14248 Gilmore Street
$1,400,000
9
7
4,931
4,931
$284
Description
We are pleased to present 14248 Gilmore St, a 2-story, 7-unit, true value-add multi-family investment opportunity with approximately 66%+ rental upside potential, located in the highly desirable Van Nuys submarket of Los Angeles, just east of Van Nuys Boulevard and north of Victory Boulevard. Built in 1960, the building is comprised of 1 (2+1), 5 (1+1), and 1 single units that average approximately 704 gross square feet. The 4,931 square foot structure is situated on a 7,500 square foot, LA[Q]RD1.5-1...We are pleased to present 14248 Gilmore St, a 2-story, 7-unit, true value-add multi-family investment opportunity with approximately 66%+ rental upside potential, located in the highly desirable Van Nuys submarket of Los Angeles, just east of Van Nuys Boulevard and north of Victory Boulevard. Built in 1960, the building is comprised of 1 (2+1), 5 (1+1), and 1 single units that average approximately 704 gross square feet. The 4,931 square foot structure is situated on a 7,500 square foot, LA[Q]RD1.5-1 zoned lot that includes 11 parking spaces. The property features spacious units with lots of natural light. Select units boast new flooring, fresh paint, wall AC units in living rooms, large mirrored closets in bedrooms, updated kitchens with new stoves, and dining areas are adjacent to the kitchens. The building is separately metered for gas & electric and provides tenants with assigned parking, on-site laundry, and included water and trash services. With a great WalkScore of 85, the property's central Van Nuys location offers residents easy access to countless shopping, dining, public parks, and recreation options in Van Nuys, Sherman Oaks, Lake Balboa, and Panorama City. The Sepulveda Recreation Area, which is home to Balboa Golf Course, Sepulveda Sports Complex, The Japanese Garden, and Lake Balboa, is 1.8 miles to the west. The 405 Freeway is 1.7 miles to the west of the property, and the 101 Freeway is 2.3 miles to the south. The 170 Freeway is only 2.4 miles to the east, the 5 Freeway 5.6 miles to the northeast, and the 118 Freeway can be accessed 7.2 miles to the north. The Metro G Line (Orange) Busway, which runs almost the length of the entire San Fernando Valley and connects to the Metro Red Line to Downtown Los Angeles, can be accessed at the Van Nuys Metro G Line (Orange) Station, only 0.7 miles to the south. The East San Fernando Valley Light Rail Transit Project, currently under development, will significantly enhance the connectivity and transportation options for residents. This 9.2-mile light rail project will improve connections and access to key destinations while reducing congestion and fostering economic growth along the route.14248 Gilmore St is well-positioned for a skilled value-add investor, with the building's front garages presenting a prime ADU conversion opportunity, and a higher-end renovation program would optimize market rents, appreciation, and future returns. The property's premium location near transportation, grocery stores, restaurants, and shops makes it an attractive investment in the vibrant Van Nuys neighborhood submarket.
- Listed by Matthew R. Kanner • DRE #01349203 • Brokerage DRE #01269474 • Keller Williams Realty Los Feliz
Property Details for 14248 Gilmore Street
Zoning
LARD1.5
Parcel Number2237020003
Total Units7.0
Living Area4931
Source Living AreaAssessor
AreaEast Van Nuys
Vacancy RateNone
Lot Size Area7500
LISTING UPDATED: 12/02/2024 09:52 AM
Property Details for 14248 Gilmore Street
Status | Active |
---|---|
MLS # | 24-407107 |
Days on Market | 176 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1960 |
Lot Size | 0.17 AC / 7,500 SF |
County | Los Angeles County |
Building Information for 14248 Gilmore Street
Stories2Residences-Year Built1960Building Size-Lot Size0.17 AC / 7,500 SF
Property Information for 14248 Gilmore Street
Property History for 14248 Gilmore Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 14248 Gilmore Street
Taxable ValueLand$251,998Additions$185,879Total$437,877
Tax Record2024$6,344 ($529 / month)
Home Facts
Total Finished SqFt4,931 SqFtAbove Grade Finished SqFt4,931 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningLARD1.5CountyLOS ANGELESAPN2237-020-003
Schools near 14248 Gilmore Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Van Nuys Elementary School PublicK to 5 | ||
Van Nuys Middle School Public6 to 8 | ||
Van Nuys Senior High School Public9 to 12 | ||
Ararat Charter School CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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