10617-10625 Oxnard St

The LAAA Team of Marcus & Millichap is proud to announce the successful closing of this 12 unit property located at 10617-10625 Oxnard St, North Hollywood. This is the first time this property has been sold in nearly 40 years.

Record Sale

For LA rent-controlled apartment buildings (built before October 1978) in the 91606 zip code of North Hollywood, this sale has cemented itself in the all-time record books according to CoStar's property sale records. At $344,167 per Unit and $390.47 per SqFt, this sale has become the #1 and #6 highest sales ever achieved, respectively.

Property Overview

Comprised of two identical 6 unit buildings on two separate APNs, the offering is ideally situated on a corner lot with an alley behind, giving access to this 0.45 acre double lot on three different streets. These buildings are a combined 10,577 square feet, and all 12 units have 2 bedrooms and 1 bathroom which are approximately 880 square feet each. Each second level unit comes with a private balcony, and the ground floor units comes with a large 400sf private patio, making the ground floor just as desirable as the second level, if not more. The property brings in a significant amount of additional income through garage rent and laundry income. There are 11 one-car garages on the property, and every one of them is leased out for $150 per month, which brings in a combined $1,650 per month, or $19,800 per year, of additional income.