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Listed by Lauren Cearley • Myunits.com Inc.
$5,599,000
Est. payment /mo
13,819 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 13,819 sqft
Price per Sqft $405
MLS Listing ID BB-26198714
Year Built 2025
Lot Size 0.258 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
11810 W Gilmore St is a fully leased, 2025-built 8-unit portfolio offering a combination rarely found: two side-by-side fourplexes on one lot, 32 rentable bedrooms, 16 parking spaces and a 5.86% cap rate, all located in prime Valley Glen.
This rare portfolio consists of six expansive 4-bedroom residences,
one highly rentable 5-bedroom and one spacious 3-bedroom. The
portfolio generates $418,320 in annual gross income and is offered
fully stabilized with established rental history. All units are separately
metered for gas and electric and water is submetered for each unit,
eliminating any owner utility expenses.
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 at the intersection of Valley Glen and North Hollywood, 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.
This rare portfolio consists of six expansive 4-bedroom residences,
one highly rentable 5-bedroom and one spacious 3-bedroom. The
portfolio generates $418,320 in annual gross income and is offered
fully stabilized with established rental history. All units are separately
metered for gas and electric and water is submetered for each unit,
eliminating any owner utility expenses.
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 at the intersection of Valley Glen and North Hollywood, 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 C24 - Northern (L)
Interior
Heating Central
Fireplaces Type None
Laundry Inside
Exterior
Parking Features Assigned
Garage Spaces 10.0
Pool None
Community Features Curbs, Sidewalks, Street Lights
View Y/N Yes
View City Lights
Building
Lot Description Landscaped
Sewer Public Sewer
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Nearby Locations
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900