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    12650 Oxnard St

    North Hollywood, CA 91606
    • $2,650,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: 21-763430
    UPDATED: 62 min ago
    $2,650,000
    • 13
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,226
      SQFT
    • $322
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1980
    County:
    Area:

    School Ratings & Info

    Description

    Desirable 9 unit apartment building in rapidly growing North Hollywood neighborhood. Mix of four 2 bed/2 bath, and five 1 bed/1 bath units. 4.3% Cap rate (at asking price) with 34% rental upside. 1980s construction, not subject to LA rent control laws. Units offer private balconies and spacious layouts. Building includes on-site laundry, gated underground parking and rear covered parking. Central proximity to transportation, freeways to entertainment destination. Unit 6 to be delivered vacant at the close of escrow. **Note: The rent displayed on the rent roll includes a 7% rent increase from tenant's current rent. It is assumed Buyer will raise rents as soon as permitted once the state and county restrictions on rent increases are lifted. Seller shall reimburse Buyer the difference from the current rent and the rent displayed as a credit through escrow at closing.**

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-02T07:42:18.483. 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.
    www.brandiprattrealestate.com/homes/119541420
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    12650 Oxnard St North Hollywood, CA 91606

    • Price: $2,650,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: 21-763430
    13
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    8,226
    SQFT
    $322
    $/SQFT
    1980
    Built
    Neighborhood:
    Valley Glen
    County:
    Los Angeles
    Area:
    Valley Glen
    Property Description
    Desirable 9 unit apartment building in rapidly growing North Hollywood neighborhood. Mix of four 2 bed/2 bath, and five 1 bed/1 bath units. 4.3% Cap rate (at asking price) with 34% rental upside. 1980s construction, not subject to LA rent control laws. Units offer private balconies and spacious layouts. Building includes on-site laundry, gated underground parking and rear covered parking. Central proximity to transportation, freeways to entertainment destination. Unit 6 to be delivered vacant at the close of escrow. **Note: The rent displayed on the rent roll includes a 7% rent increase from tenant's current rent. It is assumed Buyer will raise rents as soon as permitted once the state and county restrictions on rent increases are lifted. Seller shall reimburse Buyer the difference from the current rent and the rent displayed as a credit through escrow at closing.**
    Exterior Features

    Lot Size Area 7192 Other Structures None Parking Garage Gated UndergroundCovered Parking Total Parking 14

    Interior Features

    Baths Total 13.00 Cooling Air Conditioning Equipment None Heating Central

    Property Features

    Assessed Total Value 770583 Gross Income 166050 Gross Operating Income 161068 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Like Units6 6 Net Operating Income 105280.50 Number Of Buildings 1 Number Of Units 9 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 55788 Type Of Units Rental Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Jacob Zacuto DRE#01377441 of Zacuto Group.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-02T07:42:18.483. 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.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583