North Hollywood, CA 91606,11848 Oxnard ST

$2,750,000

Est. payment /mo

$3,100,000

11.3%
Est.Price: ?

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11848 Oxnard ST North Hollywood, CA 91606

16 Beds

14 Baths

10,132 SqFt

SOLD DATE : 04/05/2024

Key Details

Sold Price $2,750,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 10,132 sqft

Price per Sqft $271

MLS Listing ID 23319587

Sold Date 04/05/24

Bedrooms 16

HOA Y/N No

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 Nho - North Hollywood

Zoning LAR1

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate, Tile, Wood

Fireplaces Type Bath, Dining Room, Kitchen, Living Room

Fireplace Yes

Appliance Disposal, Range, Refrigerator

Laundry Common Area

Exterior

Parking Features Assigned, Controlled Entrance, Private, Uncovered

Garage Spaces 6.0

Garage Description 6.0

Pool None

Porch Open, Patio

Total Parking Spaces 17

Private Pool No

Building

Story 3

Entry Level Two

Architectural Style Traditional

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2339014001

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Laura Klein • KRE + Associates
Bought with Chase Simonton • RE/MAX One

Samuel Park

Broker | License ID: 02071979

+1(909) 310-5105

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