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Mountain View 11725 Gilmore St 15 Unit Apartment Building $4,200,000 ($280,000/Unit) 5.63% Cap Rate North Hollywood, CA 91606
Investment Highlights
- Recent Capital Improvement: Complete roof replacement completed approximately one year ago, reducing near-term maintenance and capital risk.
- Insurance-Compatible Electrical Infrastructure: Electrical panels are from Blakeman Electric, which are accepted by major insurance carriers.
- Separately Metered Electric: All units are separately metered for electricity, allowing tenants to pay their own usage.
- Upgraded Plumbing Infrastructure: Entire building repiped with copper in 2005, reducing long-term maintenance risk.
- Strong Parking Ratio: 17 on-site parking spaces for a 15-unit property.
- Convenient On-Site Laundry: A dedicated laundry room serves all 15 units, offering a high-demand lifestyle amenity that supports long-term occupancy.
Executive Summary
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.
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,200,000 | Building Class | C |
| Price Per Unit | $280,000 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 18,999 SF |
| Cap Rate | 5.63% | Average Occupancy | 93% |
| Gross Rent Multiplier | 10.9 | No. Stories | 3 |
| No. Units | 15 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 0.89/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3, Los Angeles | ||
| Price | $4,200,000 |
| Price Per Unit | $280,000 |
| Sale Type | Investment |
| Cap Rate | 5.63% |
| Gross Rent Multiplier | 10.9 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 18,999 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 1963 |
| Parking Ratio | 0.89/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1.5 | 8 | - | - |
| 2+2 | 4 | - | - |
| 3+1.5 | 1 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2322-017-045 | Improvements Assessment | $837,798 |
| Land Assessment | $367,659 | Total Assessment | $1,205,457 |
Property Taxes
Parcel Number
2322-017-045
Land Assessment
$367,659
Improvements Assessment
$837,798
Total Assessment
$1,205,457
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Mountain View | 11725 Gilmore St
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