Sold
Closed
10611 Landale Street
North Hollywood CA, 91602
$1,400,000
$340.30 per sqft
Sold
Closed
5 Beds
5 Baths
4,114 sqft
Residential
Built in 1951
We are proud to present 10611 Landale St, a primely located 5 unit multifamily property in the Toluca Lake neighborhood of Los Angeles. This rent controlled property was last sold in 1999, allowing buyers the chance to purchase a generational asset that hasn't been sold in 25 years!Built in 1951, this 4,114 square foot property sits on a 9,922 square foot lot (0.23 acres), and it boasts a strong unit mix of (3) 1 bed / 1 bath units, (1) studio, and (1) very large 2 bed / 1 bath unit that comes with a living room, dining room, and a den - the den is currently being used as a 3rd bedroom. The units are split between two different structures. The structure at the front of the lot houses the three 1-bedroom units, and the structure at the back has the smaller studio unit and the very large upstairs 2-bedroom unit. Also at the back are 5 private 1-car garages. The property has been very well taken over the decades of ownership. The roof, electrical, and plumbing systems are in good working order and the seller already completed the seismic retrofitting for the property in 2020.10611 Landale offers a strong value add play for investors. There's over 20% upside potential on the current units, and this property could be perfect to add units by converting some or all of the garages to ADUs. Situated in the highly walkable Greater Toluca Lake neighborhood with an impressive 83 Walk Score, the property is just steps away from popular parks like South Weddington Park and Woodbridge Park. Tenants will appreciate the convenience of nearby amenities and access to Riverside Drive and Cahuenga Boulevard. This prime location, combined with rental upside and ADU potential, makes 10611 Landale St a rare investment opportunity in one of Los Angeles' most desirable neighborhoods.
24447451
MLSⓇ ID
October 1, 2024
Listed
December 5, 2024
Updated
Map
10611 Landale Street
North Hollywood CA, 91602
Interior Features
Total Stories
1
Bedrooms
5
Total Bathrooms
5
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.23 Acres
Other Property Details
Area Name
TUL - Toluca Lake
Days on Market
34
Garage
No
Parking Total
0
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Listing History
Date | Event | Price |
---|---|---|
12/5/2024 | Sold | $1,400,000 |
11/13/2024 | Pending | — |
11/6/2024 | Price change | $1,495,000 -4% |
10/23/2024 | Price change | $1,550,000 -4% |
10/23/2024 | Active | — |
10/14/2024 | Pending | — |
Listed by Filip Niculete, Marcus & Millichap, CA DRE 01905352
Listing Contact: 818-212-2817
Based on information from the CRISNet MLS as of 12/5/2024, 11:40 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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