Homes for sale - 10611 Landale St, North Hollywood, CA 91602

North Hollywood, CA 91602,10611 Landale St

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Gregory Masi

gregory@gregorymasi.com +1(310) 488-4880

$ 1,495,000

Est. payment | -/mo

5 Beds

5 Baths

4,114 SqFt

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$ 1,495,000

Est. payment | -/mo

Save

5 Beds

5 Baths

4,114 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 4,114 sqft

Price per Sqft $363

MLS Listing ID 24-447451

Bedrooms 5

Year Built 1951

Lot Size 9,922 Sqft

Acres 0.2278

Property Description

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.

Location

State CA

County Los Angeles

Area Toluca Lake

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Garage Other

Building

Level or Stories One

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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Gregory Masi

REALTOR® | Lic# 1708321

gregory@gregorymasi.com

+1(310) 488-4880

11601 Wilshire Blvd., Suite 101 Los Angeles, CA

10611 Landale St North Hollywood, CA 91602

Gregory Masi

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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10611 Landale St