• 4,928 sq.ft.
  • 7,500 sq.ft. lot
offered at $2,549,999
Status: Pending // Property Type:
County: Los Angeles // Year Built: 2021

Property Description

We are proud to present the sale of The Gilmore Apartments. Newly constructed in 2021 (No Rent Control), the property is comprised of four brand new, modern spacious (3+4+Den) apartments. With an open floor plan of over 1,200 SF of living space, each unit has been equipped with luxury living including stainless steel appliances, wide vinyl plank flooring and complete HVAC systems for immediate move-in ready condition. Every unit is separately metered for ALL Utilities: water, gas, and electric!This investment is extremely low maintenance with energy efficient features designed to the latest standards. Very easy to manage with minimal operating expenses, the return on investment from day one makes this property appealing to even the most discerning investors. There are a total of 8 parking spaces - 4 of which are tandem and equipped with conduit hookups for electric car charging stations. Above all, plans have been approved for TWO additional (2+2) ADUs which will be included in the sale! The Buyer will find an added value opportunity upon closing with an additional $5,000 (estimated) of rental income when the additional units are built a cap rate of over 7% possible within weeks of closing (buyer to verify)! The Gilmore Apartments are located just minutes from Sherman Oaks.

Listing Courtesy of Enrique Viramontes, Remax Commercial and Investment Realty

Interior Features

Heating: Central
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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Based on information from California Regional Multiple Listing Service, Inc. as of June 4, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.