North Hollywood, CA 91606,11848 Oxnard St
$2,750,000
$3,100,000
11.3%
Est.Price: ?

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16 BD
14 BA
10,132 SqFt

11848 Oxnard St North Hollywood, CA 91606

Est. payment /mo
SOLD DATE : 04/05/2024

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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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TheMLS (CLAW)
Listed by KRE + Associates
Bought with RE/MAX One

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Todd Kingsley

Agent | License ID: 02118744

+1(310) 710-8633

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