
North Hollywood, California 91606
This Triplex Residential Income property is a High-Potential Investment Opportunity, listed at $1,175,000—positioned slightly above the $1,138,134 Fair Market Value. While not a discount buy, the property offers significant upside through its ADU Conversion Potential in the vacant 4-car garage. With a Condition Rating of 4, the front unit is move-in ready, providing immediate flexibility for Buy-and-Hold Investors or Owner-Occupants. Its prime corner lot location near NOHO West and major transit hubs ensures long-term rental demand and steady income growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12759 Oxnard Subject | $1,175,000* List Price | 0 | 0 | 3,330 | $342 | - |
A 6130 Whitsett Ave Sold | $905,000 | 0 | 0 | 2,971 | $305 | 0.4 mi |
B 12811 Oxnard Street Sold | $960,000 | 4 | 3 | 2,266 | $424 | 0.0 mi |
C 12806 Oxnard Street Active | $1,050,000 List Price | 0 | 0 | 3,148 | $334 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1951, this triplex features a recently renovated kitchen in the front unit with modern cabinetry and stainless appliances. However, the bathrooms remain dated with 1950s-style tile work, and the presence of window AC units indicates a lack of modern central HVAC systems. While functional and income-producing, the property's age and mixed interior conditions require further updates to systems and baths.
The vacant four-car detached garage with alley access offers a significant value-add opportunity to convert the structure into additional units, substantially increasing the property's long-term rental yield.
The front 2-bedroom unit is vacant and move-in ready with a newer kitchen and hardwood floors, allowing a buyer to occupy the unit immediately while utilizing the income from the other two units to offset the mortgage.
Situated on a corner lot in a high-demand North Hollywood pocket, the property boasts excellent proximity to NOHO West, Burbank, major freeways, and public transit, ensuring low vacancy rates.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3330, other record living area = 2584.
With two units currently occupied by tenants, the new owner inherits existing lease terms and rental rates, which may limit immediate flexibility for renovations or market-rate adjustments in those units.
Originally built in 1951, the property may require capital expenditures for aging systems or structural maintenance typical of older multi-family buildings that have not been fully modernized.
Fantastic TRIPLEX in Prime North Hollywood area! Corner Lot location! Attached one story vacant move in ready unit in front with Newer kitchen and hardwood flooring 2 bedrooms and 1 bath, additional two story 2 units each with 2 bedrooms and 1 baths, that are currently tenant-occupied, providing steady income to help offset the mortgage. The seller has possession on vacant 4 cars detached garage in the back with alley access, which might qualify to be converted into another additional units, this will greatly increasing the stream of income. You can live in the front and lease out the 2 others OR...lease them all. Close to Burbank and NOHO West with close proximity to freeways, public transit, shopping and eateries! Here is the opportunity knocks with many potentials for you!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,330 | 2,721.25 |
| Lot Size | 5,915 | 8,709.25 |
| Price | $1.18M | $1.14M |
| Price per sq ft | $353 | $414 |
| Built year | 1951 | 1950 |
| HOA | $0 | $0 |
| Days on market | 43 | 118 |
Jul 28, 2026
$1,175,000
Initial Listing
Dec 6, 2018
$860,000
Public Record