North Hollywood, CA 91601 10803 Otsego Street

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Presented By: Gina Isaac with Nourmand & Associates-HW;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25505227
  • 03/04/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 16
  • Baths • 17
  • SQFT • 11,428

Home Details

Welcome to Mesa Otsego, A Prime Investment Opportunity in North Hollywood! Tucked away on a quiet, tree-lined street in the heart of North Hollywood. Mesa Otsego is a well-maintained 16-unit apartment building offering stability and upside potential. Projected future income could be $27,795/mth or $333,540/year. The property consists of 14 one-bedroom, one-bathroom units, each with a covered carport parking spot, and a spacious two-bedroom, two-bathroom unit. One vacant unit provides an opportunity for owner occupancy or market-rate rentals. The property has undergone key upgrades, including a completed soft-story retrofit and a newer electrical panel. Residents can enjoy a refreshing pool, on-site community laundry, and, in select units, private outdoor spaces. Beyond the property, Mesa Otsego offers unbeatable access to the best of the NOHO Arts District. Just moments away, you'll find some of the neighborhood's hottest restaurants, including The Federal, a stylish gastropub with craft cocktails; Idle Hour, the iconic barrel-shaped bar with a lively atmosphere; and The Front Yard, a local favorite serving elevated California cuisine. Enjoy world-class entertainment at The Road Theatre Company and the historic El Portal Theatre, or grab a coffee at the ever-popular Groundwork Coffee Co., with Metro access nearby, commuting is a breeze, making this an attractive location for renters. Drive by only. Do not disturb tenants. All offers are subject to interior inspection.
Presented By: Gina Isaac with Nourmand & Associates-HW;

Interior Features for 10803 Otsego Street

Bedrooms

Total Bedrooms16

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths17

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Laminate, Tile, Vinyl
Heating Y/NYes
Interior AmenitiesCeilingFans
Laundry FeaturesCommonArea, LaundryRoom
Total Stories2

General for 10803 Otsego Street

Additional Parcels Y/NNo
AppliancesDishwasher, GasCooktop, Disposal, GasOven, Range, Refrigerator
Architectural StyleTraditional
Attached Garage No
Buyer FinancingCash
Cap Rate5.98
Carport Spaces15.0
Carport Y/NYes
CityNorth Hollywood
Community FeaturesGated
Construction MaterialsStucco
CoolingWallWindowUnits
CountyLos Angeles
DirectionsWest of Cahuenga, East of Vineland, North Camarillo, South of Magnolia
Full Baths
Garage Y/NNo
Gross Income333060.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo, MultiSplit
Lot Size Square Feet12561.0
Lot Size UnitsSquareFeet
MLS AreaNHO - North Hollywood
MobileHomeRemainsYNNo
Net Operating Income221201.0
New ConstructionNo
Number Of Units Total16
Pool FeaturesFenced, InGround
PossessionCloseOfEscrow
PostalCityNORTH HOLLYWOOD
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition
Security FeaturesGatedCommunity
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories Count2
Tenant PaysElectricity, Gas
Year Built1964
ZoningLARD1.5

Exterior for 10803 Otsego Street

Building Area Total11428.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2884
Lot Size Area12561.0
Number of Buildings1
Parking FeaturesAssigned, Covered, Carport
Private PoolNo
SpaNo
Total Parking15.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $3,699,000
MLS#25505227
List Date 03/04/2025
Property Type Multi-Family
Phone 714.742.6515
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