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14642 Gilmore St 5 Unit Apartment Building $850,000 ($170,000/Unit) 4.23% Cap Rate Van Nuys, CA 91411
Investment Highlights
- 76% rental upside with current rents averaging $1,133 vs. market $1,990.
- Located in a Qualified Opportunity Zone with powerful tax incentives.
- Efficient 5-unit asset with three 1+1 and two 2+1 units on 0.17 acres.
- Offered at $850,000 ($170,000/unit) and $244/SF, well below replacement cost.
- Steps from Metro G-Line and Van Nuys Civic Center, prime transit-oriented location.
- Value-add potential through interior upgrades and loss-to-lease capture.
Executive Summary
David Harrington
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
| Price | $850,000 | Building Class | C |
| Price Per Unit | $170,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,483 SF |
| Cap Rate | 4.23% | No. Stories | 2 |
| No. Units | 5 | Year Built | 1952 |
| Property Type | Multifamily | Parking Ratio | 1.44/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $850,000 |
| Price Per Unit | $170,000 |
| Sale Type | Investment |
| Cap Rate | 4.23% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,483 SF |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 1.44/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2236-022-010 | Improvements Assessment | $121,342 |
| Land Assessment | $182,021 | Total Assessment | $303,363 |
Property Taxes
Parcel Number
2236-022-010
Land Assessment
$182,021
Improvements Assessment
$121,342
Total Assessment
$303,363
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