Sold
Closed
11848 Oxnard Street
North Hollywood CA, 91606
$2,750,000
$271.42 per sqft
Sold
Closed
16 Beds
14 Baths
10,132 sqft
Residential
Built in 1954
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%.
23319587
MLSⓇ ID
October 9, 2023
Listed
October 17, 2024
Updated
Map
11848 Oxnard Street
North Hollywood CA, 91606
Interior Features
Total Stories
2
Bedrooms
16
Total Bathrooms
14
Interior Features
Ceiling Fan(s)
Appliances
Disposal, Range, Refrigerator
Laundry Description
Common Area
Floor Description
Carpet, Laminate, Tile, Wood
Fireplace
Yes
Fireplace Description
Bath, Dining Room, Kitchen, Living Room
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.44 Acres
Architectual Style
Traditional
Other Property Details
Area Name
NHO - North Hollywood
Days on Market
150
Garage
Yes
Garage Spaces
6
Parking
Assigned, Controlled Entrance, Private, Uncovered
Parking Total
17
View
No
County
Los Angeles
Pool
No
Pool Features
None
Zoning
LAR1
Listing History
Date | Event | Price |
---|---|---|
4/5/2024 | Sold | $2,750,000 |
3/8/2024 | Pending | — |
Listed by Laura Klein, KRE + Associates, CA DRE 01435968
Listing Contact: 310-459-7765
Based on information from the CRISNet MLS as of 10/17/2024, 5:28 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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