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14642 Gilmore St
Van Nuys, CA 91411
Multifamily Property For Sale
·
5 Units
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 Under Contract
| Price Per Unit | $143,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.25% | Building Size | 3,483 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1952 |
| Property Subtype | Apartment | Parking Ratio | 1.44/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price Per Unit | $143,000 |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| 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 | - | - |
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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