NOT LISTED FOR SALE

Estimated Value: $2,042,000 - $3,160,000

12 Beds
16 Baths
4,928 Sq Ft
$552/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $2,475,000 $502 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $17,848/month

24 Days on Market

Highlights

  • Tandem Parking
  • Van Nuys High School Rated A
  • Central Heating

About This Home

As of August 2021

We are proud to present the sale of The Gilmore Apartments. Newly constructed in 2021 (No Rent Control), the property is comprised of four brand new, modern spacious (3+4+Den) apartments. With an open floor plan of over 1,200 SF of living space, each unit has been equipped with luxury living including stainless steel appliances, wide vinyl plank flooring and complete HVAC systems for immediate move-in ready condition. Every unit is separately metered for ALL Utilities: water, gas, and electric!This investment is extremely low maintenance with energy efficient features designed to the latest standards. Very easy to manage with minimal operating expenses, the return on investment from day one makes this property appealing to even the most discerning investors. There are a total of 8 parking spaces - 4 of which are tandem and equipped with conduit hookups for electric car charging stations. Above all, plans have been approved for TWO additional (2+2) ADUs which will be included in the sale! The Buyer will find an added value opportunity upon closing with an additional $5,000 (estimated) of rental income when the additional units are built a cap rate of over 7% possible within weeks of closing (buyer to verify)! The Gilmore Apartments are located just minutes from Sherman Oaks.

Last Agent to Sell the Property

Enrique Viramontes

Remax Commercial and Investment Realty License #01372010 Listed on: 07/09/2021

Remax Commercial and Investment Realty

Co-Listed By

Luis Morales

Remax Commercial and Investment Realty License #01485986

Last Buyer's Agent

Parastou Asadian

License #01913000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $36,446

Year Built

  • Built in 2021

Lot Details

  • 7,500

Interior Spaces

  • 4,928 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 16 Bathrooms

Parking

  • 8 Parking Spaces
  • Tandem Parking
  • Uncovered Parking

Additional Features

  • 7,500 Sq Ft Lot
  • Central Heating

Community Details

  • 2 Buildings
  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$36,446

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4928
  • Stories: 2
  • Year Built: 2021
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 16.00
  • Equipment: Microwave, Range/Oven
  • Price Per S Q F T: 502.23

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Tandem, Uncovered
  • Total Parking: 8

Utilities

  • Heating: Central

Lot Info

  • Assessor Parcel Number: UNAVAILABLE
  • Lot Size Area: 7500

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 13.94
  • Number Of Units: 4
  • Total Annual Expense: 38077
  • Type Of Units: Apartment
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Aug 17, 2021
Sold by
Leimert Holdings Llc
Bought by
Bakhshalian Neema and Poya Hasti
Seller's Agent
Enrique Viramontes
Remax Commercial and Investment Realty
Buyer's Agent
Parastou Asadian
List Price
$2,475,000
Sold Price
$2,475,000
Current Estimated Value
$2,718,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,290
Avg. Annual Appreciation
1.75%
Original Mortgage
$1,732,500
Outstanding Balance
$1,579,878
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,072,552

Purchase Details

Closed on
Nov 4, 2020
Sold by
Piera Pedro
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
$1,152,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 2019
Sold by
Piera Leticia
Bought by
Piera Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Interest Rate
3.5%

Purchase Details

Closed on
Dec 29, 2016
Sold by
Ellis George L
Bought by
Ellis George Lowell and George L Ellis Revocable Living Trust
Source: Public Records

Range of Values:

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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
Bakhshalian Neema $2,475,000 Fidelity Natl Ttl Builder Sv
Leimert Holdings Llc -- Fidelity National Title Co
Piera Pedro -- Fidelity National Title Co
Piera Pedro $650,000 Fidelity National Title Co
Ellis George Lowell -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bakhshalian Neema $1,732,500
Previous Owner Leimert Holdings Llc $1,152,000
Previous Owner Piera Pedro $552,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $2,475,000 0.0% $502 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $2,475,000 -- $502 / 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 $36,446 $3,042,481 $1,050,595 $1,991,886
2024 $36,446 $2,982,826 $1,029,996 $1,952,830
2023 $30,533 $2,524,500 $1,009,800 $1,514,700
2022 $29,095 $2,475,000 $990,000 $1,485,000
2021 $7,957 $656,733 $525,387 $131,346
2020 $8,036 $650,000 $520,000 $130,000
2019 $3,010 $236,243 $82,594 $153,649
2018 $2,942 $231,612 $80,975 $150,637
2016 $2,802 $222,621 $77,832 $144,789
2015 $2,762 $219,278 $76,663 $142,615
2014 $2,780 $214,984 $75,162 $139,822
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-759222

The MLS

APN: 2237-021-013