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14248 Gilmore Street

Van Nuys, CA 91401

$1,400,000

List Price

9

bed Beds

7

shower Baths

4,931 sqft

straighten / sqft

1960

calendar_month Built

Property 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 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.

Listing Information

List Price $1,400,000
Status Active
MLS 24407107
Type Residential Income
Year Built 1960
Lot Size 7,500
Structure Size 4,931
DOM 162
Courtesy Of Keller Williams Realty Los Feliz
Listing Agent Matthew R. Kanner DRE#01349203

Interior Features

Total Bedroom
Bedrooms 9
Total Bathroom
Bathrooms 7
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

home_work Nearby Properties

Image

$6,141/month

king_bed 6
shower 5
straighten 2,461
straighten 7,503
14214 Gilmore Street, #1/2,

Van Nuys, CA 91401
Image

$3,450/month

king_bed 3
shower 3
straighten 1,069
straighten 7,503
14212 Gilmore Street, #1/2,

Van Nuys, CA 91401
Image

$4,308/month

king_bed 4
shower 3
straighten 1,564
straighten 7,503
14214 Gilmore Street, #1,

Van Nuys, CA 91401
Image

$1,099,000

king_bed 3
shower 2
straighten 1,925
straighten 7,563
14258 Hamlin Street,

Van Nuys, CA 91401
Image

$200,000

king_bed N/A
shower N/A
straighten N/A
straighten 6,504
14312 Victory Boulevard,

Van Nuys, CA 91401

Listing information courtesy of: Matthew R. Kanner, Keller Williams Realty Los Feliz 323-664-9033. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 3:36 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.