplier: 17.09
  • Gross Scheduled Income: 106440.00
  • Insurance Expense: 2816.00
  • Lot Size Area: 7405.0000 Square Feet
  • Maintenance Expense: 2210.00
  • Net Operating Income: 59049.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Units Total: 7
  • Operating Expense: 44301.00
  • Rent Control: No
  • Total Expenses: 44031.00

Tax Info

  • New Taxes Expense: 21828.00
  • Tax Block: 50
  • Tax Census Tract: 1278.06
  • Tax Lot: 23
  • Tax Tract Number: 1200
  • TaxOtherAnnualAssessmentAmount: 1004.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2022 01/28/22 Sold $1,850,000 +1.7% $397 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
10/19/2021 10/19/21 For Sale $1,819,000 -- $390 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $23,693 $1,924,740 $769,896 $1,154,844
2024 $23,693 $1,887,000 $754,800 $1,132,200
2023 $23,688 $1,887,000 $754,800 $1,132,200
2022 $7,874 $585,879 $218,964 $366,915
2021 $7,761 $574,392 $214,671 $359,721
2019 $7,550 $557,356 $208,304 $349,052
2018 $7,448 $546,428 $204,220 $342,208
2016 $7,053 $525,212 $196,291 $328,921
2015 $6,960 $517,324 $193,343 $323,981
2014 $7,026 $507,191 $189,556 $317,635
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21230740

California Regional Multiple Listing Service (CRMLS)
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