19406 Gilmore
Reseda, CA, 91335 $ 1,250,000
Bedrooms-- Baths1.0 Sq 4,294 Monthly Estimate*
$ 8,633
Listed by Anahit Petrosyan, HK Realty, opesrealty@gmail.com
for $1,250,000 with 1 full bath. This 4,294 square foot home was built in 1958 on a lot size of 0.1639.
PRIME 6-UNIT INVESTMENT OPPORTUNITY IN THE HEART OF THE SAN FERNANDO VALLEY ! Excellent opportunity to own a well-maintained, income-producing 6-unit multifamily property in a desirable and convenient Reseda location! Situated at 19406 Gilmore Street, this property offers an attractive unit mix of four 1-bedroom, 1-bathroom units and two 2-bedroom, 1-bathroom units, totaling approximately 4,294 square feet on a generous 7,136-square-foot lot. The property features 6 parking spaces, individually metered gas and electricity for each unit, and an established rental history with reliable, long-term tenants who consistently pay their rent on time. Excellent value-add opportunity! Unit #1 has been recently renovated and successfully re-rented at current market rent, demonstrating the property's income potential. The remaining units are rented below market rates, offering investors the opportunity to increase rental income over time through legally permitted rent adjustments, subject to applicable rent control regulations. LOCATION, LOCATION, LOCATION! Conveniently situated just north of Victory Boulevard and west of Tampa Avenue, the property enjoys a central West San Fernando Valley location. Close to Los Angeles Pierce College, Warner Center, Westfield Topanga Shopping Center, restaurants, shopping, schools, and everyday conveniences. Easy access to major Valley thoroughfares adds to the location's appeal for tenants. Whether you're an experienced investor expanding your portfolio or a buyer looking for a multifamily investment with long-term growth potential, this property offers a compelling combination of established rental income, desirable unit mix, convenient parking, a central location, and future income upside. Don't miss this opportunity to acquire a 6-unit income-producing asset in the San Fernando Valley! *Seller intends to complete a 1031 exchange. The transaction will be at no additional cost or expense to the buyer and will not delay the close of escrow. Buyer agrees to cooperate with the seller's 1031 exchange at no cost or liability to the buyer.*
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FeaturesGeneralSewer Public Sewer
HOA Fee 0
Garage Spaces 6
Pool Features None
Year Built 1958
Property Subtype Apartment
Gross Income 101738
Community Features Sidewalks
County Los Angeles
Net Operating Income 60596
Operating Expense 41141
Insurance Expense 0
New Construction false
Property Type Residential Income
HOA false
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions From Victory Blvd head north on Tampa Ave turn west (left) onto Gilmore St.
City Reseda
Entry Location 1
Senior Community Y/N false
Number Of Units Total 6
MLS Area RES - Reseda
Lot Size Units Square Feet
Lot Size Square Feet 7138
Number of Units Leased 6
Listing Terms Cash Conventional 1031 Exchange
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 25
Property Sub Type Additional Apartment
Cap Rate 4.85
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InteriorTotal Stories 2
Common Walls No Common Walls
Laundry Features Laundry Room
Entry Level 1
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ExteriorLot Features 0-1 Unit/Acre
Water Source Public
Total Parking 6
Lot Size Area 7138
Number of Buildings 1
Building Area Total 4294
Lot Size Acres 0.1639
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 6
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
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* Excluded FeaturesList ByAnahit PetrosyanListing Agent
opesrealty@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,633
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Reseda, CA
Average List Price $2,424,753
Percent of Sale Price 94%
About Reseda, CA 74,436 Population
10% Since 2002
$ 52,598 Median Income
37.59 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/13/2026 | $1,250,000 | | Listed Price |