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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