11475 Oxnard St, North Hollywood, CA 91606

3 beds4 baths1,904 sqft

For Sale
$699,000
Zestimate®: $612,687
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My Notes

Edit
Link to Offering Memorandum: https://app.box.com/s/i6pr0yi9h145n5u8lasbcxev3ovaooek
The 2-4 Unit Specialists are pleased to offer for sale 11475 Oxnard, a mixed use property made up of a triplex + one retail unit with prime square footage on Oxnard. Also, included is a billboard currently obtaining $100 per month with a lease soon to expire. Upon expiration, the billboard will be negotiated for approximately $400-$500 per month ($4,800-$6,000 per year).
This property is priced to sell at an unbeatable 5.67% cap rate and 12.70 GRM!!! These are current numbers, not pro forma. There is still room for growth, particularly with the upcoming billboard lease expiration.
Also important to note is the phenomenal condition of the property it has a new roof + partial copper plumbing and all the units have brand new: kitchens, bathrooms, double paned windows and A/C units.
Call us ASAP. A high return property like this doesn' t last long!
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Facts

  • Lot: 6,534 sqft
  • Multi Family
  • Built in 1941
  • 17 days on Zillow
  • Views: 1,956 all time views
  • 4 shoppers saved this home

Construction

  • Unit count: 4

Other

  • Floor size: 1,904 sqft
  • Last remodel year: 1956
  • Parcel #: 2338002008
  • Zillow Home ID: 20012262

Zestimate Details

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

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$612,687
+$22,594 Last 30 days
$582K
$643K
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$2,570/mo
-$136 Last 30 days
$1.7K
$3.2K
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Comparable Homes

Homes like this sold for $425-675K.

$370K
$730K

Popularity on Zillow

239 views since listing
1,956 all-time (chart)
4 shoppers saved
this home to their list of favorites

Mortgages

Neighborhood

Market guide

Zillow predicts North Hollywood home values will rise 8.6% next year, compared to a 7% rise for Los Angeles as a whole. Among North Hollywood homes, this home is 51.9% more expensive than the midpoint (median) home, and is priced 5.2% more per square foot.

Foreclosures will be a factor impacting home values in the next several years. In North Hollywood, the number of foreclosures waiting to be sold is 12.9% lower than in Los Angeles, and 41.9% less than the national average. This lower local number could help North Hollywood home values rise more quickly than other regions in Los Angeles.

Learn more about forecast calculations or North Hollywood home values.
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    For Sale

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    Rentals

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    Other Units in this Building (2)ZestimateBedsBathsSqft
    Apt 2$455K11--
    Apt 1$455K11--

    Nearby Schools in Los Angeles

    GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org