Listed by Matthews
$890,000
14634 Gilmore Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,679
Units 5
Cap Rate 4.75%
NOI $42,282
Occupancy 97%
Tenancy Multi
Price per SqFt $332
Year Built 1950
Acreage 0.170
Van Nuys Opportunity Zone Deal with 53% Rental Upside
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 in the San Fernando Valley, well below replacement cost.
- Qualified Opportunity Zone (QOZ) Benefits – Located in a federal Opportunity Zone, offering tax advantages including capital gains deferral and potential 100% tax-free appreciation if held for 10 years.
- Transit-Oriented & Civic-Centric Location – Located near Van Nuys Blvd and Victory Blvd, the property leverages its TOC Tier 3 status to offer significant development incentives that drive ROI. Located steps from the Metro G-Line and Van Nuys Civic Center, the site is positioned for high-density residential growth, as well as supporting strong rental demand from a stable workforce.
- Efficient Asset Footprint – Built in 1950, the 2,679 SF property sits on a 0.17-acre lot. The unit mix (1 studio, 4 one-bedrooms) aligns well with the high-demand rental market in Van Nuys.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$42,282.00
$3,523.50/mo
Valuation Metrics
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DSCR
4.75%
Cap Rate
4.75%
ROI
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