3 Units | RSO Exempt | North Hollywood
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12800 Oxnard St
North Hollywood, CA 91606
The LAAA Team of Marcus & Millichap is pleased to announce the successful sale of 12800 Oxnard St, a well-located triplex in North Hollywood. This transaction highlights how strong relationships and strategic marketing continue to drive competitive bidding—even in today’s cautious market. Additionally, the property benefits from the Luxury Exemption, meaning it is not subject to Los Angeles Rent Stabilization Ordinance (RSO).
Deal Story
The seller, after years of ownership, decided it was time to cash out and move on from the complexities of managing rental properties in Los Angeles. Referred to us by a satisfied client, they trusted our team to position the property for maximum exposure.
Our marketing efforts resulted in three strong offers:
An exchange buyer seeking a replacement property but ultimately opted for a Delaware Statutory Trust (DST) for their 1031 exchange. A local investor who had been eyeing this property for years but wasn’t ready to move forward. The winning buyer, a repeat triplex investor, saw an immediate upside with a vacant unit and secured the deal.
Just before closing, the buyer received an unexpected bonus—a second unit became vacant, allowing them to reposition the property for even greater cash flow from day one.
With market conditions shifting, buyers and lenders remain cautious. Securing financing was a key hurdle, but we worked through it, and the buyer locked in a DSCR 5/6 ARM loan at 7.49% (1-year prepay, no cost) with a loan amount of $834,000. This financing structure allowed for a lower down payment while still acquiring a high-quality asset—a strategic move for a long-term investor.
