14902 Gilmore Street

    Van Nuys, CA 91411
    • $1,170,000
    • STATUS: Active
    • ON SITE: 134 days
    • ID#: SR19133886
    UPDATED: 178 min ago
    $1,170,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,600
      SQFT
    • $254
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:

    School Ratings & Info

    Description

    This investment opportunity is located off Kester Avenue and Gilmore Street, just blocks from Van Nuys High School. The property consists of four (4) large studio units, approximately 550 sq. ft., and three (3) large one-bedroom units, each roughly 800 sq. ft. Within the last two years, the property has seen extensive renovations to three of the seven units, including new flooring, paint, bathroom vanities, and kitchen counter tops. This value-add opportunity allows a new investor the ability to turn the remaining four units and capture the strong upside this rental market has to offer.

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    Based on information from CARETS as of 2019-10-18T23:51:08.33. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.rosalietherealtor.com/homes/95634745

    14902 Gilmore Street Van Nuys, CA 91411

    • Price: $1,170,000
    • Status: Active
    • Updated: 178 min ago
    • ID#: SR19133886
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    4,600
    SQFT
    $254
    $/SQFT
    1974
    Built
    Neighborhood:
    Van Nuys (Vn)
    County:
    Los Angeles
    Area:
    Van Nuys (Vn)
    Property Description
    This investment opportunity is located off Kester Avenue and Gilmore Street, just blocks from Van Nuys High School. The property consists of four (4) large studio units, approximately 550 sq. ft., and three (3) large one-bedroom units, each roughly 800 sq. ft. Within the last two years, the property has seen extensive renovations to three of the seven units, including new flooring, paint, bathroom vanities, and kitchen counter tops. This value-add opportunity allows a new investor the ability to turn the remaining four units and capture the strong upside this rental market has to offer.
    Exterior Features

    Carport Spaces Total 3 Common Walls Attached Garage Spaces Total 0.0 Lot Description SidewalksBack Yard Open Other Spaces Total 8 Pool Descriptions No Pool

    Interior Features

    Laundry Locations Laundry Area Total Floors 2 Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bed01 0 Unit Number Of Bed02 1

    Property Features

    Actual Rent Total 7722.00 Cap Rate 4.50 Country United States Of America Expense Electric 1800.00 Expense Gas 2040.00 Expense Insurance 2965.00 Expense Licenses 400.00 Expense Maintenance 3500.00 Expense Operating 39708.00 Expense Pest 540.00 Expense Tax 13994.00 Expense Total Annual 39708.00 Expense Trash 2784.00 Expense Water 6000.00 Gross Operating Income 89884.00 Gross Rent Multiplier 12.63 Gross Scheduled Income 92664.00 Hoa YN N Income Other Desc Pet And Parking Laundry Income 1260.0 Legal Disclosures Rent Control Listing Terms CashCash To New Loan Lot Size Source Public Records Monthly Gross Income 92404.00 Net Operating Income 52696.00 Number Electric Meters 7 Number Gas Meters 7 Number Of Buildings 1 Number Water Meters 0 Other Income1 360.0 Other Income2 900.0 Professional Management 3595.0 Sewer Public Sewer Special Conditions Standard Sale Unit Monthly Rent01 4384.00 Unit Monthly Rent02 3339.00 Unit Projected Total Monthly Rent01 5000.00 Unit Projected Total Monthly Rent02 4395.00 Unit Total Monthly Rent01 4384.00 Unit Total Monthly Rent02 3339.00 Unit Type01 4 Unit Type02 3 Units Total In Complex 7 Vacancy Allow Percent 3.0 Water Water DistrictPublic Zoning Lard1.5

    Listing provided courtesy of Reza Ghobadi DRE#01780045 of Reza Ghobadi.


    Based on information from CARETS as of 2019-10-18T23:51:08.33. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    The Agency
    331 N Foothill Rd, #100
    Beverly Hills CA, 90210