11725 Gilmore St - Apartments FOR SALE


North Hollywood, CA 91606
$4,200,000 USD
11725 Gilmore St, North Hollywood, CA for Sale
$4,200,000 USD
Apartments - FOR SALE
1/30
null | 5.63% Cap Rate

11725 Gilmore St
North Hollywood, CA 91606


HIGHLIGHTS

  • 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.
  • 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.
  • Convenient On-Site Laundry: A dedicated laundry room serves all 15 units, offering a high-demand lifestyle amenity that supports long-term occupancy.

OVERVIEW

The Azzi Group of Marcus & Millichap is pleased to present 11725 Gilmore Street, a 15-unit multifamily investment opportunity in North Hollywood (91606). Built in 1963, the three-story, fee-simple asset totals approximately 18,999 SF on a 15,015 SF lot and features a rare unit mix of oversized, townhome-style two-bedroom residences, with most units exceeding 1,300 SF. The property has received meaningful capital improvements, including a complete roof replacement completed approximately one year ago and full copper repiping in 2005, reducing near-term and long-term maintenance risk. Electrical panels installed by Blakeman Electric are insurance-compatible and accepted by major carriers. Additional highlights include 17 on-site parking spaces, separately metered electricity, master-metered water and gas, and a dedicated on-site laundry room providing ancillary income. Offered for the first time in approximately 25 years, 11725 Gilmore Street presents a rare opportunity to acquire a well-maintained asset with durable construction, strong fundamentals, and exceptional unit sizes in a highly desirable North Hollywood submarket.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$221 USD /SF

# OF UNITS

15

PRICE/UNIT

$280,000

CAP RATE

5.63%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mountain View

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,061 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2322-017-045

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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