Skip To Content

14843 Gilmore St

Van Nuys, CA 91411
  • $2,150,000
  • STATUS: Active
  • ON SITE: 45 Days
  • MLS #: 22-146205
UPDATED: 33 min ago
$2,150,000
  • 14
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,500
    SQFT
  • $331
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Description

An eight (8)unit apartment building located in the dense rental submarket of Van Nuys. Resting on a 7,499 +/- square foot lot, the Property features a highly desirable unit mix of one (1) studio, six (6) 2 bed and 1 bath units, and (1) 2 bed and 2 bath unit. The Property features 100%copper plumbing, on-site parking, on-site coin operated laundry, and approved plans and paid permits to complete the soft story retrofit. This opportunity also offers an investor 20% +/- of rental upside. The enclosed garage will be delivered vacant and is not assigned to any tenant, there is potential to convert to a Junior ADU. Six units have laminate flooring, and none of the kitchens and bathrooms have been updated. One of the sellers is a general contractor and has estimated roughly $70,000 to complete the soft story retrofit.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T07:42:43.797. 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.searchdesertrealestate.com/homes/127677806
Print Image

14843 Gilmore St Van Nuys, CA 91411

  • Price: $2,150,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 33 min ago
  • MLS #: 22-146205
14
Beds
0
Baths
0
½ Baths
0.17
Acres
6,500
SQFT
$331
$/SQFT
1963
Built
Neighborhood:
East Van Nuys
County:
Los Angeles
Area:
East Van Nuys
Property Description
An eight (8)unit apartment building located in the dense rental submarket of Van Nuys. Resting on a 7,499 +/- square foot lot, the Property features a highly desirable unit mix of one (1) studio, six (6) 2 bed and 1 bath units, and (1) 2 bed and 2 bath unit. The Property features 100%copper plumbing, on-site parking, on-site coin operated laundry, and approved plans and paid permits to complete the soft story retrofit. This opportunity also offers an investor 20% +/- of rental upside. The enclosed garage will be delivered vacant and is not assigned to any tenant, there is potential to convert to a Junior ADU. Six units have laminate flooring, and none of the kitchens and bathrooms have been updated. One of the sellers is a general contractor and has estimated roughly $70,000 to complete the soft story retrofit.
Exterior Features

Lot Size Area 7499 Other Structures None Parking Garage Garage Is AttachedCovered Parking Total Parking 0

Interior Features

Baths Total 9.00 Cooling Wall/Window Equipment Other Heating Wall

Property Features

Assessed Total Value 1043194 Gross Income 158412 Gross Operating Income 153660 Like Units1 1 Like Units2 6 Like Units3 1 Net Operating Income 91903.00 Number Of Buildings 1 Number Of Units 1 Owner Pays Water Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 61757 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Anubhav Kawatra DRE#01881930 of Anubhav Kawatra.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T07:42:43.797. 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.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-146205-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-146205-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-146205-2.jpg
Logo
The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210