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$3,699,000

Est. payment - /mo

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0.29 Acres Lot

Active

10803 Otsego ST North Hollywood, CA 91601

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25506843

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 North Hollywood. Mesa Otsego is a well-maintained 16-unit apartment building offering stability and upside potential. Projected future income could be $27,795/mth or $333,540/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 unit. One vacant unit provides an 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. 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

Heating Wall Furnace

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Community Features Gated

Roof Type Composition

Total Parking Spaces 15

Building

Story 2

Others

Tax ID 2419007026

Security Features Gated Community

Financing Cash,Conventional

Special Listing Condition Standard

Listed by Gina Isaac Nourmand & Associates-HW

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