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    14902 Gilmore St

    Van Nuys, CA 91411
    • $1,450,000
    • STATUS: Active
    • ON SITE: 18 days
    • MLS #: 21-741924
    UPDATED: 37 min ago
    $1,450,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,600
      SQFT
    • $315
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-20T16:42:40.763. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/117781137
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    14902 Gilmore St Van Nuys, CA 91411

    • Price: $1,450,000
    • Status: Active
    • Updated: 37 min ago
    • MLS #: 21-741924
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    4,600
    SQFT
    $315
    $/SQFT
    1974
    Built
    Neighborhood:
    East Van Nuys
    County:
    Los Angeles
    Area:
    East Van Nuys
    Property Description
    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.
    Exterior Features

    Lot Size Area 6367 Other Structures None Parking Garage Gated Total Parking 8

    Interior Features

    Baths Total 7.00 Cooling Wall/Window Equipment Built-Ins Heating Wall

    Property Features

    Gross Income 115687 Gross Operating Income 112216 Like Units1 7 Net Operating Income 79756.00 Number Of Buildings 1 Number Of Units 7 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 34860 Type Of Units 7 Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Jeanette Monfared DRE#00765098 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-20T16:42:40.763. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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