Toluca Lake (los Angeles), CA 91602,10806 Sarah Street
Listed by Elizabeth Maddox • The 2-4 Unit Specialists
Bought with Pablo Pomes • Provenio Realty and Investment

$1,305,000

Est. payment /mo

$1,315,000

0.8%
Est.Price: ?

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10806 Sarah Street Toluca Lake (los Angeles), CA 91602

1,672 SqFt

SOLD DATE : 10/13/2023

Key Details

Sold Price $1,305,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,672 sqft

Price per Sqft $780

MLS Listing ID CRBB23153078

Sold Date 10/13/23

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1904

Lot Size 5,050 Sqft

Property Description

10806 Sarah St is a fully renovated duplex + brand new construction freestanding ADU in highly desirable West Toluca Lake that is being offered at an unheard-of low price of $1,315,000! The property currently has the ADU leased at a whopping $3,200 and we project a conservative cap rate of 5.48% once fully rented. This charming triplex, nestled between upscale Toluca Lake and the trendy NoHo Arts District, is ideal for owner occupiers (rent one of the front units and have the other 2 pay the mortgage!) and investors alike (a perfect 1031 exchange option!). We are currently leaving the front 2 units vacant to allow for owner occupancy. 10806 Sarah features a front duplex containing two fully renovated 1 bedroom, 1 bathroom units and a detached ADU that is 1 bedroom, 1 bathroom. Additionally, there is a garage that boasts potential to be converted into a 1 bedroom ADU (see photos for floorplans). With an ADU added, we are projecting the value of the property to jump up by $400,000, if not more! Enjoy other notable perks including: stainless steel appliances in the front units (owner will be adding), a large landscaped front yard, washers and dryer hook ups in all units, brand new solar panels for the ADU, well-designed open floor plans, 10ft vaulted ceilings, a brand new electrical

Location

State CA

County Los Angeles

Interior

Flooring Laminate

Fireplace No

Laundry Other, Inside

Exterior

View Other

Parking Type Assigned

Building

Lot Description Landscape Misc

Water Public

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Alessandra Imanabadi

Alessandra Imanabadi

Nationwide Fine Homes

+1(510) 504-2528

Our team is ready to help you sell your home for the highest possible price ASAP


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Alessandra Imanabadi

Broker/ Realtor | License ID: 01390368 NMLS Lic.# 328245

+1(510) 504-2528

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