14115-14119 Gilmore St
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14115-14119 Gilmore St
12 Unit Apartment Building $2,240,000 ($186,667/Unit) 5.06% Cap Rate Van Nuys, CA 91401
Investment Highlights
- First time on the market in over 50 years
- Excellent unit mix of (10) 1+1 units and (2) 2+1 units
- Substantial upside in rents
- Well-maintained property
Executive Summary
Equity Union Commercial is proud to represent this 12 unit property in Van Nuys.
One building was built in 1954 and the other was built in 1956. Together, the unit mix consists of (10) 1+1 units and (2) 2+1 units. With a lot size of 14,990 square feet, the property has a total of 7,944 rentable square feet.
The property is situated in Van Nuys with close access to the 405, 101, and 170 freeways. Ventura Blvd. is just minutes away with all of its restaurants and shopping while the metro link transportations service allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles.
One building was built in 1954 and the other was built in 1956. Together, the unit mix consists of (10) 1+1 units and (2) 2+1 units. With a lot size of 14,990 square feet, the property has a total of 7,944 rentable square feet.
The property is situated in Van Nuys with close access to the 405, 101, and 170 freeways. Ventura Blvd. is just minutes away with all of its restaurants and shopping while the metro link transportations service allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $2,240,000 | Property Subtype | Apartment |
| Price Per Unit | $186,667 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.06% | Lot Size | 0.34 AC |
| Gross Rent Multiplier | 12.78 | Building Size | 7,944 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Price | $2,240,000 |
| Price Per Unit | $186,667 |
| Sale Type | Investment |
| Cap Rate | 5.06% |
| Gross Rent Multiplier | 12.78 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 7,944 SF |
| No. Stories | 2 |
| Year Built | 1956 |
Unit Amenities
- Air Conditioning
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
| 2+1 | 2 | - | - |
1 of 1
Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $143,673 (2024) | |
| Land Assessment | $88,392 (2024) | Total Assessment | $232,065 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$88,392 (2024)
Improvements Assessment
$143,673 (2024)
Total Assessment
$232,065 (2024)
zoning
| Zoning Code | LAR3 |
| LAR3 |
-
Cindy Hill -
Equity Union Real Estate
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14115-14119 Gilmore St
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