10856 Camarillo Street, Toluca Lake, California 91602, Toluca Lake, 91602 - bed, bath
ACTIVE$1,250,000$2,480/sqft
10856 Camarillo Street, Toluca Lake, California 91602
0Bed
0Bath
2,480Sqft
7,307Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Theodore Roosevelt Elementary School (9/10).
Top Cons:
Property Age & Potential for Deferred Maintenance: Built in 1953, the property may require significant capital expenditures for system updates (e.g., plumbing, electrical, HVAC) or general renovations to meet modern standards.
Compared to the nearby listings
Price:$1.25M vs avg $1.48M ($-225,000)50%
Size:2,480 sqft vs avg 3,442 sqft50%
Price/sqft:$504 vs avg $44550%
More Insights
Built in 1953 (73 years old).
Condition: Built in 1953, this quadruplex shows significant age. The kitchens feature extremely dated yellow tiled countertops and older appliances, while the bathrooms have very old green wall tiles and basic vanities, indicating renovations (if any) were likely 30-50+ years ago. The presence of window AC units and wall heaters suggests a lack of central HVAC. While hardwood floors are present, the property requires substantial rehabilitation and modernization to meet current living standards and appeal.
Year Built
1953
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$504
HOA
-
Days on market
-
Sold On
-
MLS number
SR26010949
Home ConditionPoor
Features
View-
About this home
4 Units with long term tenants in Toluca Lake/North Hollywood* 2 - 2 bedrooms/1 Bath and 2 Studios. Property has a front yard and rear yard. Assessor says sqft. is 2480 and Lot Size 7305. Property has 4 single car garages for additional income*Hardwood Floors throughout the units. Great opportunity for owner occupied.
L
Lorilee King
Listing Agent
Nearby schools
7/10
Toluca Lake Elementary School
Public,•K-5•0.4mi
7/10
Rio Vista Elementary School
Public,•K-5•0.7mi
9/10
Theodore Roosevelt Elementary School
Public,•K-5•1.4mi
8/10
R. L. Stevenson Elementary School
Public,•K-5•1.7mi
8/10
Valley View Elementary School
Public,•K-6•2.6mi
6/10
Walter Reed Middle School
Public,•6-8•1.1mi
5/10
David Starr Jordan Middle School
Public,•6-8•3.0mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•5.1mi
6/10
Arroyo Seco Museum Science
Public,•K-8•10.2mi
3/10
East Valley Senior High School
Public,•9-12•0.9mi
8/10
North Hollywood Senior High School
Public,•9-12•1.3mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•1.7mi
7/10
Burroughs High School
Public,•9-12•2.5mi
6/10
Hollywood Senior High School
Public,•9-12•4.4mi
Condition Rating
Poor
Built in 1953, this quadruplex shows significant age. The kitchens feature extremely dated yellow tiled countertops and older appliances, while the bathrooms have very old green wall tiles and basic vanities, indicating renovations (if any) were likely 30-50+ years ago. The presence of window AC units and wall heaters suggests a lack of central HVAC. While hardwood floors are present, the property requires substantial rehabilitation and modernization to meet current living standards and appeal.
Pros & Cons
Pros
Great Schools: Elementary School: Theodore Roosevelt Elementary School (9/10).
Strong Income Potential & Stability: As a quadruplex with existing long-term tenants, the property offers immediate and stable rental income, making it an attractive investment.
Prime Location: Situated in the highly desirable Toluca Lake/North Hollywood area, the property benefits from strong rental demand and appreciation potential.
Diverse Unit Configuration: The mix of two 2-bedroom/1-bath units and two studios caters to a broader tenant base, enhancing occupancy rates and income stability.
Additional Revenue Stream: Four single-car garages provide a clear opportunity for supplementary rental income, boosting the property's overall profitability.
Owner-Occupant Opportunity: The property is ideal for a buyer looking to live in one unit while generating income from the other three, offering a unique blend of homeownership and investment.
Cons
Property Age & Potential for Deferred Maintenance: Built in 1953, the property may require significant capital expenditures for system updates (e.g., plumbing, electrical, HVAC) or general renovations to meet modern standards.
Potential for Below-Market Rents: The presence of 'long term tenants' often suggests that current rents may not be optimized to market rates, potentially limiting immediate income upside without tenant turnover or lease renegotiations.
Limited Information on Recent Upgrades: While hardwood floors are mentioned, the description lacks details on recent major renovations to key areas like kitchens or bathrooms, which could indicate a need for significant investment to modernize units.