14902 Gilmore Street, Van Nuys, CA 91411

About this property

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.

Listing description from the July 2021 sale, as reported to CRMLS.

Sale history

$1,390,000

Sold July 2021 · listed $1,450,000, on market June 2021 · MLS #21741924 · Source: CRMLS

Listing Agent: Jeanette Monfared · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Carlo Honanian · Silver Spoon Properties

$1,135,000

Sold December 2019 · listed $1,170,000, orig. $1,260,000, on market June 2019 · MLS #SR19133886 · Source: CRMLS

Listing Agent: Reza Ghobadi · Listing Office: Reza Ghobadi · Contact: 818-325-4142 · Bought with: Reza Ghobadi · Reza Ghobadi

$1,112,500

Sold December 2016 · listed $1,150,000, on market August 2016 · MLS #16151142 · Source: CRMLS

Listing Agent: Filip Niculete · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Filip Niculete · Marcus & Millichap

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