With a pro forma gross cap rate of 7.6%, welcome to 11912 Elkwood Street, a fully remodeled residential income opportunity delivered vacant and ready for an investor or owner user to maximize rental potential. Located on a quiet street in North Hollywood, this property features a beautifully updated main residence plus two additional private units, each with separate addresses. The main house offers excellent curb appeal and a bright, open concept floor plan with recessed lighting and new flooring throughout. The spacious living room is filled with natural light and flows into a stunning all white kitchen with abundant cabinetry, ample counter space, brand new stainless steel appliances, and an adjoining dining area. The home includes three bedrooms and two bathrooms, including a primary bedroom with direct access to the expansive backyardideal for entertaining or quiet relaxation. Brand new central air and heating provide year round comfort. The two additional units are thoughtfully designed and offer flexibility for rental income, extended family, or owner user use. Each unit features one bedroom and one bathroom, recessed lighting, efficient heating and cooling, and a kitchenette with ample cabinetry, counter space, and new appliances. Both units include in unit washer and dryer. The rear unit (11914 Elkwood Street) is a full ADU located at the back of the lot, providing enhanced privacy, direct access to a large, beautifully landscaped outdoor space, and a comfortable, modern living environment. Set on an approximately 7,000 square foot lot, the property is conveniently located near schools, parks, restaurants, grocery stores, Canyon Plaza Shopping Center, and provides easy access to the 5 and 170 freeways. Delivered vacant, this property presents a rare opportunity to establish market rents and achieve an estimated $9,000 per month in gross rental income, making it a compelling opportunity for investors or owner users seeking flexibility, quality, and long term value in North Hollywood.