Toluca Lake, CA 91602,10742 Sarah ST
Toluca Lake, CA 91602,10742 Sarah ST
Toluca Lake, CA 91602,10742 Sarah ST
Toluca Lake, CA 91602,10742 Sarah ST
Toluca Lake, CA 91602,10742 Sarah ST
Toluca Lake, CA 91602,10742 Sarah ST
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$1,075,000

$1,100,000

2.3%
Est.Price: ?

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Est. payment /mo

4,791 Sqft Lot


SOLD DATE : 12/27/2019

Key Details

Sold Price $1,075,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID BB19226352

Sold Date 12/27/19

HOA Y/N No

Year Built 1950

Lot Size 4,791 Sqft

Property Description

10742 Sarah St, a charming triplex in the highly desirable neighborhood of Toluca Lake! Situated in a peaceful residential area minutes from the trendy NoHo Arts District, these units have historically attracted A+++ tenants at peak rents within days on the rental market.

10742 Sarah boasts a phenomenal cap rate of 4.31% and will be delivered with one unit vacant! Additionally, with a pro forma cap rate of 5.35%, this gorgeous triplex has strong upside.

Currently owned by a retired contractor, the owner has put substantial time, money and effort into pridefully maintaining this gorgeous triplex. The property boasts: new copper plumbing all the way to the street installed in 2012/2013, a new roof as of 5 years ago, an expansive downstairs “owner’s unit” that has an ornate coffered ceiling, a private covered patio, and countless closets and storage spaces, and a newly renovated upstairs unit that tastefully incorporates the 1950’s retro style. All units come with their own full, private laundry rooms and 2-car tandem parking (6 total). The property also features 1 single car garage and 1 half garage in the rear, which the ownership uses for their own personal storage. If rented out, this could bring in additional income and boost the property’s return!

Location

State CA

County Los Angeles

Area Tul - Toluca Lake

Zoning LARD1.5

Interior

Interior Features Beamed Ceilings, Pantry, Storage, Tile Counters, Walk-In Pantry, Walk-In Closet(s)

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Tile, Wood

Fireplace No

Appliance Freezer

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Curbs, Street Lights, Sidewalks, Park

Total Parking Spaces 7

Private Pool No

Building

Lot Description Flag Lot, Front Yard, Sprinklers In Front, Landscaped, Level, Near Park, Near Public Transit, Rectangular Lot, Value In Land, Yard

Story Two

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2421031007

Acceptable Financing Submit

Listing Terms Submit

Financing Cash to Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Elizabeth Maddox • The 2-4 Unit Specialists
Bought with Reid C. Kaplan • RE/MAX ESTATE PROPERTIES
Amin Zarif

Real Estate Agent & Loan Officer | License ID: 02076931

+1(949) 226-1789 | realestateaminzarif@gmail.com

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