12850 Oxnard Street North Hollywood, CA 91606
Listing Courtesy of: CRMLS / Re/Max One / Richard Karzen - Contact:  818-424-1031

  12850 Oxnard Street North Hollywood, CA 91606

Sold (23 Days)
$1,700,226

Description

12850 Oxnard St. is a rare opportunity to own a premier investment in a solid rental “pocket.” A generational asset, which has been in the current owner’s family for almost 50 years, has been meticulously maintained and managed, creating an efficient operation of exemplary collections and effective expenditures for maintenance. The neighborhood is stellar, a Valley Glen locale, contributing an abundant rental pool of available tenants. The six (6) unit building provides a preferred mix of spacious well- appointed living areas, with (two) 2 bedroom -2 bathrooms and (four) 2 bedroom- 1 bathroom apartments. The units have ample closet and storage space, large living rooms, separate private entrances, a separate laundry room with machines owned by the building, and a tranquil courtyard, leading to a covered carport, with a parking space for each unit. The second- floor apartments have comfortable balconies. 12850 Oxnard St. is a solid investment, with a tenant history of prompt payments, providing high collections, even in the challenging recent Covid Rental Market. The brand-new roof for the main structure, copper plumbing, completed required balcony reinforcement, no mandated soft story seismic requirements, extra exterior security lighting, and the existence of a Home Protection Program for all units, provide a confidence boost for future potential repairs. PLEASE RESPECT THE TENANTS. DRIVE BY ONLY. SHOWINGS WITH ACCEPTED OFFER. DO NOT DISTURB THE OCCUPANTS. DUE DATE FOR OFFERS IS 1/22/2024 at 2:00 PM.

MLS #:
SR24004710
Lot Size
6,413 SQFT
Type
Multifamily
Year Built
1958
County
Los Angeles County

Listed By

Richard Karzen, Re/Max One, Contact: 818-424-1031
Bought with
Oren Mordkowitz, Pinnacle Estate Properties, Inc.
Source
CRMLS
Last checked Dec 25 2024 at 1:53 AM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Common Area
  • Laundry: Laundry Room
Lot Information
  • 0-1 Unit/Acre
Property Features
  • Fireplace: Electric
  • Fireplace: Gas
  • Fireplace: Kitchen
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Parking
  • Carport
Stories
  • 2
Additional Information: Re/Max One | 818-424-1031
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.