12248 Oxnard St, North Hollywood
Value Add Triplex Located in Trendy Valley Glen! Owner Occupier Dream!
12248 Oxnard St is a fully vacant Valley Glen triplex (1 SFR + 1 duplex) on a spacious 6,281 SF LARD3 lot. It offers two 1-bed/1-bath units, one 2-bed/1-bath home, gated entry, garage, 5 parking spaces, and excellent ADU potential. Perfect for an owner-user or investor seeking strong rental upside. Prime location near Trader Joe’s, NoHo West, dining, and freeways—delivering flexibility, immediate income potential, and lasting long-term value.
The Important
Details
List Price:
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# Units:
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$1,096,500
Triplex
Sold
2
1961
6.08%
12.77
$90,000/Year (Pro Forma)
2,203 sqft
6,281 sqft
$522.75
$383,000
1 x 2b/1b, 2 x 1b/1b
No
2 Garage Spaces + 3 Exterior Spaces
Yes
Other Features:
Private Washers/Dryers in SFR, Value-Add Potential
The Highlights
All three units delivered VACANT at close (VERY RARE!). Perfect for an owner-user or to lease immediately at market rents!
Located in highly desirable Valley Glen, just minutes from Trader Joe’s, Studio City, and NoHo West, with easy freeway access.
Strong projected 6.09% cap rate, an excellent return with room to grow!
Incredible value-add potential: detached garage offers prime opportunity for ADU conversion to significantly increase income.
Situated on a 6,281 SF LARD3 lot, allowing for future development upside.
Fully gated property with an automatic driveway gate, offering privacy, security, and curb appeal.
Priced at just $1,149,000 and an unbeatable $522.75 per square foot!
Five on-site parking spaces and a large garage offer huge tenant appeal and flexibility.
Low-maintenance, well-kept property with charming landscaping and vintage character.
Ideal for a 1031 exchange: fully vacant, easy to lease, and positioned for long-term stability.
Walkable to neighborhood favorites like Republic of Pie, Idle Hour, and The Front Yard, plus quick access to Studio City and the Lankershim Arts District.
The Neighborhood
<15-Minute Walk
Trader Joe’s, LA Fitness, Ulta, Regal Cinemas, The Stand, Urbane Cafe, Jonah’s Kabob, Starbucks, NoHo West, Laurel Grove Park, Olive Fresh Garden Marketplace
<15-Minute Drive
Republic of Pie, House of Billiards, CBS Studio Center, Universal Studios, In-N-Out Burger, Coffee for Breakfast, Tonga Hut, Victory Plaza, North Hollywood Recreation Center
<$15 Uber Ride
Idle Hour, The Federal, The Front Yard, Mofongos, California Fish Grill, Le Reve Restaurant, Valley Plaza Sports Complex, Laemmle’s NoHo 7, Whole Foods
Contact
Lauren Cearley
213.302.8662
Property Presented By:
