14812 Gilmore, Van Nuys, CA 91411

Property Description

We are pleased to introduce the property at 14812 Gilmore Street in Van Nuys. The investment offers attractive 12.4 GRM and 5.4% cap based on actual income. New financing is available with 30% down payment with approximate interest rate of 4 percent. The investment boasts spacious 8 unit building located in Van Nuys in opportunity zone area. The 2 story building consists of three 2 bed / 2 bath apartments, one 2 bed / 1 bath apartment and four 1 bed / 1 bath apartments. The subject was recently painted, has on-site parking and is individually metered for gas and electricity. Built in 1964, situated on approximately 7500 square foot lot. Situated in highly dense rental market, in the revitalizing city of Van Nuys, bordering Sherman Oaks. The property offers an excellent walk score of 81. Subject is near major public transportation (Metro Orange Line), Hospitals (Valley Presbyterian), LA County Recorders Office, court house and schools. Buyers to independently investigate the accuracy of all the information pertaining to the property and conduct their own due diligence through appropriate professionals. Submit offers by 8-7-2019 at 4 pm.