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10806 Sarah Street
Toluca Lake, CA 91602
Sold
10806 Sarah Street
Toluca Lake, CA 91602
Sold
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 panel, separate meters for all utilities (owner pays no utility costs!), and extreme desirability amongst renters for years to come! With a major lack of new construction and renovated inventory under $2 million, this property is priced to sell fast at $1,315,000! Between the lack of inventory, charming residential neighborhood, and the major upside potential, this is an ideal newer construction property to act on ASAP!
PROPERTY INFORMATION
| MLS # | BB23153078 | Lot Size | 5,050 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Triplex |
| Price | $ 1,315,000
Price Per SqFt: $ 786 |
DOM | 611 Days |
| Address | 10806 Sarah Street | Type | Residential Income |
| City | Toluca Lake | Sq.Ft. | 1,672 Sq. Ft. |
| Postal Code | 91602 | Garage | 1 |
| County | Los Angeles | Year Built | 1904 |
| Bed / Bath | 3 / 0 | Parking | 3 |
| Built In | 1904 | Status | Closed |
| Sold Date | 2023-10-13 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Electric Dryer Hookup, Inside, Washer Hookup |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Electric Oven, Electric Range, Refrigerator |
| Room Information | All Bedrooms Down |
| Flooring Information | Laminate |
| EntryLocation | front |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,403
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/13/2023 | Sold | $1,305,000 |
| 08/29/2023 | Sold | $1,330,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Elizabeth Maddox, Myunits.com Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
