We are pleased to present 12800 Oxnard Street, a three-unit multifamily property located in Valley Glen, CA. This property offers a rare value-add opportunity in a desirable pocket of the San Fernando Valley, with strong potential for rental growth. Built in 1959 and fully renovated in 1988, the property sits… Read More on a 0.16-acre corner lot, providing excellent visibility and accessibility. It consists of three spacious two-bedroom, two-bathroom units, each exceeding 1,000 square feet in size. All units feature private patios, replaces, and central air conditioning, offering tenants both comfort and modern amenities. The property is separately metered for utilities, reducing operating expenses, and includes on-site laundry facilities for added convenience. There are three parking spaces located behind the property with easy alleyway access. 12800 Oxnard Street is not subject to Los Angeles Rent Control (RSO) due to a luxury exemption, providing additional exibility for rental increases. With one unit currently vacant, an investor can start renovations immediately and achieve market rents. The market rent for similar two-bedroom, two-bathroom units in the area is approximately $3,000 per month, offering substantial upside potential.Located at 12800 Oxnard Street, this property is ideally situated in the heart of Valley Glen, combining suburban charm with urban convenience. Residents enjoy proximity to Valley College, Valley Glen Community Park, and Whitsett Sports Field, making the area ideal for both leisure and education.The property is well-connected, with access to major freeways including the 101 and 170, as well as public transportation options, ensuring smooth commutes throughout Los Angeles. Additionally, it is a short drive from the bustling hubs of North Hollywood and Studio City, providing access to vibrant shopping, dining, and entertainment venues. With its central location in the San Fernando Valley and proximity to employment centers, retail destinations, and recreational amenities, 12800 Oxnard Street is perfectly positioned to attract long-term tenants and capitalize on the area's consistent rental demand. Read Less
Property listed by Marcus & Millichap, Filip Niculete 818-212-2700
Listing Snapshot
Days Online
4
Last Updated
Property Type
Other
Beds
6
Square Ft.
3,240
Lot Size
0.16 Acres
Year Built
1959
MLS Number
24473743
30 Days Snapshot Of 91606
$1,087k
+37%
(avg) sold price
3
-40%
homes sold
76
-39%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1959, Building area total: 3,240, Levels: One, Living area: 3240, 1 story, 1 building
Income
Gross income: $91,200, Net operating income: $63,239
Lot
0.1638 acres, 7,133 square feet, Size: 7,133
Parking
3 totals parking, Carport
Property
Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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