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For Sale

$2,549,999

14203 Gilmore St
van Nuys, CA 91401

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. Read More

Market Status
Sale Pending
Last Updated
June 15, 2021

Property Type
Multi Family
Year Built
2021
Stories
2
Stories
2.0
Central Air
-
Parking
Tandem; 8 spaces
Property Type
MultiFamily;

Local Market Conditions

There are currently 29 properties for sale in the van Nuys, CA area with the average listing price of $865,026. This represents a decrease of -1.2% over the previous week. The 2 bedroom homes saw the largest decrease in the average listing price over the previous week with a -10.5% decrease. To learn more about the van Nuys, CA area, contact a local expert!

Market Snapshot for van Nuys, CA

Avg. Listing Price

$865,026

Wk ending Jun 12

$-10,929

-1.2%

w-o-w

29

37

23

12

10

10

Average Listing Price for van Nuys, CA
No. BedroomsNo. Beds Week Ending
(Jun 12)
w-o-w Week Ending
(Jun 5)
Week Ending
(May 29)
Week Ending
(May 22)
All PropertiesAll $865,026 -1.2% $875,955 $849,956 $866,108
1 bedroom1 BR - +0.0% - - -
2 bedrooms2 BR $566,975 -10.5% $633,380 $644,475 $504,450
3 bedrooms3 BR $829,918 -3.0% $855,853 $806,916 $793,172
4 bedrooms4 BR $865,714 +1.6% $852,250 $861,000 $870,375

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Listing Provided By:

Enrique Viramontes

Phone
This $2,549,999 Multi Family at 14203 Gilmore St in van Nuys, CA is presented by Enrique Viramontes. This $2,549,999 Multi Family, located in the 91401 zip code, has the following property features: Parking, Stories, Central Air, Property Type. This 14203 Gilmore St Multi Family is listed under MLS listing number 21-712998 and has a listing price of $2,549,999. You can find more van Nuys homes for sale here.

Data Provided by Combined LA Westside Multiple Listing Service, Inc

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