JUST CLOSED! ESTANCIA APARTMENTS
Iconic is pleased to announce a record breaking sale, Estancia Apartments in the heart of the NoHo Arts District. The property closed escrow at $2,180,000 which equates to $272,500 per unit and $409 per square foot.
Located at 11259 Otsego Street, Estancia Apartments was built in 1950 and painstakingly restored in 2018, maintaining the architectural charm of the exterior while bringing the unit interiors into the 21st century. The property features a unit mix of all one-bedroom and one-bath units that have an average living area of approx. 665 square feet and include individual water heaters.
Six of the eight-units 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, modern stainless steel appliances, and more.
