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Danny Navarro

dannynteam@gmail.com +1(949) 903-6633

$ 5,795,000

Est. payment | -/mo

32 Beds

31 Baths

13,819 SqFt

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$ 5,795,000

Est. payment | -/mo

Save

32 Beds

31 Baths

13,819 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 13,819 sqft

Price per Sqft $419

MLS Listing ID 26661793

Bedrooms 32

HOA Y/N No

Year Built 2025

Lot Size 0.258 Acres

Property 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.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Attached Carport, Garage, Tandem

Carport Spaces 10

Pool None

View Y/N Yes

View Mountain(s)

Total Parking Spaces 14

Private Pool No

Building

Story 3

Entry Level Three Or More

Sewer Other

Level or Stories Three Or More

New Construction Yes

Others

Senior Community No

Tax ID 2322016030

Security Features Smoke Detector(s)

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Michael Fitzgerald Rise Realty #02016898

Nearby Locations

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+1(949) 903-6633

dannynteam@gmail.com

2700 N Main St suite 1101, Santa Ana, CA, 92705,Unit, USA

11810 Gilmore ST North Hollywood, CA 91606

Danny Navarro

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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11810 Gilmore ST