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$ 5,795,000
Est. payment | /mo
13,819 SqFt
$ 5,795,000
Est. payment | /mo
13,819 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 13,819 sqft
Price per Sqft $419
MLS Listing ID CL26661793
HOA Y/N No
Year Built 2025
Lot Size 0.258 Acres
Acres 0.2581
Property Sub-Type Other
Property Description
Presenting 11810 Gilmore St, a newly constructed 8-unit multifamily asset located in the highly desirable San Fernando Valley rental market. The property currently has five units occupied, providing immediate in-place income while offering investors the opportunity to complete lease-up and capture additional rental upside.Upon stabilization, the property is projected to generate approximately $35,560 in monthly rental income and $426,720 in annual gross income, representing a projected 5.55% cap rate. This combination of new construction quality, strong projected returns, and remaining lease-up potential makes the property an attractive investment opportunity.The property features modern architectural design and thoughtfully designed floor plans, with each unit offering open-concept layouts, spacious bedrooms, premium flooring, contemporary kitchens with stainless steel appliances, and in-unit washer and dryer. The property's recent construction minimizes maintenance and capital expenditures, allowing investors to focus on maximizing income performance.Strategically located in the San Fernando Valley, the property benefits from convenient access to the 405, 170, and 101 Freeways, providing excellent connectivity to major employment centers throughout Los Angeles. The surrounding area offers a variety of retail, dining, and recreational amenities, contributing to strong tenant demand.With new construction, strong projected income, and lease-up upside, 11810 Gilmore St presents a compelling opportunity to acquire a high-quality multifamily asset with long-term income growth potential in one of Los Angeles' most active rental markets.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Other
Cooling Central Air
Flooring Laminate
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Exterior
View Y/N true
View Mountain(s)
Building
Water Other
New Construction No
Others
Tax ID 2322016030
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Michael Fitzgerald • Rise Realty
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