Las Casitas — Sale in North Hollywood, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: North Hollywood, CA 91601

Investment Figures

Cap rate
5.66%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

11231 Otsego Street is a well-maintained 44-unit apartment community comprised entirely of townhome and loft-style residences, located in the heart of North Hollywood, one of the San Fernando Valley’s most dynamic rental submarkets. This unique unit configuration offers residents enhanced privacy, natural light, and a more residential living experience compared to traditional garden-style apartments. The property features a highly desirable and balanced unit mix consisting of 21 one-bedroom one bathroom loft style units, 1 one-bedroom one-bathroom townhouse unit, 20 two-bedroom one-and-a-half-bathroom townhouse units, and 2 two-bedroom two-bathroom townhouse units, catering to a broad tenant base that includes young professionals, couples, and small families. All units feature private balconies and individual wall mounted air conditioning units. The asset benefits from an efficient utility configuration, with individual metering for gas and electricity and master-metered water, supporting predictable operating expenses and streamlined management. Investment Highlights: • 44-unit community featuring exclusively townhouse and loft-style residences. • Prime North Hollywood location near retail, dining, transit, and the NoHo Arts District. • Well-maintained asset positioned for stable cash flow and future rent growth.

Market Context

This multifamily in North Hollywood, CA is listed for sale. It is offered at an approximate 5.7% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 99 days. Compare it against other multifamily listings for sale in North Hollywood, CA — view the full market.

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