$1,075,000
$1,100,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Reid C. Kaplan • RE/MAX ESTATE PROPERTIES