11218 Oxnard St - Apartments FOR SALE


North Hollywood, CA 91606
$2,300,000 USD
310-739-3148
11218 Oxnard St, North Hollywood, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/26
null | 4.85% Cap Rate

11218 Oxnard St
North Hollywood, CA 91606


HIGHLIGHTS

  • Built in 1985 - Not Subject to LA Rent Control (Only AB 1482)
  • Completely Renovated Property | Full Copper Plumbing | Newer Roof | New Double Pane Windows
  • Excellent Unit Mix - 1 (1BR + 1BA) & 5 (1BR + 1.5BA Townhouse)
  • New Central HVAC | Automatic Gate w/ Key Pad | Laundry Facilities
  • 10 On-Site Parking Spaces - 6 Carport, 4 Uncovered
  • Short Distance from the Vibrant Arts & Entertainment of the NoHo Arts District!

OVERVIEW

VartanianCRE of Lyon Stahl Investment Real Estate Inc., is pleased to present 11218 Oxnard St---a beautiful and fully remodeled 6 unit apartment building located in North Hollywood, CA. This meticulously renovated multi-unit building offers modern living in a highly sought-after location. The property features a well-maintained exterior with a newer roof, updated gutters and fascia boards, and energy-efficient double pane windows. An automatic gate with keypad entry ensures security, while a convenient on-site laundry facility adds to the appeal. The building comprises six fully remodeled units, 1 (1 Bedroom / 1 Bathroom) Unit and 5 (1 bedroom / 1.5 Bathroom) Townhouse Units. Each upgraded with new flooring, remodeled kitchens and bathrooms, recessed lighting, and granite countertops. Additional features include full copper plumbing, central AC and heating throughout, and modern finishes designed for both style and functionality. The property offers ample parking with six designated carport spaces, two guest spots, and the potential for two additional parking spaces at the front of the building. This well maintained property, constructed in 1985, is not subject to Los Angeles Rent Control (RSO) and is instead governed by California AB 1482. This provides the opportunity for annual rent increases of up to 5% + CPI, with a cap of 10%, offering a flexible and investor-friendly rent growth potential.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$554 USD /SF

# OF UNITS

6

PRICE/UNIT

$383,333

CAP RATE

4.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Remodeled | Built in 1985 | Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,162 SF

ZONING

RD2

APN/PARCEL ID

2337-011-027

ASK ABOUT THIS PROPERTY

Derrick VartanianLyon Stahl Investment Real EstateMore Info
310-739-3148

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Derrick VartanianLyon Stahl Investment Real EstateMore Info
310-739-3148

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