14902 Gilmore Street, Van Nuys,
California CA91411-1446
Listing ID21741924
4,600
SqFt
0.146
Acres
$1,390,000
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.