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$ 1,250,000
Est. payment /mo
New
12800 Oxnard ST North Hollywood, CA 91606
6 Beds
6 Baths
3,240 SqFt
UPDATED:
12/19/2024 11:10 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,240 sqft
Price per Sqft $385
MLS Listing ID 24473743
Bedrooms 6
HOA Y/N No
Year Built 1959
Lot Size 7,135 Sqft
Property Description
We are pleased to present 12800 Oxnard Street, a three-unit multifamily property located in Valley Glen, CA. This property offers a rare value-add opportunity in a desirable pocket of the San Fernando Valley, with strong potential for rental growth. Built in 1959 and fully renovated in 1988, the property sits on a 0.16-acre corner lot, providing excellent visibility and accessibility. It consists of three spacious two-bedroom, two-bathroom units, each exceeding 1,000 square feet in size. All units feature private patios, replaces, and central air conditioning, offering tenants both comfort and modern amenities. The property is separately metered for utilities, reducing operating expenses, and includes on-site laundry facilities for added convenience. There are three parking spaces located behind the property with easy alleyway access. 12800 Oxnard Street is not subject to Los Angeles Rent Control (RSO) due to a luxury exemption, providing additional exibility for rental increases. With one unit currently vacant, an investor can start renovations immediately and achieve market rents. The market rent for similar two-bedroom, two-bathroom units in the area is approximately $3,000 per month, offering substantial upside potential.Located at 12800 Oxnard Street, this property is ideally situated in the heart of Valley Glen, combining suburban charm with urban convenience. Residents enjoy proximity to Valley College, Valley Glen Community Park, and Whitsett Sports Field, making the area ideal for both leisure and education.The property is well-connected, with access to major freeways including the 101 and 170, as well as public transportation options, ensuring smooth commutes throughout Los Angeles. Additionally, it is a short drive from the bustling hubs of North Hollywood and Studio City, providing access to vibrant shopping, dining, and entertainment venues. With its central location in the San Fernando Valley and proximity to employment centers, retail destinations, and recreational amenities, 12800 Oxnard Street is perfectly positioned to attract long-term tenants and capitalize on the area's consistent rental demand.
Location
State CA
County Los Angeles
Area Vg - Valley Glen
Zoning LARD1.5
Interior
Fireplace No
Exterior
Parking Features Carport
Total Parking Spaces 3
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 2341006013
Special Listing Condition Standard
Listed by Filip Niculete • Marcus & Millichap