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11231 Otsego St
North Hollywood, CA 91601

$9,995,000 USD

Apartments For Sale  •  32,150 SF

Property Details

  • Property Type Apartments
  • Total Building Size 32,150 SF
  • Lot Size 0.43 AC
  • Building Class B
  • Year Built 1974
  • Cap Rate 5.66 %
  • Zoning LAC4
66 Transit Score
96 Walk Score

Highlights

44-unit multifamily community with exclusive townhouse and loft-style residences in North Hollywood.
Private balconies, individual AC, and in-unit amenities appeal to a broad tenant base.
Individually metered gas and electricity for efficient expense control and streamlined management.
60 on-site parking spaces, laundry facilities, and trash chutes on each floor for resident convenience.
Prime location near NoHo Arts District, retail, dining, and Metro transit for strong rental demand.
Well-maintained property positioned for stable cash flow and future rent growth.
Cap Rate: 5.66 %

Major Tenants

Tenant SF Occupied Lease End Date
Five Star Luxe

Amenities

  • Air Conditioning
  • Cable Ready
  • Heating
  • Laundry Service
  • Refrigerator
  • Oven
  • Range
  • Carpet

Public Transportation

Commuter RailDriveWalkDistance
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 3.5 mi
Burbank Airport - North (Av Line) Metrolink Station (Metrolink Antelope Valley Line - Metrolink Trains) 8 min - 4.4 mi
Transit/SubwayDriveWalkDistance
North Hollywood Station (Orange Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 8 min 0.4 mi
AirportDriveWalkDistance
Bob Hope 7 min - 3.6 mi
Los Angeles International 33 min - 23.8 mi
Long Beach (Daugherty Field) 47 min - 34.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 45
Type: Surface
Included in Rent: Yes
Daniel Withers 310-365-5054 Matthews Real Estate Investment Services
Daniel Withers 310-365-5054 Matthews Real Estate Investment Services