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$ 2,888,000
Est. payment | /mo
12 Beds
12 Baths
5,906 SqFt
$ 2,888,000
Est. payment | /mo
12 Beds
12 Baths
5,906 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,906 sqft
Price per Sqft $488
MLS Listing ID 25494091
Bedrooms 12
HOA Y/N No
Year Built 2017
Lot Size 5,266 Sqft
Property Description
Introducing an exquisite, ultra-modern fourplex situated in Toluca Lake, the highly coveted city within the Valley! This remarkable complex was built in 2017 and stands as the epitome of opulence in Toluca Lake. 10706 Camarillo comprises two separate buildings that house four units, each boasting three bedrooms and two and a half bathrooms, townhome-style units with tandem gated parking for each unit. Each unit is equipped with top-of-the-line appliances, meticulously designed floor plans with multiple balconies, and an unparalleled level of craftsmanship that sets it apart from any other building. All units are separately metered for gas, electric, and water, ensuring efficiency and convenience for both tenants and owners. These exceptional rental units command the highest standard of living in Toluca Lake, making them a highly sought-after choice. The prevailing market rents for these units reach approximately $4,000 per month, which translates to an impressive cap rate of 5.1%! This is truly a unique opportunity to acquire a non-rent controlled, newer constructed fourplex, perfect for an owner-occupant to live in one unit while the other three units help cover the mortgage. Positioned between the ultra-trendy Studio City neighborhood and NoHo Arts District, this exquisite fourplex offers convenient access to an abundance of shops, restaurants, and local hotspots in both vibrant neighborhoods. Don't miss the chance to seize this exceptional investment opportunity that combines a rarely available modern construction and prime location in a highly coveted rental submarket offering long term value for savvy investors and a remarkable rate of return.
Location
State CA
County Los Angeles
Area Tul - Toluca Lake
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator
Exterior
Parking Features Assigned, Gated
Total Parking Spaces 8
Building
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 2421017014
Special Listing Condition Standard
Listed by Jessica Robertson • Exp Commercial of California, Inc.