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$ 5,995,000
Est. payment | /mo
13,819 SqFt
$ 5,995,000
Est. payment | /mo
13,819 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 13,819 sqft
Price per Sqft $433
MLS Listing ID CL25509289
HOA Y/N No
Year Built 2025
Lot Size 0.258 Acres
Acres 0.26
Property Sub-Type Other
Property Description
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 5.54%. 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.
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Other
Cooling Central Air
Flooring Laminate
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Exterior
Utilities Available Other Water/Sewer
View Y/N true
View Mountain(s)
Building
Water Other
New Construction No
Others
Tax ID 2322016030
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Michael Fitzgerald • Power Brokers