Introducing 11730 Gilmore St, a newly constructed five-unit multifamily investment property located in a designated Opportunity Zone in the heart of North Hollywood. This fully stabilized asset is 100% occupied, generating $19,890 in monthly income ($238,680 annually) and offering investors a rare combination of strong in-place cash flow, modern construction,… Read More and potential Opportunity Zone tax advantages (consult tax professional). The property features an attractive large-unit mix consisting of two 4-bedroom, 4.5-bath units, two 4-bedroom, 4-bath units, and one 3-bedroom, 2-bath unit. Each residence has been thoughtfully designed with open-concept floor plans, spacious living areas, and high-end finishes throughout, catering to today's renters seeking modern, high-quality housing. Select units also feature beautiful mountain views, while all units benefit from dedicated on-site parking.A newly established shared easement between 11730 Gilmore St and the neighboring property at 11736 Gilmore St provides efficient access to parking and improves functionality for residents. The adjacent property is an identical five-unit building, and both properties may be purchased together, creating a rare ten-unit portfolio opportunity in a highly desirable rental market.Ideally positioned in one of the San Fernando Valley's fastest-growing neighborhoods, the property offers convenient access to the 101, 170, and 134 Freeways, allowing residents easy connectivity throughout Los Angeles. The location is also just minutes from major lifestyle and employment hubs including NoHo West, the NoHo Arts District, Universal Studios Hollywood, the Burbank Media District, and Studio City's popular dining and retail corridors.With new construction quality, large family-sized units, strong rental income, and Opportunity Zone tax benefits, 11730 Gilmore St represents a turnkey multifamily investment with long-term growth potential in one of Los Angeles' most vibrant submarkets. Read Less
Property listed by Rise Realty, Michael Fitzgerald 866-344-7473
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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