12800 Oxnard Street

North Hollywood, CA 91606

$1,250,000
Price
6
Beds
6
Baths
3,240 Sq. Ft.
$386 / Sq. Ft.
3,240
Sq. Ft.
$386
per Sq. Ft.

Description

We are pleased to present 12800 Oxnard Street, a three-unit multifamily property located in Valley Glen, CA. This property offers a rare value-add opportunity in a desirable pocket of the San Fernando Valley, with strong potential for rental growth. Built in 1959 and fully renovated in 1988, the property sits on a 0.16-acre corner lot, providing excellent visibility and accessibility. It consists of three spacious two-bedroom, two-bathroom units, each exceeding 1,000 square feet in size. All units...We are pleased to present 12800 Oxnard Street, a three-unit multifamily property located in Valley Glen, CA. This property offers a rare value-add opportunity in a desirable pocket of the San Fernando Valley, with strong potential for rental growth. Built in 1959 and fully renovated in 1988, the property sits on a 0.16-acre corner lot, providing excellent visibility and accessibility. It consists of three spacious two-bedroom, two-bathroom units, each exceeding 1,000 square feet in size. All units feature private patios, replaces, and central air conditioning, offering tenants both comfort and modern amenities. The property is separately metered for utilities, reducing operating expenses, and includes on-site laundry facilities for added convenience. There are three parking spaces located behind the property with easy alleyway access. 12800 Oxnard Street is not subject to Los Angeles Rent Control (RSO) due to a luxury exemption, providing additional exibility for rental increases. With one unit currently vacant, an investor can start renovations immediately and achieve market rents. The market rent for similar two-bedroom, two-bathroom units in the area is approximately $3,000 per month, offering substantial upside potential. Located at 12800 Oxnard Street, this property is ideally situated in the heart of Valley Glen, combining suburban charm with urban convenience. Residents enjoy proximity to Valley College, Valley Glen Community Park, and Whitsett Sports Field, making the area ideal for both leisure and education. The property is well-connected, with access to major freeways including the 101 and 170, as well as public transportation options, ensuring smooth commutes throughout Los Angeles. Additionally, it is a short drive from the bustling hubs of North Hollywood and Studio City, providing access to vibrant shopping, dining, and entertainment venues. With its central location in the San Fernando Valley and proximity to employment centers, retail destinations, and recreational amenities, 12800 Oxnard Street is perfectly positioned to attract long-term tenants and capitalize on the area's consistent rental demand.
  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01238010 • Marcus & Millichap
  2. Listed by Glen Scher • DRE #01962976 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 12800 Oxnard Street

Zoning
LARD1.5
Parcel Number
2341006013
Total Units
3.0
Living Area
3240
Source Living Area
Vendor Enhanced
Area
Valley Glen (VG)
Vacancy Rate
33%
Lot Size Area
7133
LISTING UPDATED: 12/27/2024 12:01 AM

Property Details for 12800 Oxnard Street

StatusActive
MLS #24-473743
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.16 AC / 7,133 SF
CountyLos Angeles County

Building Information for 12800 Oxnard Street

Stories1Residences-Year Built1959Building Size-Lot Size0.16 AC / 7,133 SF

Property Information for 12800 Oxnard Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Market
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $88,464
  • Net Operating Income: $63,239.00
  • Gross Income: $91,200
  • Cap Rate: 5.06%
  • Gross Rent Multiplier: $13.71
  • Total Annual Expense: 25225
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1638
  • Lot Size Square Feet: 7133
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 3
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-19-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,533.00
  • Unit Actual Rent: $7,599.00
  • Unit Projected Rent: $9,000.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $481,203.00
  • Assessed Improvement Percent: 40.04
  • Assessed Land Value: $720,711.00
  • Assessed Land Percent: 59.96
  • Assessed Total Value: $1,201,914.00

Property History for 12800 Oxnard Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12800 Oxnard Street

Taxable ValueLand$735,125Additions$490,827Total$1,225,952
Tax Record2024$15,352 ($1,279 / month)
Home Facts
Total Finished SqFt3,240 SqFtAbove Grade Finished SqFt3,240 SqFtLot Size7,131 SqFtStyleTriplexYear Built1959ZoningLARD1.5CountyLOS ANGELESAPN2341-006-013

Schools near 12800 Oxnard Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
John B. Monlux Elementary School
Public - K to 5
James Madison Middle School
Public - 6 to 8
Ulysses S. Grant Senior High School
Public - 9 to 12
Jack London Community Day School
Public - 7 to 12
Rating
School
Distance
John B. Monlux Elementary School
PublicK to 5

James Madison Middle School
Public6 to 8

Ulysses S. Grant Senior High School
Public9 to 12

Jack London Community Day School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 12800 Oxnard Street, North Hollywood, CA 91606

12800 Oxnard Street is a multi-family home for sale in North Hollywood, CA 91606. This property was listed for sale on December 19, 2024 by Marcus & Millichap, it's currently listed at $1,250,000. It has been on the market for a total of 11 days and was last sold on February 9, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include John B. Monlux Elementary School, James Madison Middle School and Ulysses S. Grant Senior High School. 12800 Oxnard Street is a 6-bed, 6-bath, 3,240 sqft multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.