Multifamily
11725 Gilmore St
11725 Gilmore St, Los Angeles, CA 91606
Listing Price: $4,200,000
Cap Rate
5.63%
Number of Units
15
GRM
11.00
Price/Unit
$280,000
Price/Gross SF
$221.06
Gross SF
18,999
Investment Overview
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.
Investment Highlights
- RARE and HIGHLY DESIRABLE unit mix! HUGE townhome-style residences.
- Most 2-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.
Exclusively Listed By
Listing Price: $4,200,000
Cap Rate
5.63%
Number of Units
15
GRM
11.00
Price/Unit
$280,000
Price/Gross SF
$221.06
Gross SF
18,999
Investment Highlights
- RARE and HIGHLY DESIRABLE unit mix! HUGE townhome-style residences.
- Most 2-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.
Investment Overview
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.
Exclusively Listed By