Upgraded 4-Unit Property with New ADU and TOC Redevelopment Potential in Prime North Hollywood

Highlights:

• 4 units total, including a new 2-bed ADU built in 2025
• Upgraded electrical and solar panels included
• 6 on-site parking spaces
• Approx. 2,622 SF building with efficient layout
• 7,043 SF lot, zoned RD2-1, in Tier 1 TOC
• Walkable North Hollywood location near transit and retail

Description:

PartnersCRE is pleased to present a rare investment opportunity at 11334 Oxnard Street, a stabilized four-unit property in the heart of North Hollywood. The site includes three existing residential units, two 1 bedroom units and one 2 bedroom unit all occupied by reliable, long-term tenants, plus a newly constructed 2-bedroom, 1-bath ADU, completed in 2025. The ADU features approximately 740 square feet of high-end living space with modern finishes—ideal for owner-users or additional rental income.

Significant upgrades have been made to the entire property, including a new electrical panel serving all units and fully paid-off solar panels, reducing long-term operating costs. The property also includes six dedicated on-site parking spaces, providing an added convenience for tenants and increasing overall appeal in this competitive rental market.

With a strong unit mix, updated infrastructure, and excellent in-place income, the asset is well positioned for stable cash flow and long-term value. The total building size is approximately 2,622 square feet, delivering an efficient footprint with desirable unit layouts.

The property sits on a 7,043 SF lot, zoned RD2-1 with a Low Medium II Residential land use designation. Located within a Tier 1 Transit Oriented Communities (TOC) zone and a High Quality Transit Corridor, the site offers future development flexibility, including density bonuses and reduced parking requirements.

Situated just off Tujunga Avenue and near major corridors like Lankershim and Laurel Canyon Boulevards, the property benefits from excellent walkability and proximity to studios, retail, restaurants, and Metro transit lines—making this a highly desirable pocket for both residents and investors.

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