West Toluca
Lake Triplex
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! Also minutes from the trendy NoHo Arts District! The ADU is leased at a whopping $3,200 and we project a 5.48% cap rate once fully rented. This charming triplex, nestled between upscale Toluca Lake and the trendy NoHo Arts District, is ideal for owner occupiers & investors! Also potential for an additional ADU!
List Price:
Cap Rate:
GRM:
Bldg. Size:
Unit Mix:
Highlights:
$1,315,000
5.48%
13.87
1,672 sqft
2x 1b/1b
1x 1b/1b freestanding ADU
1 unit leased at $3,200
Tenants pay all utilities
Garage + huge driveway
A+ West Toluca Lake location
Walk to Noho Arts District
Brand new construction ADU
Fully remodeled duplex
Stainless steel appliances
High ceilings
Solar on ADU
New electrical panel
Minimal expenses
Potential for another 1 bed ADU
Potential for some seller financing
Click to View Photos
 |
|---|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
The Neighborhood
<5-Minute Walk
Tiki No, Healthyca, Lotus Vegan, Ha Ha Comedy Club, Little Tonis Restaurant, CVS, Starbucks, Idle Hour, The Habit Burger Grill, Pickens Kickin' Chicken, Vintage Goods, Bnb Fitness, WaBa Grill, Hy Mart, Wanserene Organic Spa & Massage, The Comedy Chateau, The Coffee Bean & Tea Leaf, Cascabel
<5-Minute Drive
Trader Joe's, Verse, Kreation, Prosecco Trattoria, Chipotle, Alfred Coffee, The Wesley School, Valley Village Park, Amazon Fresh, Noho Arts District, Sweetsalt, Aeirloom Bakery, & Waffles, Bob's Big Boy, Mendocino Farms, Hank's Bagels, Veggie Grill, Marshall Theatre, sweetgreen, Lemonade
<$10 Uber Ride
Hollywood Bowl, Erewhon, Joan's on Third, GRANVILLE, Universal Studios Hollywood, Universal CityWalk Hollywood, Lakeside Golf Club, Pinz Bowling Kitchen + Bar, Warner Bros Studios, The Burbank Studios, North Hollywood High School, Providence High School, NoHo Arts District
Submit your offers now!
-
Projected 5.48% cap rate!
-
ADU rented for $2,950 + $250 a month for parking! Outstanding rent.
-
Unbeatable West Toluca Lake location just moments to an unlimited supply of restaurants, shops, businesses and more!
-
All units separately metered for electric AND water! No gas on site (all electric).Microscopic expenses!
-
Lowest price per door of any new construction/renovation in Toluca Lake or NoHo!
-
ADU comes with brand new solar.
-
Being delivered with stainless steel appliances in the front duplex (owner adding shortly).
-
Potential to add an additional ADU (estimated rent of $2,500) for ARV of $1,715,000. Projected $315,000 in profit. (Buyer to do due diligence.)
-
Sleek, modern units with vaulted 10ft ceilings, subway tile and washer/dryer hook ups in each unit!
-
New electrical panel
-
Delivered with two vacant units! Perfect for an owner occupier or investor!
-
Dream 1031 exchange opportunity. Ready to close ASAP!
-
Potential for another ADU (garage conversion)
-
Features garage + driveway parking