12727 Oxnard Street, North Hollywood, California 91606, North Hollywood, 91606 - bed, bath
ACTIVE$1,239,000
12727 Oxnard Street, North Hollywood, California 91606
0Bed
0Bath
2,660Sqft
6,003Lot
Year Built
1951
Close
-
List price
$1.24M
Original List price
$1.27M
Price/Sqft
$466
HOA
-
Days on market
-
Sold On
-
MLS number
SR24219820
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.24M(57th), sqft - 2660(43th), beds - undefined(50th), baths - undefined(50th).
3 Units in North Hollywood with upside potential through construction of an ADU (buyer to verify). Unit mix consists of (3) 2+1 bath units. The building is a total of 2,660 square feet and situated on a 6,001 square foot lot. Easy access to the 101, 170, and 134 freeways. The building is separately metered for gas and electricity.
Nearby schools
6/10
John B. Monlux Elementary School
Public,•K-5•0.1mi
6/10
Erwin Elementary School
Public,•K-5•0.9mi
7/10
Burbank Boulevard Elementary School
Public,•K-5•0.9mi
5/10
Coldwater Canyon Elementary School
Public,•K-5•1.1mi
5/10
Victory Boulevard Elementary School
Public,•K-5•1.1mi
5/10
Bellingham Elementary School
Public,•K-5•1.1mi
4/10
Kittridge Street Elementary School
Public,•K-5•1.3mi
3/10
Maurice Sendak Elementary School
Public,•K-5•1.8mi
1/10
Andres And Maria Cardenas Elementary School
Public,•K-5•2.1mi
3/10
Andres And Maria Cardenas Elementary School
Public,•K-5•2.1mi
5/10
Hazeltine Avenue Elementary School
Public,•K-5•2.2mi
5/10
Ranchito Avenue Elementary School
Public,•K-5•2.8mi
4/10
Roy Romer Middle School
Public,•6-8•1.0mi
5/10
James Madison Middle School
Public,•6-8•1.3mi
6/10
Walter Reed Middle School
Public,•6-8•2.3mi
2/10
Van Nuys Middle School
Public,•6-8•2.4mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•0.4mi
8/10
North Hollywood Senior High School
Public,•9-12•1.6mi
6/10
Van Nuys Senior High School
Public,•9-12•2.6mi
Condition Rating
Poor
Built in 1951, this property is over 70 years old, and the images confirm that the kitchen and bathrooms are significantly outdated, likely from an older renovation (30-50+ years ago) or original. The kitchen features old white cabinets, laminate countertops, older white appliances, and dated linoleum flooring. The bathroom has an older vanity, basic fixtures, and older tile. While the living areas have decent hardwood floors, the presence of window AC units suggests a lack of central HVAC. The property requires substantial rehabilitation and major system updates to meet current standards and tenant expectations, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Income-Generating Triplex: The property consists of three 2-bedroom, 1-bathroom units, providing immediate and diversified rental income streams for an investor.
ADU Development Potential: Explicitly noted upside potential through the construction of an Accessory Dwelling Unit (ADU), offering a significant opportunity to increase property value and rental income.
Separately Metered Utilities: Gas and electricity are separately metered for each unit, which simplifies property management and reduces the landlord's operational expenses.
Desirable Unit Mix: The unit mix of three 2-bedroom, 1-bathroom units is highly sought after by renters, ensuring a strong tenant pool and stable occupancy.
Excellent Freeway Access: The property boasts easy access to major freeways (101, 170, and 134), enhancing its appeal for commuters and providing convenient connectivity to the greater Los Angeles area.
Cons
Property Age: Built in 1951, the property is over 70 years old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and requiring significant capital expenditure for renovations or deferred maintenance.
ADU Verification Required: While ADU potential is a strength, the 'buyer to verify' clause indicates that the feasibility and costs are not confirmed, requiring additional due diligence and investment from the buyer.
Lack of Renovation Details: The description does not mention any recent upgrades or renovations to the units, implying they may be in original or dated condition, which could necessitate significant investment to maximize rental income or attract premium tenants.