12850 Oxnard Street, North Hollywood, CA 91606

Property 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.