11725 Gilmore Street is a 15-unit multifamily investment located in North Hollywood, within the highly desirable 91606 ZIP code of Los Angeles. Built in 1963, this three-story, fee-simple asset spans approximately 18,999 square feet on a 15,015 SF lot and features a rare and highly desirable unit mix of oversized,… Read More townhome-style two-bedroom residences. Most two-bedroom units exceed 1,300 square feet, offering a scale and layout that is increasingly difficult to replicate in today's market and highly attractive to long-term tenants. The property has benefited from significant capital improvements, including a complete roof replacement completed approximately one year ago, substantially reducing near-term capital expenditure risk. Additionally, the building was fully re-piped with copper plumbing in 2005, enhancing durability and minimizing future maintenance concerns. Electrical panels installed by Blakeman Electric are accepted by major insurance carriers and are not on any restricted or uninsurable lists, further strengthening the property's operational profile. The asset offers a strong parking ratio with 17 on-site parking spaces for 15 units, a valuable amenity in this submarket. All units are separately metered for electricity, while water and gas are master metered, allowing for efficient expense management and the potential for future utility reimbursement strategies. A dedicated on-site laundry room serves all residents, providing a high-demand amenity and an additional source of ancillary income. Notably, the property is being offered for the first time in approximately 25 years, presenting investors with a rare opportunity to acquire a well-maintained, generational-quality asset with durable fundamentals, low capital risk, and exceptional unit sizes in one of the San Fernando Valley's most sought-after rental markets. Read Less
Property listed by Tony Azzi, Tony Azzi 310-909-5454
Listing Snapshot
Days Online
46
Last Updated
Beds
29
Square Ft.
18,999
Lot Size
0.34 Acres
Year Built
1963
MLS Number
26650877
Additional Details
Building
Built in 1963, Living area: 18999.0, 1 building, 3 stories, Levels: ThreeOrMore
Income
Gross Income: $385,273, Net Operating Income: $236,403
Lot
0.3447 acres, Dimensions: 63x238
Parking
17 total parking spaces, Covered, Private, Uncovered
Property
UpdatedRemodeled
Taxes
Parcel Number: 2322017045, Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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