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 ADU
We are proud to present this rare opportunity to own a 32-unit apartment building located in a prime Toluca Lake location. Built in 1968, the property is subject to LA City Rent Control. The building features an excellent unit mix with 30 two-bedroom, two-bath units and 2 one-bedroom, one-bath units. Each apartment offers spacious floorplans, central A/C & heat and attractive finishes to add to the desirability of the property. The property offers residents attractive amenities such a pool, courtyard, gym, BBQ area, intercom access, on-site laundry facility and plenty of subterranean and open parking (66 Spaces total). Additionally, there is leasing office at the property which helps the owner, manager and tenants facilitate the best living and management experience possible. In addition to the desirable features of the property, residents benefit from an excellent location that provides easy access to endless shopping, dining and entertainment options of Universal Studios, Universal City, and busy thoroughfare of Ventura Blvd. This is a unique opportunity to acquire a very well-located asset with long term ownership and significant upside potential.
Prime Short-Term Rental Income Generator! Nestled in the heart of Toluca Lake, this property is a goldmine for short-term rentals. Featuring two modern units in the back, fully permitted for short-term rentals, this setup is tailor-made for maximizing income. Whether you're an investor or an owner looking to live on-site while cashing in on high rental demand, this opportunity is not to be missed.The front unit is a charming, remodeled 2-bed, 2-bath Spanish-style home with private outdoor living spaces, a cozy fire pit, and a serene Moorish water feature. The mature, drought-tolerant landscaping adds to the low-maintenance appeal while creating a lush, tranquil atmosphere for guests. Step to the back and discover the sleek duplex, built in 2018, featuring two stunning 2-bed, 2-bath units with high-end stainless steel appliances and stylish subway tile showers. Each unit is designed with renters in mind, offering private patios, in-unit laundry, and modern finishes throughout. The upstairs unit even has two balconiesperfect for soaking up that sunny LA weather! The duplex is not subject to RSO buyer to verify providing even more flexibility for rental terms.Each unit is independently metered for utilities, ensuring convenience for both tenants and owners. Outdoor spaces are enhanced with vibrant wall murals, lush landscaping, and elegant water features, making these units highly desirable for short-term guests. Situated near LA's major studios (Disney, Universal, Warner Bros.) and iconic attractions like the Hollywood Bowl, this property offers unbeatable convenience for tourists and professionals alike. Easy access to major freeways and Metro stations makes commuting a breeze. This high-demand, income-generating property is a rare find in one of LA's hottest rental markets. Act fast-- your short-term rental empire awaits!
Mixed Use commercial investment, prime Toluca Lake location. Four units (one vacant), 4,764 square feet of high visibility storefront retail/office property for sale on popular high traffic main corridor. Dream opportunity set in vibrant hub. Beautifully well-maintained businesses with convenient street parking plus on-site parking for 11 cars accessed via a rear alley. Upscale building signage enhances visibility along Riverside Drive. Strategically located to nearby major retailors, dining and recreation. Highly accessible to the 134, 101 and 170 freeways, close to major studios, public transit and airports. Boasts high walkable and bikeable scores.
Open House:
Sunday, 11/17 1:00-3:00PM
Presenting a unique investment opportunity at 10559 Camarillo St, Toluca Lake, featuring a versatile property with dual-unit potential. This 1,859 sq ft residence, set on a 6,984 sq ft lot, offers an ideal configuration for maximizing rental income or multi-generational living. Property is Currently configured as two, 2 bedroom, 1 bath units, with kitchens and individual laundry rooms. The backyard offers a tranquil retreat with a delightful pergola-covered patio, ideal for outdoor dining and relaxation. Additionally, a detached 2-car garage provides ample storage and parking space. This home is a rare find in a prime location, offering a blend of comfort and convenience at an attractive price.
Well Maintained, pride of ownership 4 unit in Toluca Lake Area of North Hollywood. Property Consists of of four 2 bedroom + 1 bath units, averaging about 800 sq. ft. each. 4.64 Cap Rate and 14.71 GRM at Market Rent. Possibiliby for an astute investor to turn the carports into ADU's to generate additional Rental Income and further increase the cash return to Owner. Each Unit has individual Water Heater. Zoned LA-R3 so possibility to rent now and build condos in the future similar to properties accross the Street.
The median home value in North Hollywood, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in North Hollywood, CA is $912,500. Approximately 33.96% of North Hollywood homes are owned, compared to 58.13% rented, while 7.92% are vacant. North Hollywood real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a North Hollywood real estate agent to arrange a tour today!
North Hollywood 91602 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.