11231 Otsego St, North Hollywood, CA 91601
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11231 Otsego St, North Hollywood, CA 91601
11231 Otsego St, North Hollywood, CA 91601
11231 Otsego St, North Hollywood, CA 91601
11231 Otsego St, North Hollywood, CA 91601
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Gabriel Carrasco

Gabriel Carrasco

+1(424) 422-6029
$ 8,995,000
Est. payment /mo
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Price Dropped by $1.0M

11231 Otsego St North Hollywood, CA 91601

59 Beds

65 Baths

32,150 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 32,150 sqft

Price per Sqft $279

MLS Listing ID 26655987

Bedrooms 59

Year Built 1974

Lot Size 0.472 Acres

Acres 0.4719

Property Sub-Type Multi-Family

Property Description

11231 Otsego Street is a well-maintained 44-unit apartment community located in the heart of North Hollywood, one of the San Fernando Valley's most dynamic rental submarkets. The property features a highly desirable and balanced unit mix consisting of 2 studio units, 21 one-bedroom units, and 21 two-bedroom units, catering to a broad tenant base that includes young professionals, couples, and small families. The asset benefits from efficient utility configuration, with individual metering for gas and electricity and master-metered water, supporting predictable operating expenses and streamlined management.From a tenant's perspective, the property offers both lifestyle convenience and functional amenities. Residents enjoy access to 60 on-site parking spaces, comprised of a combination of single and tandem parking, as well as on-site laundry facilities and trash chutes located on each floor, enhancing day-to-day convenience. The location places tenants near grocery stores, pharmacies, restaurants, and cafs, along with the vibrant NoHo Arts District. Proximity to public transportation, including major bus routes and Metro access, further strengthens the property's appeal to commuters and car-light renters.For investors, 11231 Otsego Street represents a compelling multifamily opportunity supported by scale, location, and operational efficiency. The property's unit mix and strong parking ratio promote stable occupancy, while individual utility metering reduces owner expense exposure. Its well-maintained condition limits near-term capital requirements, and the North Hollywood submarket continues to benefit from redevelopment, employment growth, and sustained rental demandpositioning the asset for consistent cash flow with potential upside through future rent growth or targeted value-add enhancements.

Location

State CA

County Los Angeles

Area North Hollywood

Zoning LAC4

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other, Wall Unit(s)

Equipment Other

Exterior

Parking Features Other

Garage Spaces 60.0

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Matthews Real Estate Investment Services
Gabriel Carrasco

Gabriel Carrasco

Agent | License ID: DRE# 02229520

+1(424) 422-6029

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11231 Otsego St