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.
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