Investment Overview

11231 Otsego Street is a well-maintained 44-unit apartment community comprised entirely of townhome and loft-style residences, located in the heart of North Hollywood, one of the San Fernando Valley’s most dynamic rental submarkets. This unique unit configuration offers residents enhanced privacy, natural light, and a more residential living experience compared to traditional garden-style apartments. The property features a highly desirable and balanced unit mix consisting of 21 one-bedroom one bathroom loft style units, 1 one-bedroom one-bathroom townhouse unit, 20 two-bedroom one-and-a-half-bathroom townhouse units, and 2 two-bedroom two-bathroom townhouse units, catering to a broad tenant base that includes young professionals, couples, and small families. All units feature private balconies and individual wall mounted air conditioning units. The asset benefits from an efficient utility configuration, with individual metering for gas and electricity and master-metered water, supporting predictable operating expenses and streamlined management.