10803 Otsego St North Hollywood, CA 91601

Multi-Family (2-4 Units) MLS #: 25505227 Courtesy Of Nourmand & Associates Realtors

$3,800,000

16 beds | 11,428 sq ft
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Estimated monthly payments: $16,611/mo.* (recalculate)

Property InformationDescription

Welcome to Mesa Otsego, A Prime Investment Opportunity in North Hollywood! Tucked away on a quiet, tree-lined street in the heart of NorthHollywood. Mesa Otsego is a well-maintained 16-unit apartment building offering stability and upside potential. Projected future income could be $28,200/mth or $338,400/year. The property consists of 14 one-bedroom, one-bathroom units, each with a covered carport parking spot, and a spacious two-bedroom, two-bathroom manager's unit, which is currently vacant, allowing the flexibility to choose your resident manager. Three units will be delivered vacant, providing an excellent opportunity for owner occupancy or market-rate rentals. The property has undergone key upgrades, including a completed soft-story retrofit and a newer electrical panel. 3 Units are currently vacant and ready to rent to new tenants. Residents can enjoy a refreshing pool, on-site community laundry, and, in select units, private outdoor spaces. Beyond the property, Mesa Otsego offers unbeatable access to the best of the NOHO Arts District. Just moments away, you'll find some of the neighborhood's hottest restaurants, including The Federal, a stylish gastropub with craft cocktails; Idle Hour, the iconic barrel-shaped bar with a lively atmosphere; and The Front Yard, a local favorite serving elevated California cuisine. Enjoy world-class entertainment at The Road Theatre Company and the historic El Portal Theatre, or grab a coffee at the ever-popular Groundwork Coffee Co.. With Metro access nearby, commuting is a breeze, making this an attractive location for renters. Drive by only. Do not disturb tenants. All offers are subject to interior inspection.
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Features

  • Age: Over 50 Years Old
  • Appliances: Cooktop, Cooktop - Gas, Oven - Gas, Range
  • Architecture Style: New Traditional
  • Exterior Type: Stucco
  • Floor Covering: Carpet, Laminate, Tile, Vinyl
  • Lot Size: 0.29 Acres
  • Rooms: Living Room

MAP & DIRECTIONS

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10803 Otsego St, North Hollywood, CA 91601
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School Information

10803 Otsego St, North Hollywood, CA 91601

Elementary School
Grades PK-5 | Public School
TOLUCA LAKE ELEMENTARY
North Hollywood, CA 91601
4840 Cahuenga Blvd
818.­761.3339
Distance: 0.4 mi
School Rating
B-
Student:Teacher Ratio
22:1
Total Students
471
Middle School
Grades 6-8 | Public School
WALTER REED SCHOOL
North Hollywood, CA 91602
4525 Irvine Ave
818.­487.7600
Distance: 1.3 mi
School Rating
B
Student:Teacher Ratio
25:1
Total Students
1599
High School
Grades 9-12 | Public School
EAST VALLEY HIGH SCHOOL
North Hollywood, CA 91601
5525 Vineland Ave
818.­753.4400
Distance: 0.6 mi
School Rating
D+
Student:Teacher Ratio
18:1
Total Students
506
Other Nearby Schools Distance Type Grades School Rating
Joyces Toluca Lake Preschool & Kindergarten 0.4 mi Private PK-TKG
Toluca 'crossroads' School Preschool & Kindergarte 0.4 mi Private PK-TKG
Science Academy Stem Magnet 0.6 mi Public 6-11 A
Lankershim Elementary School 0.7 mi Public KG-5 C-
St Paul's First Lutheran School 0.7 mi Private KG-8
The Wesley School 0.7 mi Private KG-8
St Charles Borromeo Elementary School 0.9 mi Private KG-8
Rio Vista Elementary School 1.0 mi Public KG-5 B
Berenece Carlson Home Hospital 1.1 mi Public KG-12
Oakwood Elementary School 1.1 mi Private KG-6
Oakwood School 1.1 mi Private KG-12
Oxnard Street Elementary School 1.1 mi Public KG-5 C
Media Center Montessori Preschool/kindergarten 1.2 mi Private KG
Brighton Hall School 1.2 mi Private 2-12
Smart Start Montessori 1.2 mi Private PK-KG
Theodore Roosevelt Elementary School 1.2 mi Public KG-5 A
North Hollywood High School 1.3 mi Public 9-12 A-
Amelia Earhart Continuation 1.3 mi Public 9-12 D-
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

North Hollywood, CA 91601

Median Age: 35.7
Married: 23%
Number of Households: 17,618
Households with Children: 14.9%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
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