11329 Otsego Street

    North Hollywood, CA 91601
    • $2,895,000
    • STATUS: Active
    • ON SITE: 139 days
    • ID#: SR18046262
    UPDATED: 50 min ago
    $2,895,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,380
      SQFT
    • $454
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    This proposed 10,199 square foot redevelopment site is located in the Heart of the NoHo Arts District and falls within the new Transit Oriented Communities Program boundary area. ? is newly passed program allows for this site to be developed with up to 45 apartment units on the property. More information is located on pages 5 & 6 of this marketing brochure. All information needs to be con` rmed by any potential buyer with the City of Los Angeles. Currently, the Otsego Apartments is a well maintained 8-unit apartment complex located in the neighborhood of North Hollywood in the city of Los Angeles, California. Set on a 10,199 square foot lot, the 6,380 square foot property o? ers six one-bedroom units and two two-bedroom units for a total scheduled monthly income of $11,788. Built in 1962, the property o? ers great rental upside, an excellent NoHo Arts District location and easy access to the 170, 101 & 134 Freeways.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T16:31:37.143. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/81127423

    11329 Otsego Street North Hollywood, CA 91601

    • Price: $2,895,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: SR18046262
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    6,380
    SQFT
    $454
    $/SQFT
    1962
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    This proposed 10,199 square foot redevelopment site is located in the Heart of the NoHo Arts District and falls within the new Transit Oriented Communities Program boundary area. ? is newly passed program allows for this site to be developed with up to 45 apartment units on the property. More information is located on pages 5 & 6 of this marketing brochure. All information needs to be con` rmed by any potential buyer with the City of Los Angeles. Currently, the Otsego Apartments is a well maintained 8-unit apartment complex located in the neighborhood of North Hollywood in the city of Los Angeles, California. Set on a 10,199 square foot lot, the 6,380 square foot property o? ers six one-bedroom units and two two-bedroom units for a total scheduled monthly income of $11,788. Built in 1962, the property o? ers great rental upside, an excellent NoHo Arts District location and easy access to the 170, 101 & 134 Freeways.
    Exterior Features

    Carport Spaces 7.00 Garage Spaces 0.00 Lot Features LandscapedLawn Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Suburban Country Us Electric Expense 2442.00 Elevation Units Feet Fuel Expense 1000.00 Gardener Expense 1580.00 Gross Income 11788.00 Gross Scheduled Income 142860.00 Insurance Expense 2400.00 Land Lease YN No Laundry Income 960.00 Laundry YN Yes Licenses Expense 543.00 Maintenance Expense 7143.00 Net Operating Income 77250.00 New Taxes Expense 34740.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Operating Expense 58468.00 Other Income1 445.00 Pest Control Expense 620.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Supplies Expense 500.00 Total Expenses 58468.00 Trash Expense 1500.00 Water Sewer Expense 6000.00 Water Source Public Year Built Source Assessor Zoning Lar4

    Listing provided courtesy of Warren Berzack of Lee & Associates.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T16:31:37.143. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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