Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

8

Building size

5,327 sqft

Lot size

6,896 sqft

Year built

1950

Stories

2

Garage spaces

0

Heating

Forced Air

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

0

MLS #

249068990

About this property

Located in the heart of the NoHo Arts District, Estancia Apartments is a gated, fully occupied eight-unit property, with each residence offering one bedroom and one bath. The building retains much of its original charm, while seven of the eight units have been updated. Unit 1 features central HVAC, and an on-site laundry room adds convenience for residents. Within the past year, the property has benefited from a new roof and electrical work, central HVAC in Unit 1, a raised railing, a security gate, a new carport roof and carport repairs, added property lighting, painted ironwork, filled driveway cracks, and repaired exterior columns. With some rents below market, the property offers potential rental upside over time, subject to existing leases and applicable requirements. The NoHo Arts District is known for its theaters, galleries, dance studios, restaurants, cafés, and specialty shops. The property is near the North Hollywood Metro Station, served by the B and G Lines, with convenient access to the 170 and 101 freeways.

Location

11259 Otsego Street

North Hollywood, Los Angeles, CA, 91601