Gated Eight-Unit Apartment
New
For Sale
$2,225,000
11259 Otsego Street, North Hollywood, CA 91601
Seven residences have been updated, and the property includes on-site laundry and a secured entrance.
Property Size5,327 SF
Days on Market7
Property Features for 11259 Otsego Street
General Information
Standard status
Active
Size
5,327 SF
Property subtype
Apartment
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
8 x 1BR/1BA
Multifamily Units
8
Additional Details
Tenant in Place
Yes
Amenities
on-site laundry room
gated
Building Details
Building Size
5,327 SF
Year Built
1950
Listing Agency:
Coldwell Banker Envision
Listed By:
Stefan Doomanis · License #01969643
(818) 209-0883
Source:
Velocityrealtysd
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 4 at 7:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Envision
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Investment Insights
Based on property information with market context.
Estancia Apartments is a gated apartment property with eight one-bedroom, one-bath residences. Seven units have been updated; Unit 1 has central HVAC, and residents also have access to an on-site laundry room. Built in 1950, the property received a new roof and electrical work within the past year, along with repairs and improvements to the carport, driveway, exterior columns, ironwork, lighting, and railing.
The property is in North Hollywood’s NoHo Arts District, near the North Hollywood Metro Station, served by the B and G Lines. The 170 and 101 freeways are also accessible from the area.
The property is in North Hollywood’s NoHo Arts District, near the North Hollywood Metro Station, served by the B and G Lines. The 170 and 101 freeways are also accessible from the area.
Key Highlights
- Eight apartments, each configured with one bedroom and one bathroom
- Seven of the eight residences have been updated
- Unit 1 is equipped with central HVAC; on‑site laundry serves the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,716
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,714,320
$1.7M
Cap Rate 7%
$1,224,514
$1.2M
Cap Rate 9%
$952,400
$952.4K
Market Conditions
NOI Build-Up for 5,327 SF
Gross rent
$169.4K $31.80/SF
− Vacancy
−$13.6K −$2.54/SF
EGI
$155.8K $29.26/SF
− OpEx
−$70.1K −$13.17/SF
NOI
$85.7K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,714,320
Cap Rate 7%
$1,224,514
Cap Rate 9%
$952,400
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,716 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.50M – $3.33M
NOI $199,644 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,309
Businesses Nearby
Explore this area
Business Placement
Demographics for 91601, CA
39,429
Population
20,539
Households
1.9
Avg Household Size
35
Median Age
51%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
15,165
Density / Sq Mi
$77,540
Median Household Income
$48,907
Median Earnings
$2,115
Median Rent
$961,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Seven residences have been updated, and the property includes on-site laundry and a secured entrance.
Where is this apartment building located?
The property is located at 11259 Otsego Street North Hollywood, CA.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: Eight apartments, each configured with one bedroom and one bathroom; Seven of the eight residences have been updated; Unit 1 is equipped with central HVAC; on‑site laundry serves the property
