10602-10610 Landale St - Apartments FOR SALE


North Hollywood, CA 91602
$1,985,000 USD
818-640-4360
10602-10610 Landale St, North Hollywood, CA for Sale
$1,985,000 USD
Apartments - FOR SALE
1/31
null | 4.91% Cap Rate

10602-10610 Landale St
North Hollywood, CA 91602


HIGHLIGHTS

  • Pride of ownership 7 unit building in prime Toluca Lake
  • Excellent unit mix consisting of (5) 1+1 units and (2) 2+1 units. Two of the units are townhouses
  • Property has been meticulously maintained and features newer windows, central HVAC, enclosed garages, and a pitched roof
  • The property features a new roof, new plumbing, and a new driveway.
  • Upside in existing rents

OVERVIEW

Equity Union Commercial is proud to represent this 7 unit apartment building in prime Toluca Lake. The building was constructed in 1956. Its unit mix consists of (5)1 1+1 units and (2) 2+1 units. With a lot size of 7,771 square feet, the property has a total of 5,808 rentable square feet. The property has a new roof, new plumbing, and a new driveway. The property also has new landscaping; the windows on the Landale side are all double pane windows and the windows on the Cahuenga side are all triple pane. The balconies have been retrofitted. Toluca Lake is a tranquil and friendly community, nestled between North Hollywood and Burbank. The neighborhood boasts a shopping district with excellent cocktail bars, sushi restaurants, and homey cafes and diners, all of which give it a manageable yet interesting atmosphere. Toluca Lake’s residential streets have a relaxed feel. The neighborhood’s residents also have quick access to the 134, 101, and 170 freeways.

FOR SALE DETAILS

PRICE

$1,985,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

7

PRICE/UNIT

$283,571

CAP RATE

4.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,499 SF

ZONING

LAR3

APN/PARCEL ID

2423-003-027

ASK ABOUT THIS PROPERTY

Cindy HillEquity Union CommercialMore Info
818-640-4360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Cindy HillEquity Union CommercialMore Info
818-640-4360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.