NOT LISTED FOR SALE

14902 Gilmore St van Nuys, CA 91411

Studio
7 Baths
4,600 Sq Ft
6,367 Sq Ft Lot

Last Sold July 28, 2021

Last sale price $1,390,000 $302 Per Sq Ft

41 Days on Market

Highlights

  • Gated Parking
  • Van Nuys High School Rated A
  • Built-In Features

About This Home

As of July 2021

Corner Lot Offering 7 Large Single Units; Four (4) Units Have Been Completely Remodeled; One Unit Will Be Delivered Vacant; High in-place Rents; Possibility of Adding Another Unit (AUD); Current Cap Rate of 5.50% and Actual GRM of 12.2; Gated and Enclosed Parking in the Back; On-site Laundry Facilities - Owned; Located in Easy-to-Rent Van Nuys Rental Market. This asset is located on a gated and fenced corner lot with good curb appeal and offers high in-place rents, strong rental demand, and attractive financing. The potential of adding an ADU apartment to this property will make this a desirable Value-Add investment. Van Nuys offers a dense rental market with easy access to transportation hubs and employment, dining, shopping, and entertainment facilities of the area.

Last Agent to Sell the Property

Janette Monfared

Marcus & Millichap License #00765098 Listed on: 06/01/2021

Last Buyer's Agent

Carlo Honanian

License #01264495

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 6,367 Sq Ft Lot
  • Lot Dimensions are 50x129

Interior Spaces

  • 7 Bathrooms
  • 4,600 Sq Ft Home
  • 2-Story Property
  • Built-In Features

Parking

  • 8 Parking Spaces
  • Gated Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 2235-021-050

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4600
  • Lot Acreage: 0.1462
  • Lot Dimensions: 50x129
  • Stories: 2
  • Year Built: 1974
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 7.00
  • Equipment: Built-Ins
  • Price Per S Q F T: 315.22

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 8

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 2235-021-050
  • Lot Size Area: 6367

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.20
  • Number Of Units: 7
  • Type Of Units: 7
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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 Prior Sale
07/28/2021 07/28/21 Sold $1,390,000 -4.1% $302 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $1,450,000 +27.8% $315 / Sq Ft
12/20/2019 12/20/19 Sold $1,135,000 -9.9% $247 / Sq Ft View Prior Sale
09/24/2019 09/24/19 Pending -- -- --
06/06/2019 06/06/19 For Sale $1,260,000 +13.3% $274 / Sq Ft
12/21/2016 12/21/16 Sold $1,112,500 -3.3% $242 / Sq Ft View Prior Sale
12/15/2016 12/15/16 Pending -- -- --
10/25/2016 10/25/16 For Sale $1,150,000 0.0% $250 / Sq Ft
10/14/2016 10/14/16 Pending -- -- --
08/08/2016 08/08/16 For Sale $1,150,000 -- $250 / Sq Ft
Source: The MLS

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 $18,395 $1,475,077 $885,046 $590,031
2024 $18,395 $1,446,155 $867,693 $578,462
2023 $18,050 $1,417,800 $850,680 $567,120
2022 $17,237 $1,390,000 $834,000 $556,000
2021 $15,131 $1,202,327 $484,972 $717,355
2020 $14,628 $1,135,000 $750,000 $385,000
2019 $14,598 $1,157,445 $460,377 $697,068
2018 $14,462 $1,134,750 $451,350 $683,400
2016 $12,267 $964,487 $578,692 $385,795
2015 $10,255 $795,583 $477,350 $318,233
2014 $9,963 $750,000 $360,000 $390,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-741924

The MLS