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14239 Gilmore St
Van Nuys, CA 91401
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Value-Add Deal
- Great Unit Mix : 1's & 2's
- Ample Parking
- Subject to AB1482 (5% + CPI - Rent Increase)
- ADU Potential - Rear
- Not on LADBS Seismic Retrofit List (Buyer to Verify)
EXECUTIVE SUMMARY
Property subject to AB 1482 (5% + CPI Rent Increase). Built in 1986, 14239 Gilmore Street is a well-maintained 8-unit multifamily property featuring a balanced mix of spacious one- and two-bedroom apartments. The building offers solid construction and functional layouts, appealing to long-term renters and investors seeking stable cash flow. With clear upside potential through modern upgrades and ADU potential at the rear of the property (Buyer to Verify), this asset presents a rare true value-add opportunity in today’s competitive market. Ideally situated in the heart of the San Fernando Valley, the property benefits from a prime central location with strong tenant demand and close proximity to major employment centers, shopping, and entertainment. Tenants enjoy convenient access to the I-405, US-101, and I-5 freeways for seamless connectivity throughout Los Angeles. The area’s consistent rental demand, diverse community, and long-term growth trajectory make 14239 Gilmore Street a highly desirable and enduring investment opportunity.
PROPERTY FACTS Under Contract
| Price Per Unit | $309,515 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.03% | Lot Size | 0.17 AC |
| Sale Condition | 1031 Exchange | Building Size | 6,224 SF |
| Gross Rent Multiplier | 12.17 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | ||
| Zoning | RD1.5, Los Angeles - Restricted Density Multiple Dwelling | ||
| Price Per Unit | $309,515 CAD |
| Sale Type | Investment |
| Cap Rate | 5.03% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.17 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,224 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1986 |
| Zoning | RD1.5, Los Angeles - Restricted Density Multiple Dwelling |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 4 | - | - |
PROPERTY TAXES
| Parcel Number | 2237-021-019 | Improvements Assessment | $1,060,527 CAD |
| Land Assessment | $964,115 CAD | Total Assessment | $2,024,643 CAD |
PROPERTY TAXES
Parcel Number
2237-021-019
Land Assessment
$964,115 CAD
Improvements Assessment
$1,060,527 CAD
Total Assessment
$2,024,643 CAD
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