11810 Gilmore Street

North Hollywood, CA 91606

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.

Listing courtesy of Michael Fitzgerald of Rise Realty

Based on information from the The MLS as of 2026-07-03 04:54 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.