Homes for sale - 10803 Otsego ST, North Hollywood, CA 91601

Additional details

Paul Ward

somis@homeandranchsellingteam.com +1(805) 479-5004

$3,800,000

Est. payment - /mo

16 Beds

17 Baths

11,428 SqFt

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UPDATED:

03/06/2025 01:53 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,428 sqft

Price per Sqft $332

MLS Listing ID 25505227

Bedrooms 16

HOA Y/N No

Year Built 1964

Lot Size 0.288 Acres

Property Description

Welcome to Mesa Otsego, A Prime Investment Opportunity in North Hollywood! Tucked away on a quiet, tree-lined street in the heart of NorthHollywood. Mesa Otsego is a well-maintained 16-unit apartment building offering stability and upside potential. Projected future income could be $28,200/mth or $338,400/year. 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.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LARD1.5

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate, Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Cooktop, Disposal, Gas Oven, Range, Refrigerator

Laundry Common Area, Laundry Room

Exterior

Parking Features Assigned, Covered, Carport

Carport Spaces 15

Pool Fenced, In Ground

Community Features Gated

Roof Type Composition

Total Parking Spaces 15

Building

Story 2

Entry Level Two,Multi/Split

Architectural Style Traditional

Level or Stories Two, Multi/Split

New Construction No

Others

Senior Community No

Tax ID 2419007026

Security Features Gated Community

Financing Cash

Special Listing Condition Standard

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Listed by Gina Isaac • Nourmand & Associates-HW

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Paul Ward

+1(805) 479-5004

Agent | License ID: 01354001

Agent License ID: 01354001

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10803 Otsego ST North Hollywood, CA 91601

Paul Ward

Key Details

Location

Interior

Exterior

Building

Others

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