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11848 Oxnard St North Hollywood, CA 91606
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Key Details
Sold Price $2,750,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,132 sqft
Price per Sqft $271
MLS Listing ID 23-319587
Style Traditional
Bedrooms 16
Year Built 1954
Lot Size 0.435 Acres
Property Description
A huge combined corner lot of 18,950 SF and total building SF of 10,132 comprised of 3 income buildings in the burgeoning North Hollywood/Valley Village area! This offering comprises two adjacent properties, 11848 Oxnard St in North Hollywood and 5991 Carpenter St in Valley Village, creating a combined portfolio of 14 units and 17 parking spaces, and must be sold together. 11848 Oxnard St., North Hollywood features two separate buildings, each with its own charm and functionality. The front building consists of (2) 2-bedroom, 1-bathroom units and (2) 1-bedroom, 1-bathroom units, while the rear building houses (2) 2-bedroom, 1-bathroom units. For added convenience, the rear building includes six ground-level parking garages, ensuring secure and ample parking and storage for tenants. 5991 Carpenter St., Valley Village is adjacent to 11848 Oxnard St., and consists of a 2-story building constructed in 1957. This building encompasses eight 1-bedroom, 1-bathroom units, each featuring its own private balcony or patio, providing tenants with a comfortable outdoor space to enjoy, along with 11 surface parking spaces. This property package offers an excellent opportunity for investors looking to expand their portfolio in the highly sought-after North Hollywood and Valley Village areas and gain a stable and potentially lucrative investment. With a substantial upside in rental income and 14 well-maintained units, this property presents significant potential for rental income growth, with estimated rent increases of approximately 40%.
Location
State CA
County Los Angeles
Area North Hollywood
Zoning LAR1
Rooms
Other Rooms None
Kitchen Tile Counters
Interior
Heating Wall
Cooling Wall/Window
Flooring Mixed, Laminate, Wood, Tile, Linoleum, Carpet
Fireplaces Type Kitchen, Living Room, Bath, Dining
Equipment Garbage Disposal, Range/Oven, Refrigerator, Ceiling Fan
Laundry Community
Exterior
Parking Features Controlled Entrance, Assigned, Uncovered, Private Garage
Garage Spaces 17.0
Pool None
Building
Story 3
Others
Special Listing Condition Standard
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Bought with RE/MAX One