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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
