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Key Details
Sold Price $1,305,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,672 sqft
Price per Sqft $780
MLS Listing ID CRBB23153078
Sold Date 10/13/23
Bedrooms 3
HOA Y/N No
Year Built 1904
Lot Size 5,050 Sqft
Acres 0.12
Property Description
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
Location
State CA
County Los Angeles
Area Toluca Lake
Zoning LARD
Interior
Flooring Laminate
Fireplace No
Laundry Other, Inside
Exterior
View Y/N true
View Other
Total Parking Spaces 3
Building
Lot Description Landscape Misc
New Construction No
Others
Tax ID 2421031001
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with PabloPomes