$2,750,000
$3,100,000
11.3%For more information regarding the value of a property, please contact us for a free consultation.
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
Garage Assigned, Controlled Entrance, Private, Uncovered
Garage Spaces 6.0
Garage Description 6.0
Pool None
Porch Open, Patio
Parking Type Assigned, Controlled Entrance, Private, Uncovered
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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