10806 Sarah Street
Toluca Lake, CA 91602
0.12 acres | #BB23153078
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 panel, separate meters for all utilities (owner pays no utility costs!), and extreme desirability amongst renters for years to come!
With a major lack of new construction and renovated inventory under $2 million, this property is priced to sell fast at $1,315,000! Between the lack of inventory, charming residential neighborhood, and the major upside potential, this is an ideal newer construction property to act on ASAP!
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Elizabeth Maddox (#BB41810)
Listing Office: The 2-4 Unit Specialists (#BH5345657)
Listing Courtesy (Buyer)
Buyer's Agent: Pablo Pomes (#AR44204)
