10742 Sarah St, a charming triplex in the highly desirable neighborhood of Toluca Lake! Situated in a peaceful residential area minutes from the trendy NoHo Arts District, these units have historically attracted A+++ tenants at peak rents within days on the rental market.
10742 Sarah boasts a phenomenal cap rate of 4.31% and will be delivered with one unit vacant! Additionally, with a pro forma cap rate of 5.35%, this gorgeous triplex has strong upside.
Currently owned by a retired contractor, the owner has put substantial time, money and effort into pridefully maintaining this gorgeous triplex. The property boasts: new copper plumbing all the way to the street installed in 2012/2013, a new roof as of 5 years ago, an expansive downstairs “owner’s unit” that has an ornate coffered ceiling, a private covered patio, and countless closets and storage spaces, and a newly renovated upstairs unit that tastefully incorporates the 1950’s retro style. All units come with their own full, private laundry rooms and 2-car tandem parking (6 total). The property also features 1 single car garage and 1 half garage in the rear, which the ownership uses for their own personal storage. If rented out, this could bring in additional income and boost the property’s return!
Based on information from California Regional Multiple Listing Service, Inc. as of March 6th, 2019 at 5:36pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.