Estancia Apartments is an eight-unit property located in the heart of the NoHo Arts District. The Arts District is an area of the San Fernando Valley that is undergoing rapid growth and urbanization as dozens of developments are currently underway and in planning stages. This will increase density, bringing new retail and entertainment options, and transform this once sleepy bedroom community into a vibrant city-like community with walkable and bikeable streets, and improved services surrounding major transit hubs. Located at 11259 Otsego Street, the eight-unit Estancia Apartments was built in 1950 and painstakingly restored in 2018, maintaining the architectural charm of the exterior while bringing unit interiors into the 21st century. The property features a unit mix of all one-bedroom and one-bathroom units that have an average living area of 665 square feet and include individual water heaters.

Six of the eight units at Estancia were comprehensively restored in 2018 with significant effort made to maintain the mid-century charm. Existing hardwood floors were renewed and restained throughout. Updated kitchens feature mosaic hexagon tile flooring, attractive dual-tone shaker style cabinetry with durable quartz countertops, and modern stainless steel appliances. Bathrooms were updated with new cabinetry and hardware, and feature floating vanities. Expansive windows bring in natural light and create an extra sense of space.

The NoHo Arts District is in the midst of an ongoing renaissance that started in the early 2000’s with the development of the North Hollywood Metro station. Once a gritty suburb, North Hollywood has transformed into the San Fernando Valley’s cultural hub with numerous dance studios, art galleries, and acting workshops side by side with various strip malls and mixed use entertainment complexes. The neighborhood has transformed into one of the most densely populated in the San Fernando Valley, and is home to a major transportation hub, serving as the nexus point between the Orange Line busway and the Red Line subway.

PROPERTY HIGHLIGHTS

• Renovated and Restored in 2018 - six of eight units updared
• Charming and spacious one-bedroom units averaging 665
• square-feet
• Renewed original hardwood flooring and designer tilework
• Additonal upside available through turnover and renovation
• of remaining two units
• Surrounded my numerous major mixed-use developments
• New Whole Foods 365 Market opening less than 600 feet
• from the property