10803 Otsego St - Apartments FOR SALE


North Hollywood, CA 91601
$3,800,000 USD
323-422-2244
10803 Otsego St, North Hollywood, CA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/39
null | 5.54% Cap Rate

10803 Otsego St
North Hollywood, CA 91601


HIGHLIGHTS

  • Manager's unit is Vacant (2 br + 2Ba) Choose your own manager.
  • Soft-story retrofit has been completed, updated main electric panel
  • 3 Other Units Vacant- Choose your own tenants

OVERVIEW

Welcome to Mesa Otsego, A Prime Investment Opportunity in North Hollywood! Tucked away on a quiet, tree-lined street in the heart of North Hollywood. Mesa Otsego is a well-maintained 16-unit apartment building offering stability and upside potential. The property consists of 14 one-bedroom, one-bathroom units, each with a covered carport parking spot, and a spacious two-bedroom, two-bathroom manager's unit, which is currently vacant, allowing the flexibility to choose your resident manager. Three units will be delivered vacant, providing an excellent opportunity for owner occupancy or market-rate rentals. The property has undergone key upgrades, including a completed soft-story retrofit and a newer electrical panel. 3 Units are currently vacant and ready to rent to new tenants. Residents can enjoy a refreshing pool, on-site community laundry, and, in select units, private outdoor spaces. Beyond the property, Mesa Otsego offers unbeatable access to the best of the NOHO Arts District. Just moments away, you'll find some of the neighborhood's hottest restaurants, including The Federal, a stylish gastropub with craft cocktails; Idle Hour, the iconic barrel-shaped bar with a lively atmosphere; and The Front Yard, a local favorite serving elevated California cuisine. Enjoy world-class entertainment at The Road Theatre Company and the historic El Portal Theatre, or grab a coffee at the ever-popular Groundwork Coffee Co.. With Metro access nearby, commuting is a breeze, making this an attractive location for renters. Drive by only. Do not disturb tenants. All offers are subject to interior inspection.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

16

PRICE/UNIT

$237,500

CAP RATE

5.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mesa Otsego

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,558 SF

ZONING

LARD1.5

APN/PARCEL ID

2419-007-026

ASK ABOUT THIS PROPERTY

Christopher FurstenbergNourmand & Associates RealtorsMore Info
323-422-2244

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Christopher FurstenbergNourmand & Associates RealtorsMore Info
323-422-2244

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.