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Key Details
Sold Price $2,750,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,771 sqft
Price per Sqft $476
MLS Listing ID CL23280885
Sold Date 08/22/23
HOA Y/N No
Year Built 1985
Lot Size 8,681 Sqft
Acres 0.2
Property Description
SELLER FINANCING AVAILABLE - 1985 CONSTRUCTION. We are proud to present 10932 Bloomfield St, an 8-unit pride of ownership multi-family asset located in the prime Toluca Lake submarket of the San Fernando Valley. Built in 1985, this 5,771 square foot property is subject to AB-1482 Rent Control, allowing the new owner to increase rents by up to 10% annually. This income producing property features an attractive unit mix of (1) 3 bed/2 bath unit, (2) 2bed/2 bath units,(1) 1bed/1 bath unit, and (4) studio units. The large studio units have bedroom partitions, however, on title they are listed as studios and all second floor units have vaulted ceilings. Current ownership has spent over $200,000 in recent capital improvements including a new roof (2021), central air in two of the larger units, split HVAC in one studio, remodeling exterior stairs, and new security gates. The recent cosmetic improvements to the entrance and the new landscaping gives the subject property beautiful curb appeal. Tenants enjoy on-site amenities such as gated parking and laundry (owned not leased).
Location
State CA
County Los Angeles
Area Toluca Lake
Zoning LAR3
Interior
Heating Other
Cooling Central Air
Flooring Wood
Fireplace No
Appliance Dryer
Laundry Community Facility, Dryer, Washer
Building
Lot Description Other
New Construction No
Others
Tax ID 2423020009
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Bought with TomaBarseghian