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10861 Moorpark Street 116, Toluca Lake, California 91602, Toluca Lake, 91602 - 2 bed, 2 bath

10861 Moorpark Street 116, Toluca Lake, California 91602 home-pic-0
ACTIVE$625,000
10861 Moorpark Street 116, Toluca Lake, California 91602
2Beds
2Baths
1,024Sqft
43,522Lot
Year Built
1981
Close
-
List price
$625K
Original List price
$649K
Price/Sqft
$610
HOA
$545
Days on market
-
Sold On
-
MLS number
25509873
Home ConditionExcellent
Features
Deck
Pool
Spa
Patio
View

About this home

We found 3 Cons,5 Pros. Rank: price - $625.0K(28th), sqft - 1024(19th), beds - 2(50th), baths - 2(50th).

A Fantastic location by all the shops and restaurants of Toluca Lake and nearby Universal. Enjoy a vibrant community with plush amenities featuring a pool, sauna, and hot tub. Sun deck and entertaining spaces. This refreshed unit enjoys two ensuite living situations, an inviting fireplace, a private patio, and sliders to enjoy the outside in. Newly freshly painted walls, brand new floors, new appliances, and new bathrooms with new vanity, toilets, sinks, and tile to enhance the ease of living. Large closets with organizers. In unit new washer and dryer. Plus 2 side-by-side parking spaces with EV Charger. Additional ample additional storage space. This building has a boutique feel and is well-maintained.

Condition Rating
Excellent
Despite being built in 1981, this unit has undergone a very recent and extensive renovation. The listing explicitly states 'newly freshly painted walls, brand new floors, new appliances, and new bathrooms with new vanity, toilets, sinks, and tile.' The images confirm a modern, updated aesthetic throughout, particularly in the kitchen with new stainless steel appliances, white cabinets, and granite countertops, and in the bathrooms with new vanities, fixtures, and contemporary tiling. This meets the criteria for an 'Excellent' score, indicating the unit is virtually new internally with no deferred maintenance.
Pros & Cons

Pros

Prime Location: Unbeatable location in Toluca Lake, offering immediate access to shops, restaurants, and proximity to Universal Studios, enhancing lifestyle and potential rental appeal.
Extensive Community Amenities: Features a vibrant community with a pool, sauna, hot tub, sun deck, and entertaining spaces, providing a resort-like living experience.
Turnkey Condition with Modern Upgrades: Recently refreshed with new paint, brand new floors, new appliances, and updated bathrooms, offering a move-in ready experience.
Thoughtful In-Unit Features: Includes two ensuite living situations, an inviting fireplace, a private patio, large closets with organizers, and an in-unit washer and dryer, maximizing comfort and convenience.
Premium Parking & Storage: Comes with two side-by-side parking spaces equipped with an EV charger, plus additional ample storage space, a significant advantage in urban living.

Cons

High Monthly Association Fees: The $545.00 monthly association fee is a substantial ongoing cost that buyers must factor into their budget.
Building Age: Constructed in 1981, the building is over 40 years old. While well-maintained, older infrastructure can sometimes lead to unexpected assessments or higher maintenance costs for common areas in the long term.
Recent Price Reduction: The property has seen a price reduction from its original list price, which could indicate initial overpricing or suggest a slower market response, potentially impacting perceived value.

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