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11810 Gilmore St
North Hollywood, CA 91606
11810 Gilmore St · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Conveniently Located Near NoHo West
- Close to Burbank and 170 Freeway
- Roof Top Decks On All Units! (Views of the Hollywood Hills and Burbank Mountains)
EXECUTIVE SUMMARY
FULLY VACANT 8 UNIT COMPOUND!! Presenting 11810 Gilmore St, a brand-new, 8-unit townhouse complex offering modern design, spacious layouts, and premium finishes in the heart of North Hollywood. Situated in an Opportunity zone, this stunning new development consists of four duplex buildings with a desirable unit mix: six 4 bed/4 bath units, one 3 bed/3 bath unit, and one 5 bed/4 bath unit. Each unit features open-concept living spaces, expansive windows that bring in natural light, and private rooftop decks. The property includes parking for 14 cars, with room for an additional four vehicles. Designed for strong cash flow and minimal upkeep, this extremely low-maintenance property is projected to generate $444,720 annually ($37,060/month) with a cap rate of 5.8%. Currently 100% vacant, the property can be purchased as-is, providing flexibility for an investor to lease at market rents from day one. Located minutes from the 101 and 134 freeways, tenants enjoy convenient access to all of Los Angeles. Just around the corner, NoHo West offers premier shopping, dining, and entertainment, while the NoHo Arts District provides a vibrant cultural scene with theaters, nightlife, and boutique shops. A rare opportunity to own a high-performing, turn-key asset in one of LA's most sought-after rental markets.
PROPERTY FACTS
| Price Per Unit | $1,024,202 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 5.67% | Building Size | 26,635 SF |
| Gross Rent Multiplier | 13.48 | Average Occupancy | 0% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 1.01/1,000 SF |
| Apartment Style | Townhome | Opportunity Zone |
Yes
|
| Zoning | RD1.5 - Small Lot Subdivision - division of a lot into four, five, or six units, with a minimum area of 1,500 square feet per dwelling unit. | ||
| Price Per Unit | $1,024,202 CAD |
| Sale Type | Investment |
| Cap Rate | 5.67% |
| Gross Rent Multiplier | 13.48 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 26,635 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 1.01/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RD1.5 - Small Lot Subdivision - division of a lot into four, five, or six units, with a minimum area of 1,500 square feet per dwelling unit. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+4 | 6 | $6,329 CAD | 1,685 - 1,785 |
| 3+3 | 1 | $5,916 CAD | 1,539 |
| 5+4 | 1 | $6,880 CAD | 1,929 |
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