NOT LISTED FOR SALE

14812 Gilmore St van Nuys, CA 91411

12 Beds
11 Baths
7,343 Sq Ft
7,499 Sq Ft Lot

Last Sold October 09, 2019

Last sale price $1,675,000 $228 Per Sq Ft

8 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Wall Furnace
  • Van Nuys High School Rated A

About This Home

As of October 2019

We are pleased to introduce the property at 14812 Gilmore Street in Van Nuys. The investment offers attractive 12.4 GRM and 5.4% cap based on actual income. New financing is available with 30% down payment with approximate interest rate of 4 percent. The investment boasts spacious 8 unit building located in Van Nuys in opportunity zone area. The 2 story building consists of three 2 bed / 2 bath apartments, one 2 bed / 1 bath apartment and four 1 bed / 1 bath apartments. The subject was recently painted, has on-site parking and is individually metered for gas and electricity. Built in 1964, situated on approximately 7500 square foot lot. Situated in highly dense rental market, in the revitalizing city of Van Nuys, bordering Sherman Oaks. The property offers an excellent walk score of 81. Subject is near major public transportation (Metro Orange Line), Hospitals (Valley Presbyterian), LA County Recorders Office, court house and schools. Buyers to independently investigate the accuracy of all the information pertaining to the property and conduct their own due diligence through appropriate professionals. Submit offers by 8-7-2019 at 4 pm.

Last Agent to Sell the Property

Anie Mayelian

Keller Williams Realty Calabasas License #00778825 Listed on: 08/05/2019

Keller Williams Realty Calabasas

Last Buyer's Agent

Anie Mayelian

Keller Williams Realty Calabasas License #00778825 Listed on: 08/05/2019

Keller Williams Realty Calabasas

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,499 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 7,343 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 11 Bathrooms

Laundry

  • Laundry Room

Parking

  • 8 Parking Spaces
  • 8 Carport Spaces
  • Parking Available

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 1200
  • Assessor Parcel Number 2236020009

Community Details

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $1,884
  • Insurance Expense $3,066
  • Maintenance Expense $1,500
  • Other Expense $2,900
  • Trash Expense $3,027
  • Water Sewer Expense $7,061
  • New Taxes Expense $20,937
  • Operating Expense $40,920
  • Gross Income $132,278
  • Net Operating Income $91,357

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 7061.00
  • Property Type: Residential Income
  • Parcel Number: 2236020009
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 228.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 8.00
  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3027.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7499.00
  • Lot Size Acres: 0.1722

Multi Family

  • Fuel Expense: 1884.00
  • Gross Income: 132278.00
  • Gross Scheduled Income: 136332.00
  • Insurance Expense: 3066.00
  • Laundry Income: 1200.00
  • Lot Size Area: 7499.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 91357.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 40920.00
  • Other Expense: 2900.00
  • Rent Control: Yes
  • Total Expenses: 40920.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 20937.00
  • Tax Lot: 10
  • Tax Tract Number: 1200
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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
10/09/2019 10/09/19 Sold $1,675,000 0.0% $228 / Sq Ft
08/13/2019 08/13/19 Pending -- -- --
08/05/2019 08/05/19 For Sale $1,675,000 -- $228 / 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 $22,774 $1,831,852 $732,740 $1,099,112
2024 $22,774 $1,795,934 $718,373 $1,077,561
2023 $22,347 $1,760,721 $704,288 $1,056,433
2022 $21,336 $1,726,198 $690,479 $1,035,719
2021 $21,050 $1,692,352 $676,941 $1,015,411
2019 $17,987 $1,432,630 $976,311 $456,319
2018 $17,826 $1,404,540 $957,168 $447,372
2016 $16,958 $1,350,000 $920,000 $430,000
2015 $12,350 $963,259 $384,660 $578,599
2014 $12,436 $944,392 $377,126 $567,266
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19183954

California Regional Multiple Listing Service (CRMLS)