4319 Toland Way

    Los Angeles (City), CA 90041
    • $5,500,000
    • STATUS: Active
    • ON SITE: 24 days
    • ID#: AR18127323
    UPDATED: 83 min ago
    $5,500,000
    • 0
      BEDS
    • 0.48
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,888
      SQFT
    • $346
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    Toland Garden is a 17-unit very well-maintained apartment community in Eagle Rock area of the City of Los Angeles, California. The property is an attractive low-rise garden style apartment community and consists of 2 buildings that are situated on a large 20,813 square foot lot. The property offers a rare opportunity for investor to acquire a well-maintained apartment in a rapidly gentrifying area with many new developments nearby and almost no inventory of apartments for sale in the neighborhood. This rare investment offering is suitable for an owner-user who can use the front house, a 1031 exchange buyer, or a sophisticated investor that can take this property to the next level. The front building is a 2-bedrooms and 1-bathroom single family house that was built in 1921. The back building is a two-story 16-unit apartment that was built in 1965. The apartment consists of one (1) 3-bedrooms+1.5-bathroom townhouse style, six (6) 2-bedrooms+1.5-bathroom townhouse style, eight (8) 2-bedrooms+1-bathroom, and one (1) 1-bedroom+1.5-bathroom townhouse style units. Each unit is large and bright with good layout, separately metered for electricity and gas. Each unit has individual laundry-hookups and upgraded units have washer and dryer.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T15:27:49.687. 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/84071376

    4319 Toland Way Los Angeles (City), CA 90041

    • Price: $5,500,000
    • Status: Active
    • Updated: 83 min ago
    • ID#: AR18127323
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.48
    Acres
    15,888
    SQFT
    $346
    $/SQFT
    1965
    Built
    Neighborhood:
    618 - Eagle Rock
    County:
    Los Angeles
    Area:
    618 - Eagle Rock
    Property Description
    Toland Garden is a 17-unit very well-maintained apartment community in Eagle Rock area of the City of Los Angeles, California. The property is an attractive low-rise garden style apartment community and consists of 2 buildings that are situated on a large 20,813 square foot lot. The property offers a rare opportunity for investor to acquire a well-maintained apartment in a rapidly gentrifying area with many new developments nearby and almost no inventory of apartments for sale in the neighborhood. This rare investment offering is suitable for an owner-user who can use the front house, a 1031 exchange buyer, or a sophisticated investor that can take this property to the next level. The front building is a 2-bedrooms and 1-bathroom single family house that was built in 1921. The back building is a two-story 16-unit apartment that was built in 1965. The apartment consists of one (1) 3-bedrooms+1.5-bathroom townhouse style, six (6) 2-bedrooms+1.5-bathroom townhouse style, eight (8) 2-bedrooms+1-bathroom, and one (1) 1-bedroom+1.5-bathroom townhouse style units. Each unit is large and bright with good layout, separately metered for electricity and gas. Each unit has individual laundry-hookups and upgraded units have washer and dryer.
    Exterior Features

    Carport Spaces 0.00 Garage Spaces 0.00 Lot Features Lot 20000-39999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 18.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall WindowSee Remarks Cooling YN Yes Fireplace Features See Remarks Fireplace YN Yes Flooring LaminateVinylWood Heating Wall HeaterSee Remarks Heating YN Yes Laundry Features CommunityDryer IncludedGas Dryer HookupSee RemarksWasher HookupWasher Included Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 1200.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1050.00 Gross Income 345390.00 Gross Operating Income 335028.00 Gross Scheduled Income 345390.00 Insurance Expense 5683.00 Land Lease YN No Laundry YN Yes Net Operating Income 208879.00 New Taxes Expense 65616.00 Number Of Separate Electric Meters 18 Number Of Separate Gas Meters 18 Number Of Separate Water Meters 1 Number Of Units Leased 17 Number Wall AC 17 Number With Dishwasher 0 Number With Disposal 17 Number With Range 17 Number With Refrigerator 0 Operating Expense 126149.00 Other Expense 11726.00 Other Expense Description Mgmt Professional Management Expense 15366.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 28354.00 Total Expenses 126149.00 Trash Expense 2532.00 Utilities Sewer ConnectedWater Connected Vacancy Allowance Rate 3.00 Water Sewer Expense 4643.00 Water Source Public Year Built Source See Remarks

    Listing provided courtesy of Handoko Chen of Gig Real Estate Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T15:27:49.687. 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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