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11810 Gilmore Street, North Hollywood, CA 91606
Priced at Only: $5,795,000
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Address: 11810 Gilmore Street, North Hollywood, CA 91606
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  • MLS#: 26661793 ( )
  • Street Address: 11810 Gilmore Street
  • Viewed: 8
  • Price: $5,795,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2025
  • Bldg sqft: 0
  • Days On Market: 33
  • Additional Information
  • County: LOS ANGELES
  • City: North Hollywood
  • Zipcode: 91606
  • Provided by: Rise Realty
  • Contact: Michael Michael
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Presenting 11810 Gilmore St, a newly constructed 8 unit multifamily asset located in the highly desirable San Fernando Valley rental market. The property currently has five units occupied, providing immediate in place income while offering investors the opportunity to complete lease up and capture additional rental upside.Upon stabilization, the property is projected to generate approximately $35,560 in monthly rental income and $426,720 in annual gross income, representing a projected 5.55% cap rate. This combination of new construction quality, strong projected returns, and remaining lease up potential makes the property an attractive investment opportunity.The property features modern architectural design and thoughtfully designed floor plans, with each unit offering open concept layouts, spacious bedrooms, premium flooring, contemporary kitchens with stainless steel appliances, and in unit washer and dryer. The property's recent construction minimizes maintenance and capital expenditures, allowing investors to focus on maximizing income performance.Strategically located in the San Fernando Valley, the property benefits from convenient access to the 405, 170, and 101 Freeways, providing excellent connectivity to major employment centers throughout Los Angeles. The surrounding area offers a variety of retail, dining, and recreational amenities, contributing to strong tenant demand.With new construction, strong projected income, and lease up upside, 11810 Gilmore St presents a compelling opportunity to acquire a high quality multifamily asset with long term income growth potential in one of Los Angeles' most active rental markets.
Features
Appliances
  1. Disposal
  2. Microwave
  3. Refrigerator
  4. Dishwasher
Building Area Total
  1. 13819.00
Carport Spaces
  1. 10.00
Cooling
  1. Central Air
Country
  1. US
Fireplace Features
  1. None
Flooring
  1. Laminate
Heating
  1. Central
Laundry Features
  1. Washer Included
  2. Dryer Included
Levels
  1. Three Or More
Netoperatingincome
  1. 321464.00
Parcel Number
  1. 2322016030
Parking Features
  1. Tandem Garage
  2. Attached Carport
Pool Features
  1. None
Postalcodeplus4
  1. 2806
Security Features
  1. Smoke Detector(s)
Sewer
  1. Other
Sourcesystemkey
  1. 26661793:CLAW
Spa Features
  1. None
Tenant Pays
  1. Gas
  2. Trash Collection
  3. Water
  4. Electricity
Totalexpenses
  1. 105256.00
Uncovered Spaces
  1. 4.00
View
  1. Mountain(s)
Year Built
  1. 2025
Year Built Source
  1. Seller
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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