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14634 Gilmore St 5 Unit Apartment Building Offered at $1,223,714 CAD at a 4.75% Cap Rate Van Nuys, CA 91411
Investment Highlights
- Attractive Basis in Prime Van Nuys – Offered at $890,000 ($178,000 per unit) and $332/SF, the property provides a low-basis entry point
- Transit-Oriented & Civic-Centric Location – Located near Van Nuys Blvd and Victory Blvd, the property leverages its TOC Tier 3 status
- Efficient Asset Footprint – Built in 1950, the 2,679 SF property sits on a 0.17-acre lot
- Qualified Opportunity Zone (QOZ) Benefits – Located in a federal Opportunity Zone, offering tax advantages including capital gains deferral
- Located steps from the Metro G-Line and Van Nuys Civic Center, the site is positioned for high-density residential growth
- The unit mix (1 studio, 4 one-bedrooms) aligns well with the high-demand rental market in Van Nuys
Executive Summary
David Harrington
License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
| Price | $1,223,714 CAD | Lot Size | 0.17 AC |
| Price Per Unit | $244,743 CAD | Building Size | 2,679 SF |
| Sale Type | Investment | Average Occupancy | 97% |
| Cap Rate | 4.75% | No. Stories | 2 |
| Gross Rent Multiplier | 12.72 | Year Built | 1950 |
| No. Units | 5 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price | $1,223,714 CAD |
| Price Per Unit | $244,743 CAD |
| Sale Type | Investment |
| Cap Rate | 4.75% |
| Gross Rent Multiplier | 12.72 |
| No. Units | 5 |
| Property Type | Multifamily |
| Lot Size | 0.17 AC |
| Building Size | 2,679 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,573 CAD | 450 |
| 1+1 | 4 | $1,611 CAD | 575 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2236-022-009 | Improvements Assessment | $249,522 CAD |
| Land Assessment | $106,793 CAD | Total Assessment | $356,315 CAD |
Property Taxes
Parcel Number
2236-022-009
Land Assessment
$106,793 CAD
Improvements Assessment
$249,522 CAD
Total Assessment
$356,315 CAD
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14634 Gilmore St
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