$3,699,000
PENDING $101K PRICE DROP

Estimated payment $23,815/month

Total Views 4,540
16 Beds
17 Baths
11,428 Sq Ft
$324 Price per Sq Ft

Highlights

  • In Ground Pool
  • Living Room
  • Tile Flooring
  • Traditional Architecture
  • Laundry Room
  • Ceiling Fan

About This Home

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.

Listing Agent

Gina Isaac

Nourmand & Associates-HW License #01437713 Listed on: 03/04/2025

Co-Listing Agent

Christopher Furstenberg

Nourmand & Associates-HW License #01208924

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.29 Acre Lot
  • Gated Home

Home Design

  • Traditional Architecture
  • Split Level Home
  • Composition Roof
  • Stucco

Interior Spaces

  • 11,428 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Area

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 17 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 15 Parking Spaces
  • 15 Carport Spaces
  • Assigned Parking

Pool

  • In Ground Pool
  • Fence Around Pool

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Central Water Heater

Listing and Financial Details

  • The owner pays for gardener, water, pool service
  • Assessor Parcel Number 2419-007-026

Community Details

Amenities

  • Laundry Facilities
  • Community Mailbox

Additional Features

  • 16 Units
  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: Multi/Split, Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: 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 $27,925/mth or $335,100/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 manager's unit, which is currently vacant, allowing the flexibility to choose your resident manager. Four vacant units provide an excellent 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
  • Alley: No
  • Complex Name: Mesa Otsego
  • Living Area: 11428
  • Lot Acreage: 0.2884
  • Probate: No
  • Stories: 2
  • Year Built: 1964
  • Number Of Photos: 45
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Mixed, Laminate, Tile, Vinyl, Carpet
  • Appliances: Cooktop - Gas, Oven-Gas, Range
  • Bedrooms: 16
  • Common Walls: Attached
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community, Room
  • Laundry Equipment: Lease
  • Total Bathrooms: 17.00
  • Den: 0
  • Equipment: Garbage Disposal, Dishwasher, Ceiling Fan, Range/Oven, Refrigerator
  • Price Per S Q F T: 323.68

Exterior Features

  • Construction: Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool Description: In Ground, Fenced
  • Pool: Yes
  • Roof: Composition
  • Spa Yn: No

Garage/Parking

  • Carport Spaces: 15
  • Covered Parking: 15
  • Parking Garage: Assigned, Carport, Covered Parking
  • Total Parking: 15

Utilities

  • Water District: LADWP
  • Water Heater: Central Water Heater
  • Cooling: Wall/Window
  • Heating: Wall
  • Security: Gated
  • Water Heaters: Yes

Association/Amenities

  • Community Features: Community Mailbox

Lot Info

  • Assessed Improvement Percent: 73.92
  • Assessed Improvement Value: 592171
  • Assessed Land Percent: 26.08
  • Assessed Land Value: 208977
  • Total Assessed Value: 801148
  • Assessor Parcel Number: 2419-007-026
  • Lot Size Area: 12561

Rental Info

  • Owner Pays: Gardener, Water, Pool Service
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.11
  • Number Of Units: 16
  • Rent Control: 100
  • Total Annual Expense: 111859
  • Type Of Units: Apartments
  • Vacancy Rate: 4

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Pending -- -- --
06/16/2025 06/16/25 Price Changed $3,699,000 -2.7% $324 / Sq Ft
03/04/2025 03/04/25 For Sale $3,800,000 -- $333 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25505227

The MLS