10706 Camarillo St - Apartments FOR SALE


Toluca Lake, CA 91602
$2,888,000 USD
213-249-5760
10706 Camarillo St, Toluca Lake, CA for Sale
$2,888,000 USD
Apartments - FOR SALE
1/35
null | 5.1% Cap Rate

10706 Camarillo St
Toluca Lake, CA 91602


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,888,000 USD

PRICE/SF

$489 USD /SF

# OF UNITS

4

PRICE/UNIT

$722,000

CAP RATE

5.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

LAR3

APN/PARCEL ID

2421-017-014

ASK ABOUT THIS PROPERTY

Jessica RobertsonKeller Williams RealtyMore Info
213-249-5760

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Jessica RobertsonKeller Williams RealtyMore Info
213-249-5760

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.