11736 Gilmore Street
North Hollywood, CA 91606
$6,390,000
About This Home
Introducing 11730 & 11736 Gilmore St, a rare opportunity to acquire two neighboring newly constructed multifamily properties offered together as a 10-unit portfolio investment in the heart of North Hollywood. Built in 2024 and fully stabilized, the properties generate approximately $39,780 in monthly rental income and $477,360 in annual gross income, providing investors with strong in-place cash flow and long-term appreciation potential.These mirror-image luxury buildings feature an exceptional large-unit mix, including four 4-bedroom, 4.5-bath units, four 4-bedroom, 4-bath units, and two 3-bedroom, 2-bath units across both properties. Each residence offers open-concept layouts, expansive living areas, oversized windows, and high-end modern finishes, delivering a premium rental experience designed for today's tenants.Select units feature sweeping mountain views, while all units benefit from dedicated parking. A shared easement between the two properties provides seamless parking access and efficient site functionality for residents.Strategically located in prime North Hollywood, the property sits within close proximity to the 101, 170, and 134 freeways, offering convenient connectivity throughout Los Angeles. Residents are minutes from NoHo West, Universal Studios Hollywood, the NoHo Arts District, the Burbank Media District, and Studio City's premier shopping and dining destinations, making the location highly desirable for entertainment industry professionals and young professionals alike.Additionally, the properties are located within a designated Opportunity Zone, offering investors the potential for significant tax advantages while benefiting from a stabilized, newly built asset.With modern 2024 construction, strong cash flow, luxury large-unit layouts, and a premier North Hollywood location, 11730 & 11736 Gilmore St represent a rare opportunity to acquire a high-performing multifamily portfolio in one of Los Angeles' strongest rental submarkets.
Property Details
Location
Listed by
Michael Fitzgerald
Rise Realty
MLS# CLW-C125316
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