$ 5,795,000
-
$5,795,000
Price -
32
Bed -
31
Bath -
13,819
SqFt
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About the Listing CLW-X83002 - CLW-C125316
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.
Listing Highlights
Status
Active
Days on Site
24
Property Type
Multi-Family
MLS ®
26661793
Year Built
2025
Total Square Footage
13,819
Lot/Acreage
0.26
County
Los Angeles
Interior Details
- Bedrooms: 32
- Bathrooms: 31 Full
- Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 14
- Lot Dimensions: 90x116
- Zoning: LARD1.5
- Roof:
- Others: 2+ Total Units
- Sewer: Other
- Parking Features: Attached Carport,Garage,Tandem
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 2322016030
- Tax Year: N/A
Payment Calculator
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Questions About..
11810 Gilmore St North Hollywood, CA 91606
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