
Van Nuys, California 91401
Analysis of 14253 Gilmore Street A, Van Nuys, California 91401 is currently available with a list price of $2,595,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Van Nuys Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1991 (35 years old), the property falls into the Fair category as the majority of the five units remain in original, dated condition. While one unit has been recently renovated with a modern kitchen and new flooring, the others require updates. The systems are well-maintained with central HVAC and a recently siliconed roof, but the overall age and need for improvements across most units align with the Fair criteria.
The property consists of five individually parceled units, providing the unique strategic option to sell units separately or hold the entire complex as a single income-generating asset.
Not subject to Los Angeles RSO or AB1482, the property allows for market-based rental adjustments, offering significantly higher yield potential than typical multi-family assets in the area.
Built in 1991, the units feature high-demand amenities including attached 2-car garages with direct access, central HVAC, and individual metering for all utilities.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 6092, other record living area = 1225.
Only one unit has been updated, leaving four units in need of future improvements to reach their full market rental or resale potential.
The multi-million dollar list price combined with the anticipated costs for unit upgrades may present a high barrier to entry for some investors.
MUST READ...Non Rent Control - Five individually parceled 3-bedroom, 3-bath townhome-style condominium units with attached garages, each with its own parcel numbers (2237-021-026 through 2237-021-030), offering a unique ownership structure with flexibility not commonly found in the marketplace, including the potential for individual unit sales. Built in 1991 and not currently subject to Los Angeles RSO or AB1482, with no local rent cap, allowing for market-based rental adjustments. Each unit features an attached 2-car garage with direct access, private balcony, central HVAC, in-unit laundry hookups, and separate water heater. All units are individually metered for gas and electricity. One unit has been updated, while the remaining units present a clear opportunity for future improvements. The roof has been recently siliconed, helping to reduce near-term maintenance. A rare configuration offering both current income and long-term flexibility in a single asset. Photos are virtually staged.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 6,092 | 1,084.667 |
| Lot Size | 7,502 | 97,215.167 |
| Price | $2.60M | $435.9K |
| Price per sq ft | $426 | $423 |
| Built year | 1991 | 1980 |
| HOA | $0 | $510 |
| Days on market | 17 | 75 |
Aug 23, 2026
$2,595,000
Initial Listing
Nov 22, 2017
$1,475,000
Public Record
Aug 31, 2000
$365,000
Public Record