Description

With a pro forma gross cap rate of 7.6%, welcome to 11912 Elkwood Street, a fully remodeled residential income opportunity ready for an investor or owner-user to maximize rental potential. Located on a quiet street in North Hollywood, this property features a beautifully updated main residence plus two additional private units, each with separate addresses. The main house offers excellent curb appeal and a bright, open-concept floor plan with recessed lighting and new flooring throughout. The spacious living room is filled with natural light and flows into a stunning all-white kitchen with abundant cabinetry, ample counter space, brand-new stainless steel appliances, and an adjoining dining area. The home includes three bedrooms and two bathrooms, including a primary bedroom with direct access to the expansive backyard—ideal for entertaining or quiet relaxation. Brand-new central air and heating provide year-round comfort. The two additional units are thoughtfully designed and offer flexibility for rental income, extended family, or owner-user use. Each unit features one bedroom and one bathroom, recessed lighting, efficient heating and cooling, and a kitchenette with ample cabinetry, counter space, and new appliances. Both units include in-unit washer and dryer. The rear unit (11914 Elkwood Street) is a full ADU located at the back of the lot, providing enhanced privacy, direct access to a large, beautifully landscaped outdoor space, and a comfortable, modern living environment. Set on an approximately 7,000-square-foot lot, the property is conveniently located near schools, parks, restaurants, grocery stores, Canyon Plaza Shopping Center, and provides easy access to the 5 and 170 freeways. This property presents a rare opportunity to establish market rents and achieve an estimated almost $9,000 per month in gross rental income, making it a compelling opportunity for investors or owner-users seeking flexibility, quality, and long-term value in North Hollywood.