Active

10803 Otsego Street

North Hollywood CA, 91601

$3,800,000


$332.52 per sqft

Active

16 Beds

17 Baths

11,428 sqft

Residential

Built in 1964

Welcome to Mesa Otsego, A Prime Investment Opportunity in North Hollywood! Tucked away on a quiet, tree-lined street in the heart of NorthHollywood. Mesa Otsego is a well-maintained 16-unit apartment building offering stability and upside potential. Projected future income could be $28,200/mth or $338,400/year. The property consists of 14 one-bedroom, one-bathroom units, each with a covered carport parking spot, and a spacious two-bedroom, two-bathroom manager's unit, which is currently vacant, allowing the flexibility to choose your resident manager. Three units will be delivered vacant, providing an excellent opportunity for owner occupancy or market-rate rentals. The property has undergone key upgrades, including a completed soft-story retrofit and a newer electrical panel. 3 Units are currently vacant and ready to rent to new tenants. Residents can enjoy a refreshing pool, on-site community laundry, and, in select units, private outdoor spaces. Beyond the property, Mesa Otsego offers unbeatable access to the best of the NOHO Arts District. Just moments away, you'll find some of the neighborhood's hottest restaurants, including The Federal, a stylish gastropub with craft cocktails; Idle Hour, the iconic barrel-shaped bar with a lively atmosphere; and The Front Yard, a local favorite serving elevated California cuisine. Enjoy world-class entertainment at The Road Theatre Company and the historic El Portal Theatre, or grab a coffee at the ever-popular Groundwork Coffee Co.. With Metro access nearby, commuting is a breeze, making this an attractive location for renters. Drive by only. Do not disturb tenants. All offers are subject to interior inspection.

25505227

MLS ID

March 4, 2025

Listed

March 12, 2025

Updated

Interior Features

Total Stories

2


Bedrooms

16


Total Bathrooms

17


Interior Features

Ceiling Fan(s)


Appliances

Dishwasher, Gas Cooktop, Disposal, Gas Oven, Range, Refrigerator


Laundry Description

Common Area, Laundry Room


Floor Description

Carpet, Laminate, Tile, Vinyl


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.29 Acres


Architectural Style

Traditional


Roof

Composition


Security

Gated Community

Other Property Details

Area Name

NHO - North Hollywood


Days on Market

8


Garage

No


Parking

Assigned, Covered, Carport


Parking Total

15


View

No


County

Los Angeles


Pool

Yes


Pool Features

Fenced, In Ground


Zoning

LARD1.5

Listed by Gina Isaac, Nourmand & Associates-HW, CA DRE 01437713

Listing Contact: 323-462-6262 

Based on information from the CRISNet MLS as of 3/12/2025, 12:46 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

©2025 CRISNet MLS. All rights reserved. 

Powered byLuxury Presence