14227 Gilmore

06-30-2022
07-11-2022

14227 Gilmore St, Van Nuys, CA 91401

  • Compelling Value-Add Opportunity: Investors will have the opportunity to capture 54.10% ($627) upside in rental income by renovating the units.
  • Double Digit Returns: Once rents have been brought to market, investors can expect to net nearly double-digit returns.
  • Strong Rental Growth Projection: Van Nuys is projected to see average annualized rent growth of 3.91% over the next 5 years while maintaining average annual occupancy of above 97.6%
  • Strong Demand Drivers: A short 15 to 20-minute drive from some of the LA County's most prominent job centers: Warner Center and Burbank, the Property provides tenants with an affordable neighborhood at a fraction of the cost (Van Nuys rents are 38% to 60% cheaper than Burbank and Warner Center, respectively) while still being close to jobs and entertainment.

Property Description

THG Multifamily, as the exclusive listing agent, is pleased to present for-sale 14227 Gilmore (The “Property”), a 22-unit value-add multifamily property in Van Nuys, just north of the Sherman Oaks border. The Property is centrally located and is a short drive to Ventura Boulevard (the main artery of San Fernando Valley) giving residents of the Property unparalleled accessibility to an array of retail amenities, dining options, and nearby recreation & entertainment venues. Additionally the Property offers investors the opportunity to significantly increase rents by renovating units and common area spaces.

Key Property Information

Listing Status
Available
Multifamily type
Garden Style
No. of Units
22
Cap Rate
3.11%
Year Built
1963
Building Size
22,499 Sq ft
Lot Size
22651.2 acres
No. of Stories
2
Opportunity Zone
No
Price per unit
$ 0
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34.188009, -118.442982

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