10763-65 Kling Street, five maintained units in the family-friendly Toluca Lake submarket. Situated just West of Lankershim Blvd, the subject property is located minutes from the heart of the North Hollywood Arts District. This perfect owner-user investment property is comprised of (1) 2-bdrm. and 2-bath single-family residence and (4) 1-bdrm. units in a two-story back building. Please note, the SFR and (1) 1-bdrm. unit will be delivered VACANT upon COE. 10763 Kling presents the perfect value-add opportunity as current rents are approx. 29% below market compared to renovated units in the area. Property amenities include on-site laundry (for the front house), communal back yard, five parking spaces and each unit is separately metered for gas and electricity.
Value-Add Owner-User in Prime Toluca Lake
10763-65 Kling Street, Toluca Lake
Property Details
Price $1,550,000
Year Built 1931
# of Units 5
Price P/ Unit $310,000
Sq. ft. 3,588 SF
Price p/ Sq. ft. $432
Current Cap Rate 15.95%
Proforma Cap Rate 3.87%
Lot Size 7,773 SF
Zoning LAR3
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About the Property
