10763-65 Kling Street is 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. 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.
8-Unit Sale in Los Feliz for $450K per Unit
10763-65 Kling Street, Toluca Lake
Price Paid: $1,505,000
About The Property
City Toluca Lake
Current CAP 4.50%
Price p/ Sq. ft. $419
Price P/ Unit $301,000
Located 1 mile from the heart of the NoHo Arts District, 10763 Kling is the perfect owner-user featuring a vacant 2-bdrm. & 2-bath SFR and (4) 1-bdrm. units. After receiving a referral from a financial advisor, the Seller informed KST she was ready to cash out.
Two days after listing the property on the MLS, Max identified a well-qualified buyer. Escrow opened in late January and closed 60 days later at $1,505,000. The Seller was thrilled with the speed of the process, cashing out 90 days after signing the listing agreement.
Speaking for myself and everyone involved, you were absolutely the best broker we could have selected to market our portfolio. You found an incredible buyer and were able to guide us through so many challenges, including a global pandemic, and secured us a price beyond our expectations.
“I cannot say enough great things about KST. They take care of you, they have the connections needed, and they get the job done! We were amazed at how quickly our sale went through during the COVID pandemic.”
“It was truly a pleasure working with Kenny. He is professional, honest, hardworking and most importantly did what he said he would. Kenny sold the property at list price in less than 60 days from start to finish.”