Listed by Marcus & Millichap - Los Angeles
$4,200,000
11725 Gilmore St
Details
APN 2322-017-045
Property Type Multifamily
Sub Type Apartment Building
Square Footage 18,999
Units 15
Cap Rate 5.63%
NOI $236,403
Occupancy 93%
Pro-Forma Cap Rate 7.88%
Pro-Forma NOI $330,881
Price per SqFt $221
Year Built 1963
Buildings 1
Stories 3
Lot Size (SqFt) 15,015
Zoning LARD1.5
Parking Spaces 17 spaces
Parking Per SqFt 0.89
Ownership Fee Simple
Multifamily | 15 Units | $280,000/unit
Marketing description
The Azzi Group of Marcus & Millichap is pleased to present the opportunity to acquire 11725 Gilmore St, a 15-unit investment opportunity located in the 91606 zip code of North Hollywood, a submarket of Los Angeles, CA.
11725 Gilmore St is situated in vibrant North Hollywood, offering access to the thriving NoHo Arts District, major entertainment
studios, and a blend of urban energy and suburban ease. With Studio City’s upscale scene and Sherman Oaks’ quiet charm nearby,
the location combines culture, creativity, and convenience.
Investment highlights
- Rare and highly desirable unit mix! Huge townhome townhome-style residences. Most 2-bedroom bedroom units over 1,300 sf!!
- Recent capital improvement: complete roof replacement completed approximately one year ago, reducing near-term maintenance and capital risk.
- Upgraded plumbing infrastructure: entire building repiped with copper in 2005, reducing long-term maintenance risk.
- Insurance-compatible electrical infrastructure: electrical panels are from blakeman electric, which are accepted by major insurance carriers and not on any uninsurable lists.
- Strong parking ratio: 17 on-site parking spaces for a 15-unit property.
- Separately metered electric: all units are separately metered for electricity, allowing tenants to pay their own usage and supporting operational efficiency.
- Convenient on-site laundry: a dedicated laundry room serves all 15 units, offering a high-demand lifestyle amenity that supports long-term occupancy and ancillary revenue.
Listing Contacts
Listed by Marcus & Millichap - Los Angeles
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$236,403.00
$19,700.25/mo
Valuation Metrics
0
DSCR
5.63%
Cap Rate
5.63%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Name
License
Is there information that looks off?
