10810 Sarah Street

    North Hollywood, CA 91602
    • $2,575,000
    • STATUS: Active
    • ON SITE: 41 days
    • ID#: 18353354
    UPDATED: 11 min ago
    $2,575,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,392
      SQFT
    • $586
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:

    School Ratings & Info

    Description

    We are pleased to announce the sale of 10810 Sarah Street, a 10-unit multifamily property in prestigious Toluca Lake, CA, that is on the market for the first time in over 45 years. Situated on a corner lot with brand new multifamily construction underway on two adjacent blocks, the property benefits greatly from its location in one of the most desirable neighborhoods of the San Fernando Valley. The two buildings occupy one parcel, which also contains an abundance of open parking, with 17 spaces for the 10 units. There is a common BBQ area, while select units also have their own private patio. Both buildings feature pitched roofs, while the new water heater was just installed in 2017. Select apartment interiors include amenities such as ceramic tile and wood laminate flooring, with skylights and high cathedral ceilings in upstairs units. The onsite laundry room contains machines owned by the landlord, which maximizes the flow of additional income.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-23T11:27:46.343. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84495592

    10810 Sarah Street North Hollywood, CA 91602

    • Price: $2,575,000
    • Status: Active
    • Updated: 11 min ago
    • ID#: 18353354
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    4,392
    SQFT
    $586
    $/SQFT
    1973
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    We are pleased to announce the sale of 10810 Sarah Street, a 10-unit multifamily property in prestigious Toluca Lake, CA, that is on the market for the first time in over 45 years. Situated on a corner lot with brand new multifamily construction underway on two adjacent blocks, the property benefits greatly from its location in one of the most desirable neighborhoods of the San Fernando Valley. The two buildings occupy one parcel, which also contains an abundance of open parking, with 17 spaces for the 10 units. There is a common BBQ area, while select units also have their own private patio. Both buildings feature pitched roofs, while the new water heater was just installed in 2017. Select apartment interiors include amenities such as ceramic tile and wood laminate flooring, with skylights and high cathedral ceilings in upstairs units. The onsite laundry room contains machines owned by the landlord, which maximizes the flow of additional income.
    Exterior Features

    Lot Features Sprinklers None Lot Size Source Assessor Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes

    Property Features

    Cap Rate 3.51 Gross Multiplier 17.07 Gross Operating Income 150840.00 Improvements Amount 131587 Land Value 45603 Net Operating Income 90361.00 Special Listing Conditions Standard Total Expenses 56008.00 Zoning Lard1.5

    Listing provided courtesy of Roderick 'Rick' Raymundo of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-23T11:27:46.343. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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