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!
- Lot: 6,534 sqft
- Multi Family
- Built in 1941
- 17 days on Zillow
- Views: 1,956 all time views
- 4 shoppers saved this home
- Price/sqft: $367
- View Virtual Tour
- Unit count: 4
- Floor size: 1,904 sqft
- Last remodel year: 1956
- Parcel #: 2338002008
- Zillow Home ID: 20012262
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Homes like this sold for $425-675K.
Popularity on Zillow
Market guideZillow 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.
- 6051 Colfax Ave3 beds, 1 baths
1,183 sqft, 6,969 sqft lot, built in 1937
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