$1,675,000
$1,675,000
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7,501 Sqft Lot
SOLD DATE : 10/09/2019
Key Details
Sold Price $1,675,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR19183954
Sold Date 10/09/19
HOA Y/N No
Year Built 1964
Lot Size 7,501 Sqft
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.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Parking Features Covered
Carport Spaces 8
Pool None
Community Features Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2236020009
Energy Description 1884.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Anie Mayelian • Keller Williams Encino-Sherman Oaks