$1,400,000 Price Analysis   ♡   Van Nuys, CA 91401 9 bed 7 bath 4,931 SqFt ($283/SqFt) 7,500SqFt lot. Built 1960 Listed 2024-06-24, Taxes $5,988 | Ⓧ USDA Ineligible due to price & location near Kester |
We are pleased to present 14248 Gilmore St
A 2-story, 7-unit, true value-add multi-family investment opportunity with approximately 65%+ rental upside potential, located in the highly desirable Van Nuys submarket of Los Angeles, east of Van Nuys Boulevard and north of Victory Boulevard. Built in 1960, the building is comprised of 1 (2+1), 5 (1+1) and 1 single units that average approximately 704 gross square feet. The 4, 931 square foot structure is situated on a 7, 500 square foot, LA[Q]RD1.5-1 zoned lot that includes 7 individual parking spaces. The property features big units with lots of natural light. Select units boast new flooring, fresh paint, wall AC units in living rooms, large mirrored closets in bedrooms, updated kitchens with new stoves and dining areas are adjacent to the kitchens. The building is separately metered for gas and electric and provides tenants with assigned parking, on-site laundry and included water and trash services. With a fantastic WalkScore of 85, the property's central Van Nuys location offers residents easy access to countless shopping, dining, public parks and recreation options in Van Nuys, Sherman Oaks, Lake Balboa and Panorama City.
The Sepulveda Recreation Area, which is home to Balboa Golf Course, Sepulveda Sports Complex, The Japanese Garden and Lake Balboa, is 1.8 miles to the west. The 405 Freeway is 1.7 miles to the west of the property and the 101 Freeway is 2.3 miles to the south. The 170 Freeway is 2.4 miles to the east, the 5 Freeway 5.6 miles to the northeast and the 118 Freeway can be accessed 7.2 miles to the north. The Metro G Line (Orange) Busway, which runs almost the length of the entire San Fernando Valley and connects to the Metro Red Line to Downtown Los Angeles, can be accessed at the Van Nuys Metro G Line (Orange) Station, 0.7 miles to the south. The East San Fernando Valley Light Rail Transit Project, currently under development, will significntly enhance the connectivity and transportation options for residents. This 9.2-mile light rail project will improve connections and access to key destinations while reducing congestion and fostering economic growth along the route.14248 Gilmore St is well-positioned for a skilled value-add investor, with the building's front garages presenting a prime ADU conversion opportunity and a higher-end renovation program would optimize market rents, appreciation and future returns. The property's premium location near transportation, grocery stores, restaurants and shops makes it an attractive investment in the vibrant Van Nuys neighborhood submarket.
Presented by Matthew R. Kanner at
Keller Williams Realty Los Feliz.
Property MLS #24-407107 from TheMLSCLAW
Full Bathrooms: 7
Heating Features: Wall
Lot Size Dimensions: 50x150
Lot Size Source: Assessor
Lot Size Square Feet: 7500
Parking Total: 7
Calculated Total Monthly Association Fees: 0
Number of Units: 7
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 1800, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 11000, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 2600
County: Los Angeles
Directions: 14248 Gilmore St is ideally situated in Van Nuys, 0.1 miles north of Victory Blvd., 0.3 miles east of Van Nuys Blvd., 0.3 miles west of Hazeltine Ave and 0.5 miles south of Vanowen St.
Source Property Type: Residential Income
Area: East Van Nuys
Source Neighborhood: East Van Nuys
Parcel Number: 2237-020-003
Postal Code Plus 4: 1925
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $175,394 + $242,213 $417,607 | $5,988 |
| 2021 | $171,955 + $237,464 $409,419 | $5,895 |
| 2020 | $170,192 + $235,030 $405,222 | $5,941 |
| 2019 | $166,855 + $230,422 $397,277 | $5,743 |
| 2018 | $163,584 + $225,904 $389,488 | $5,605 |
| 2017 | $160,377 + $221,475 $381,852 | $5,453 |
| 2016 | $157,233 + $217,133 $374,366 | $5,285 |
| 2015 | $154,872 + $213,872 $368,744 | $5,219 |
| 2014 | $151,839 + $209,683 $361,522 | $5,282 |
| 2013 | $151,153 + $208,736 $359,889 | $5,273 |
| 2012 | $148,190 + $204,644 $352,834 | $5,339 |
| 2010 | $145,285 + $200,632 $345,917 | $5,164 |
| 2009 | $144,543 + $199,607 $344,150 | $4,989 |
| 2009 | $144,200 + $199,133 $343,333 | $4,989 |
| 2008 | $141,709 + $195,694 $337,403 | $4,804 |
| 2007 | $138,931 + $191,857 $330,788 | $4,599 |
$1,400,000
TheMLSCLAW
Sold 2001-08-03
$300,000
Public Record
Sold 1997-07-31
$167,000
Public Record
Sold 1981-07-03
$176,500
Public Record
Year Built: 1960
Levels: Two Level
Living Area Source: Assessor
Property Age: 64
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  | |||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.