11218 Oxnard Street

Description

We are pleased to present 11218 Oxnard St---a beautiful and fully remodeled 6 unit apartment building located in North Hollywood, CA. This meticulously renovated multi-unit building offers modern living in a highly sought-after location. The property features a well-maintained exterior with a newer roof, updated gutters and fascia boards, and energy-efficient double pane windows. An automatic gate with keypad entry ensures security, while a convenient on-site laundry facility adds to the appeal. The building comprises six fully remodeled units, 1 (1 Bedroom / 1 Bathroom) Unit and 5 (1 bedroom / 1.5 Bathroom) Townhouse Units. Each upgraded with new flooring, remodeled kitchens and bathrooms, recessed lighting, and granite countertops. Additional features include full copper plumbing, central AC and heating throughout, and modern finishes designed for both style and functionality. The property offers ample parking with six designated carport spaces, two guest spots, and the potential for two additional parking spaces at the front of the building. This well maintained property, constructed in 1985, is not subject to Los Angeles Rent Control (RSO) and is instead governed by California AB 1482. This provides the opportunity for annual rent increases of up to 5% + CPI, with a cap of 10%, offering a flexible and investor-friendly rent growth potential.