11231 Otsego Street is a well-maintained 44-unit apartment community located in the heart of North Hollywood, one of the San Fernando Valley's most dynamic rental submarkets. The property features a highly desirable and balanced unit mix consisting of 2 studio units, 21 one-bedroom units, and 21 two-bedroom units, catering to a broad tenant base that includes young professionals, couples, and small families. The asset benefits from efficient utility configuration, with individual metering for gas and electricity and master-metered water, supporting predictable operating expenses and streamlined management.From a tenant's perspective, the property offers both lifestyle convenience and functional amenities. Residents enjoy access to 60 on-site parking spaces, comprised of a combination of single and tandem parking, as well as on-site laundry facilities and trash chutes located on each floor, enhancing day-to-day convenience. The location places tenants near grocery stores, pharmacies, restaurants, and cafs, along with the vibrant NoHo Arts District. Proximity to public transportation, including major bus routes and Metro access, further strengthens the property's appeal to commuters and car-light renters.For investors, 11231 Otsego Street represents a compelling multifamily opportunity supported by scale, location, and operational efficiency. The property's unit mix and strong parking ratio promote stable occupancy, while individual utility metering reduces owner expense exposure. Its well-maintained condition limits near-term capital requirements, and the North Hollywood submarket continues to benefit from redevelopment, employment growth, and sustained rental demandpositioning the asset for consistent cash flow with potential upside through future rent growth or targeted value-add enhancements.
11231 Otsego is a Residential Income property located in North Hollywood, California, featuring a 0.472 acre lot, 32,150 sqft, 59 bedrooms, MLS #26655987.
Based on information from one of the following Multiple Listing Services: CRMLS. 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 Trestle and 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. All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. 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. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements.
Data last modified: 2026-02-24 18:55:40