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11231 Otsego Street

North Hollywood, CA 91601
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Bed 59

Bed

Bath 0

Bath

SqFt32,150

Sqft

SqFt20,557

Sqft(Lot)

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 si ngle 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $8,995,000

AD Id : 75585498

MLS Id : 26655987

Beds : 59

Lot Size : 20,557 Sqft

Living Area Size : 32,150

Year Built : 1974

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 59

    Bathroom Information

    Total Baths: 65 Full Baths: 0 Half Baths: 0

  • Building Information

    Year Built: 1974 Building Area Total: 32,150

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.4719 Lot Size Dimensions: 137x150
  • Lot Size Source: Other Lot Size Square Feet: 20557

  • Listing Price Information

    Original List Price: 8,995,000 Listing Contract Date: 2026-02-09
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 2353004026

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: NHO - North Hollywood Directions: East of Klump Ave; West of Fair Ave Zoning: LAC4 Source Property Type: Residential Income Area: NHO - North Hollywood
  • Building and Construction

    Property Age: 52 Year Built Source: Other Total Square Feet Living: 32150 Entry Location: Elevator Levels or Stories: Multi/Split
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5665 Whitnall, North Hollywood, CA, 91601 $1,720,000 -- -- 5,440 5,440 SqFt
5709 Auckland Avenue, North Hollywood, CA, 91601 $3,195,000 18 -- 7,947 7,947 SqFt
5039 Biloxi Avenue, North Hollywood, CA, 91601 $1,249,000 3 1 1,362 1,362 SqFt
5248 Auckland Avenue, North Hollywood, CA, 91601 $3,995,000 17 -- 8,967 8,967 SqFt
5887 Whitnall, North Hollywood, CA, 91601 $1,489,000 -- -- 4,837 4,837 SqFt
5007 Auckland Avenue, North Hollywood, CA, 91601 $2,150,000 4 3 1,864 1,864 SqFt
5617 Denny Avenue, North Hollywood, CA, 91601 $1,279,000 5 4 3,102 3,102 SqFt
4918 Cahuenga, North Hollywood, CA, 91601 $2,499,000 -- -- 6,083 6,083 SqFt
5641 Riverton Avenue, North Hollywood, CA, 91601 $2,150,000 8 -- 4,526 4,526 SqFt
5637 Riverton Avenue, North Hollywood, CA, 91601 $2,150,000 8 -- 4,526 4,526 SqFt

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ByOwner last updated this listing 06/22/2026 @ 17:45

MLS: 26655987 LISTED BY: Daniel Withers, Matthews Real Estate Investment Services 866-889-0550 SOURCE: CRMLS

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