11344 Oxnard Street

North Hollywood, CA 91606

$925,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $392 / sqft

1927

calendar_month Built

Property Description

We are pleased to introduce 11344 Oxnard Street, a 3-unit value-add investment opportunity in North Hollywood, CA. Constructed in 1927, this rent-controlled property sits on a 7,744 square feet lot (0.18 acres), with a gross building area of 2,358 square feet. There's nearly 44% upside potential over current gross rents, and the buyer could add more value by converting the garages into an ADU.The property's three units are split into a duplex at the front of the lot, and a separate house at the rear. The front duplex includes a 2 bed / 1 bath unit of approximately 750 square feet, and a 1 bed / 1 bath unit of about 550 square feet. The separate house at the back is the most desirable unit at the property. That 2 bed / 2 bath house has approximately 850 square feet, and it also contains in-unit laundry facilities, adding to tenant convenience. The seller has recently made capital improvements such as replacing water heaters in all units and overhauling the water main in October 2022. The property offers ample parking with two spots in the middle of the lot, and two additional 1-car garages at the back of the lot where there's additional space in front of the garages for an extra tandem space. The property's proximity to NoHo West offers potential residents access to amenities like Trader Joe's, Regal Cinemas, LA Fitness, Starbucks, ULTA, and the upcoming Nordstrom Rack, among others.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 11344 Oxnard Street
City North Hollywood
State CA
Zip 91606
County Los Angeles
Listing Agent Filip Niculete DRE#01905352
Co-Listing Agent Glen Scher DRE#01962976
Courtesy Of Marcus & Millichap
MLS 24371127
List Price $925,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 7,746
Year Built 1927
DOM 47

Exterior Information

Maps

Listing information courtesy of: Filip Niculete, Glen Scher, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of May 3rd, 2024 at 12:54 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.