NOT LISTED FOR SALE
57 Beds
51 Baths
42,309 Sq Ft
0.77 Acre Lot

Sale Details

Date Sold: July 11, 2017

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

19 Days on Market

Highlights

  • In Ground Pool
  • Gated Parking
  • Meeting Room
  • Toluca Lake Elementary School Rated A-
  • 33,640 Sq Ft lot
  • 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

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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
  • 33,640 Sq Ft 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

0.77 Acres

Listing Details

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

Interior Features

  • Bedrooms: 57
  • Laundry: Community
  • Total Bathrooms: 51.00
  • 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%
  • Type Of Units: Flat

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$11,900,000 North American Title
Frantz Hazel Jane Marguerite -- Ticor Title San Diego Branch
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $7,500,000
Previous Owner Toluca Plaza Llc $6,030,000
Previous Owner Frantz Hazel Jane Marguerite $2,650,000
Previous Owner Frantz Hazel Jane Marguerite $2,500,000
Previous Owner Frantz Hazel Jane Marguerite $2,250,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $171,667 $14,087,186 $5,918,985 $8,168,201
2025 $171,667 $13,810,968 $5,802,927 $8,008,041
2024 $169,482 $13,540,166 $5,689,145 $7,851,021
2023 $166,199 $13,274,674 $5,577,594 $7,697,080
2022 $158,498 $13,014,387 $5,468,230 $7,546,157
2021 $156,374 $12,759,204 $5,361,010 $7,398,194
2019 $150,864 $12,387,810 $5,202,000 $7,185,810
2018 $150,119 $12,145,050 $5,100,000 $7,045,050
2016 $27,449 $1,949,310 $318,774 $1,630,536
2015 $27,104 $1,920,030 $313,986 $1,606,044
2014 $27,450 $1,882,420 $307,836 $1,574,584
Source: Public Records

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Map

Source: The MLS

MLS Number: 17-219612

The MLS
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