Cap Rate
5.66%
$ per SF
$310
11231 Otsego Street, North Hollywood, CA, 91601
Las Casitas$9,995,000
Key Information
Tot. SF
32,150
Lot Size
0.43 Acres
$ per unit
$227,159
Units
44
Year Built
1974
Type
Apartments
Highlights
- Townhouse & Loft Residences: 44-unit community featuring exclusively townhouse and loft-style residences.
- Private Balconies & AC: Units feature private balconies and individual wall-mounted air conditioning.
- Diverse Unit Mix: Diverse unit mix appeals to young professionals, couples, and small families.
- Individually Metered Utilities: Individually metered for gas and electricity, which helps control operating expenses.
- Ample Parking & Amenities: 60 on-site parking spaces plus laundry and trash chutes support located on each floor.
- Prime NoHo Location: Prime North Hollywood location near retail, dining, transit, and the NoHo Arts District.
- Stable Cash Flow: Well-maintained asset positioned for stable cash flow and future rent growth.
- Efficient Utility Configuration: Efficient utility configuration with individual metering for gas and electricity and master-metered water.
- Strong Parking Ratio: Strong parking ratio and individual utility metering reduce owner expense exposure.
- Value-Add Potential: Potential upside through future rent growth or targeted value-add enhancements.
Photos
Location
Agents
D
Daniel WithersLicense # 01325901 (CA)
Broker of Record
David Harrington
License # 02168060, 01320460 (CA)Matthews Real Estate Investment Services, Inc2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245