North Hollywood, CA 91602,10611 Landale ST
North Hollywood, CA 91602,10611 Landale ST
North Hollywood, CA 91602,10611 Landale ST
North Hollywood, CA 91602,10611 Landale ST
North Hollywood, CA 91602,10611 Landale ST
North Hollywood, CA 91602,10611 Landale ST
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$1,400,000

$1,495,000

6.4%
Est.Price: ?

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Est. payment /mo

5 Beds

5 Baths

4,114 SqFt


SOLD DATE : 12/04/2024

Key Details

Sold Price $1,400,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,114 sqft

Price per Sqft $340

MLS Listing ID 24447451

Sold Date 12/04/24

Bedrooms 5

HOA Y/N No

Year Built 1951

Lot Size 9,922 Sqft

Property Description

We are proud to present 10611 Landale St, a primely located 5 unit multifamily property in the Toluca Lake neighborhood of Los Angeles. This rent controlled property was last sold in 1999, allowing buyers the chance to purchase a generational asset that hasn't been sold in 25 years!Built in 1951, this 4,114 square foot property sits on a 9,922 square foot lot (0.23 acres), and it boasts a strong unit mix of (3) 1 bed / 1 bath units, (1) studio, and (1) very large 2 bed / 1 bath unit that comes with a living room, dining room, and a den - the den is currently being used as a 3rd bedroom. The units are split between two different structures. The structure at the front of the lot houses the three 1-bedroom units, and the structure at the back has the smaller studio unit and the very large upstairs 2-bedroom unit. Also at the back are 5 private 1-car garages. The property has been very well taken over the decades of ownership. The roof, electrical, and plumbing systems are in good working order and the seller already completed the seismic retrofitting for the property in 2020.10611 Landale offers a strong value add play for investors. There's over 20% upside potential on the current units, and this property could be perfect to add units by converting some or all of the garages to ADUs. Situated in the highly walkable Greater Toluca Lake neighborhood with an impressive 83 Walk Score, the property is just steps away from popular parks like South Weddington Park and Woodbridge Park. Tenants will appreciate the convenience of nearby amenities and access to Riverside Drive and Cahuenga Boulevard. This prime location, combined with rental upside and ADU potential, makes 10611 Landale St a rare investment opportunity in one of Los Angeles' most desirable neighborhoods.

Location

State CA

County Los Angeles

Area Tul - Toluca Lake

Zoning LAR3

Interior

Fireplace No

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 2423003011

Special Listing Condition Standard

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Justin & Jessica Bouzane

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California Regional MLS (CRMLS)
Listed by Filip Niculete • Marcus & Millichap
Bought with Filip Niculete • Marcus & Millichap

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Justin & Jessica Bouzane

Broker Associate | Lic# 01905244

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