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Key Details
Sold Price $1,305,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB23171108
Sold Date 10/13/23
Bedrooms 3
Full Baths 3
Construction Status Turnkey
HOA Y/N No
Year Built 1904
Lot Size 5,048 Sqft
Lot Dimensions Assessor
Property Description
If you are looking for the smartest, most economical way to own a home in Toluca Lake, this property is the way to go! 10806-10808 Sarah St is made up of a charming front building containing 2 units (ideal for owner occupying), plus a brand new construction freestanding ADU that is rented for an outstanding $3,200! Live in the front unit (or units) while collecting rent from the back tenants to cover a huge chunk of your mortgage! Or rent out the whole thing for the best return you'll find in Toluca Lake.
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
State CA
County Los Angeles
Area Tul - Toluca Lake
Zoning LARD1.5
Rooms
Main Level Bedrooms 3
Ensuite Laundry Washer Hookup, Electric Dryer Hookup, Inside
Interior
Interior Features All Bedrooms Down
Laundry Location Washer Hookup,Electric Dryer Hookup,Inside
Cooling See Remarks
Flooring Vinyl
Fireplaces Type None
Fireplace No
Appliance Electric Oven, Gas Range, Refrigerator
Laundry Washer Hookup, Electric Dryer Hookup, Inside
Exterior
Garage Driveway, Garage
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Sidewalks
Utilities Available Electricity Available, Natural Gas Not Available, Sewer Available, Sewer Connected, Water Available, Water Connected
View Y/N Yes
View Neighborhood
Porch Front Porch
Parking Type Driveway, Garage
Attached Garage No
Total Parking Spaces 1
Private Pool No
Building
Lot Description Back Yard, Landscaped
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style See Remarks
Level or Stories One
New Construction No
Construction Status Turnkey
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 2421031001
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Standard
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Bought with Pablo Pomes • Provenio Realty and Investment