About this home

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.*

Facts and features

Schools

• Calvert Charter For Enriched Studies

  elementary · K-5 · 0.6 mi

  5

• Reseda Senior High School

  middle · 6-12 · 1.5 mi

  4

• Kirk O' The Valley School

  elementary · K-5 · 0.5 mi

• Gaspar De Portola Middle School

  middle · 6-8 · 1.7 mi

  9

• Woodcrest School

  elementary · K-8 · 0.5 mi

• Woodcrest Preschool

  elementary · K-5 · 0.5 mi

Price history

• Oct 13, 2026 · Listed$1,250,000
• Nov 27, 2024 · Sold$1,150,000
• Oct 22, 2024 · Listed$1,150,000
• Jul 12, 1988 · Sold$310,000
• Aug 22, 1986 · Sold$45,500

Tax history

• 2025$14,711 tax · $1,173,000 assessed
• 2024$17,744 tax · $1,150,000 assessed
• 2023$14,745 tax · $1,144,440 assessed
• 2022$7,398 tax · $548,163 assessed
• 2021$7,293 tax · $537,416 assessed
• 2020$7,367 tax · $531,907 assessed
• 2019$7,107 tax · $521,478 assessed
• 2018$7,001 tax · $511,254 assessed

Home value

$1,130,000

• Collateral Analytics$1,130,000
• Quantarium$1,125,979

Where it is