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11736 Gilmore Street, North Hollywood, CA 91606
Priced at Only: $6,390,000
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Address: 11736 Gilmore Street, North Hollywood, CA 91606
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  • MLS#: 26661853 ( )
  • Street Address: 11736 Gilmore Street
  • Viewed: 10
  • Price: $6,390,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2024
  • Bldg sqft: 0
  • Days On Market: 36
  • Additional Information
  • County: LOS ANGELES
  • City: North Hollywood
  • Zipcode: 91606
  • Provided by: Rise Realty
  • Contact: Michael Michael
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Introducing 11730 & 11736 Gilmore St, a rare opportunity to acquire two neighboring newly constructed multifamily properties offered together as a 10 unit portfolio investment in the heart of North Hollywood. Built in 2024 and fully stabilized, the properties generate approximately $39,780 in monthly rental income and $477,360 in annual gross income, providing investors with strong in place cash flow and long term appreciation potential.These mirror image luxury buildings feature an exceptional large unit mix, including four 4 bedroom, 4.5 bath units, four 4 bedroom, 4 bath units, and two 3 bedroom, 2 bath units across both properties. Each residence offers open concept layouts, expansive living areas, oversized windows, and high end modern finishes, delivering a premium rental experience designed for today's tenants.Select units feature sweeping mountain views, while all units benefit from dedicated parking. A shared easement between the two properties provides seamless parking access and efficient site functionality for residents.Strategically located in prime North Hollywood, the property sits within close proximity to the 101, 170, and 134 freeways, offering convenient connectivity throughout Los Angeles. Residents are minutes from NoHo West, Universal Studios Hollywood, the NoHo Arts District, the Burbank Media District, and Studio City's premier shopping and dining destinations, making the location highly desirable for entertainment industry professionals and young professionals alike.Additionally, the properties are located within a designated Opportunity Zone, offering investors the potential for significant tax advantages while benefiting from a stabilized, newly built asset.With modern 2024 construction, strong cash flow, luxury large unit layouts, and a premier North Hollywood location, 11730 & 11736 Gilmore St represent a rare opportunity to acquire a high performing multifamily portfolio in one of Los Angeles' strongest rental submarkets.
Features
Appliances
  1. Disposal
  2. Microwave
  3. Refrigerator
  4. Dishwasher
Building Area Total
  1. 15890.00
Common Walls
  1. 1 Common Wall
Cooling
  1. Central Air
Country
  1. US
Flooring
  1. Laminate
Heating
  1. Central
Laundry Features
  1. Washer Included
  2. Dryer Included
Levels
  1. Multi/Split
  2. Three Or More
Netoperatingincome
  1. 365012.00
Parcel Number
  1. 2322016036
Parking Features
  1. Assigned
  2. Tandem Garage
Pool Features
  1. None
Postalcodeplus4
  1. 2804
Security Features
  1. Gated Community
Sewer
  1. Other
Sourcesystemkey
  1. 26661853:CLAW
Spa Features
  1. None
Totalexpenses
  1. 113548.00
View
  1. Mountain(s)
Views
  1. 10
Year Built
  1. 2024
Year Built Source
  1. Builder
Zoning
  1. LARD1.5
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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