NOT LISTED FOR SALE

10311 Riverside Dr Toluca Lake, CA 91602

57 Beds
51 Baths
42,309 Sq Ft
0.77 Acres

Last Sold July 11, 2017

Last sale price $11,900,000 $281 Per Sq Ft

19 Days on Market

Highlights

  • In Ground Pool
  • Meeting Room
  • Laundry Facilities
  • Gated Parking
  • Central Heating and Cooling System

About This Home

As of July 2017

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.

Last Agent to Sell the Property

Brett Sanson

Marcus & Millichap License #01387480 Listed on: 04/09/2017

Co-Listed By

Jeff Louks

Marcus & Millichap License #00908473

Last Buyer's Agent

Brett Sanson

Marcus & Millichap License #01387480 Listed on: 04/09/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 0.77

Home Design

  • 42,309 Sq Ft Home

Bedrooms and Bathrooms

  • 57 Bedrooms
  • 51 Bathrooms

Parking

  • 66 Parking Spaces
  • Carport
  • Gated Parking

Pool

  • In Ground Pool
  • Above Ground Pool

Additional Features

  • Oven or Range
  • 0.77 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2424-007-013

Community Details

Amenities

  • Meeting Room
  • Laundry Facilities

Additional Features

  • 39 Units
  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Complex Name: Toluca Plaza
  • Living Area: 42309
  • Year Built: 1971
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 57
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community
  • Total Bathrooms: 51.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 319.08

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Above Ground
  • Pool: Yes
  • View: No

Garage/Parking

  • Parking Garage: Carport, Gated
  • Total Parking: 66

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Amenities: Meeting Room

Lot Info

  • Assessed Improvement Value: 1630536
  • Assessed Land Value: 318774
  • Assessor Parcel Number: 2424-007-013
  • Geocode Override: No
  • Lot Size Area: 33640

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.98
  • Number Of Units: 39
  • Rent Control: 100%
  • Total Annual Expense: 324438
  • Type Of Units: Flat
  • Vacancy Rate: 3%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2017 07/11/17 Sold $11,900,000 -11.9% $281 / Sq Ft
04/28/2017 04/28/17 Pending -- -- --
04/09/2017 04/09/17 For Sale $13,500,000 -- $319 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brett Sanson

    Seller's Agent in 2017

    Brett Sanson

    Marcus & Millichap

    (818) 212-2700

    24 Total Sales

    Brett Sanson
    Section Image
  • Jeff Louks

    Seller Co-Listing Agent in 2017

    Jeff Louks

    Marcus & Millichap

    (818) 212-2700

    66 Total Sales

    Jeff Louks
    Section Image
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Map

Source: The MLS

MLS Number: 17-219612

The MLS
California Los Angeles County Toluca Lake 91602

10311 Riverside Dr, Toluca Lake, CA

This home is located at 10311 Riverside Dr, Toluca Lake, CA 91602 since 09 April 2017. This property was built in 1971. 10311 Riverside Dr is a home located in Los Angeles County with nearby schools including Toluca Lake Elementary School, Walter Reed Middle, and East Valley Senior High School.

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