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Las Casitas 11231 Otsego St 44 Unit Apartment Building $13,905,943 CAD ($316,044 CAD/Unit) 5.66% Cap Rate North Hollywood, CA 91601
Investment Highlights
- 44-unit multifamily community with exclusive townhouse and loft-style residences in North Hollywood.
- Individually metered gas and electricity for efficient expense control and streamlined management.
- Prime location near NoHo Arts District, retail, dining, and Metro transit for strong rental demand.
- Private balconies, individual AC, and in-unit amenities appeal to a broad tenant base.
- 60 on-site parking spaces, laundry facilities, and trash chutes on each floor for resident convenience.
- Well-maintained property positioned for stable cash flow and future rent growth.
Executive Summary
David Harrington
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
| Price | $13,905,943 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $316,044 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 5.66% | Building Size | 32,150 SF |
| No. Units | 44 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 1.37/1,000 SF |
| Zoning | LAC4 - Commercial | ||
| Price | $13,905,943 CAD |
| Price Per Unit | $316,044 CAD |
| Sale Type | Investment |
| Cap Rate | 5.66% |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.43 AC |
| Building Size | 32,150 SF |
| No. Stories | 3 |
| Year Built | 1974 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | LAC4 - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Refrigerator
- Oven
- Range
- Carpet
Site Amenities
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 600 |
| 1+1 | 28 | - | 620 - 700 |
| 2+1.5 | 16 | - | 1,200 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2353-004-026 | Improvements Assessment | $2,552,882 CAD |
| Land Assessment | $1,094,290 CAD | Total Assessment | $3,647,172 CAD |
Property Taxes
Parcel Number
2353-004-026
Land Assessment
$1,094,290 CAD
Improvements Assessment
$2,552,882 CAD
Total Assessment
$3,647,172 CAD
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Las Casitas | 11231 Otsego St
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