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Listed by Lauren Cearley • Myunits.com Inc.
$ 6,229,000
Est. payment /mo
Active
11730 Gilmore North Hollywood, CA 91606
17,246 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 17,246 sqft
Price per Sqft $361
MLS Listing ID BB-26207786
Year Built 2025
Lot Size 0.320 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
11730-17736 W Gilmore is a fully leased, 2025-built 10-unit portfolio offering a combination rarely found in North Hollywood: two side-by-side five-unit properties, 38 rentable bedrooms, 16 parking spaces, and a
6% cap rate all just 0.5 miles from North Hollywood Arts District.
Situated on two contiguous lots with separate APNs, the portfolio consists of eight expansive 4-bedroom residences and two, highly rentable, 3-bedroom units. Each bedroom in all of the 4-bedroom residences have its own en-suite bathroom,
creating a flexible and highly rentable unit mix that appeals to students, young professionals, families and traditional tenants.
The portfolio generates $473,760 in annual gross income and is offered fully
stabilized with established rental history. Units are separately metered for
gas, electric and water, eliminating any owner utility expenses,
while the side-by-side configuration and separate APNs also provide investors
with the flexibility to pursue residential or commercial financing.
These are not typical rentals. Each townhome-style residence delivers
high-end finishes, open-concept living spaces, oversized kitchen islands, sleek
cabinetry, stainless steel appliances, designer lighting, LVP flooring, in-unit laundry, generous closets, spa-inspired bathrooms and oversized windows that fill the interiors with natural light.
Positioned in the heart of North Hollywood Arts District, Gilmore benefits from strong rental demand and convenient access to some of the Valley's most important entertainment, employment and transit destinations. With its low-maintenance construction, upscale residences and fully stabilized income, the property presents an exceptional turnkey investment opportunity in one of Los Angeles' most dynamic rental markets.
6% cap rate all just 0.5 miles from North Hollywood Arts District.
Situated on two contiguous lots with separate APNs, the portfolio consists of eight expansive 4-bedroom residences and two, highly rentable, 3-bedroom units. Each bedroom in all of the 4-bedroom residences have its own en-suite bathroom,
creating a flexible and highly rentable unit mix that appeals to students, young professionals, families and traditional tenants.
The portfolio generates $473,760 in annual gross income and is offered fully
stabilized with established rental history. Units are separately metered for
gas, electric and water, eliminating any owner utility expenses,
while the side-by-side configuration and separate APNs also provide investors
with the flexibility to pursue residential or commercial financing.
These are not typical rentals. Each townhome-style residence delivers
high-end finishes, open-concept living spaces, oversized kitchen islands, sleek
cabinetry, stainless steel appliances, designer lighting, LVP flooring, in-unit laundry, generous closets, spa-inspired bathrooms and oversized windows that fill the interiors with natural light.
Positioned in the heart of North Hollywood Arts District, Gilmore benefits from strong rental demand and convenient access to some of the Valley's most important entertainment, employment and transit destinations. With its low-maintenance construction, upscale residences and fully stabilized income, the property presents an exceptional turnkey investment opportunity in one of Los Angeles' most dynamic rental markets.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Interior
Heating Central
Fireplaces Type None
Laundry Inside
Exterior
Parking Features Assigned
Garage Spaces 8.0
Pool None
Community Features Sidewalks
Building
Lot Description Landscaped
Sewer Public Sewer
NEARBY SCHOOLS & PROPERTIES
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