11810 Gilmore Street, North Hollywood, California 91606

$5,795,000

Bedrooms

32

Bathrooms

31

Square Feet

13,819 sqft

City

North Hollywood

Status

Active

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.