Los Angeles, Residential Income – 10311 Riverside Dr, Toluca Lake, CA 91602, USA -001-11-30T00:00:00-08:00
Toluca Plaza is a 39-unit apartment community in a prime Toluca Lake location. With tremendous frontage and visibility on Riverside Drive, the property is nicely situated east of Cahuenga Boulevard and west of Clybourn Avenue and rests on two corners. Built
10311 Riverside Dr, Toluca Lake, CA 91602, USA
$13,500,000 USD
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Address10311 Riverside Drive, Toluca Lake
Price$13,500,000
Year Built1971
Bedrooms Total0
Living Area42,309
Lot Size (Sq.Ft.)33,640
Listing ID17219612
StatusActive
Parcel Number2424007013
ZoningLAR3
Special ConditionsStandard
Days on Market77

Detailed Description: Toluca Plaza is a 39-unit apartment community in a prime Toluca Lake location. With tremendous frontage and visibility on Riverside Drive, the property is nicely situated east of Cahuenga Boulevard and west of Clybourn Avenue and rests on two corners. Built in 1971, the property is subject to rent control. There is an attractive unit mix of 15 one -bedroom / one-bath units, 12 one-bedroom / one-bath plus Den units, six, two-bedroom / two-bath units and six, two-bedroom / one-and-a-half bath units. Located in one of the most desirable pockets in the San Fernando Valley, Toluca Plaza easily attracts residents with its convenient and central location. It’s walking distance to plenty of shopping, dining and entertainment on Riverside Drive. Some notable Los Angeles destinations are close by such as Universal Studios, Warner Brothers Studios, Universal City Walk, Hollywood Bowl, Griffith Park and the Los Angeles Zoo.

Cooling
Association
Laundry
Parking
Pool Private

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Address Information
Address10311 Riverside Drive, Toluca Lake
Street SuffixDrive
CityToluca Lake
Location (MLS Area)TUL – Toluca Lake
County Or ParishLos Angeles
State or ProvinceCalifornia
Postal Code91602
Financial Information
Price per Square Foot$319.08
Price per Lot Square Foot$401.31
Special ConditionsStandard
Total Expenses$324,438
Gross Operating Income$735,329
Net Operating Income$410,890
Gross Multiplier17.98%
Improvements Amount$1,630,536
Land Value$318,774
Tax Year2000
Full Descriptions
Parcel Number2424007013
Detailed DescriptionToluca Plaza is a 39-unit apartment community in a prime Toluca Lake location. With tremendous frontage and visibility on Riverside Drive, the property is nicely situated east of Cahuenga Boulevard and west of Clybourn Avenue and rests on two corners. Built in 1971, the property is subject to rent control. There is an attractive unit mix of 15 one -bedroom / one-bath units, 12 one-bedroom / one-bath plus Den units, six, two-bedroom / two-bath units and six, two-bedroom / one-and-a-half bath units. Located in one of the most desirable pockets in the San Fernando Valley, Toluca Plaza easily attracts residents with its convenient and central location. It’s walking distance to plenty of shopping, dining and entertainment on Riverside Drive. Some notable Los Angeles destinations are close by such as Universal Studios, Warner Brothers Studios, Universal City Walk, Hollywood Bowl, Griffith Park and the Los Angeles Zoo.
Laundry FeaturesCommunity
Cooling DescriptionCentral
Parking FeaturesCarport
Pool FeaturesAbove Ground
Property parameters
Year Built1971
Living Area (Sq.Ft.)42,309
Lot Size (Sq.Ft.)33,640
Lot Size SourceAssessor
Number of Buildings1
Number of Units Total39
ZoningLAR3
Units Total39
Cap Rate (For Cash Payment Only)3.04
Listed withBrett Sanson (Marcus & Millichap)