10650 Camarillo St, North Hollywood, California, United States

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Home For Sale

$1,225,000

10650 Camarillo St
North Hollywood, California, United States

4bd 3ba

Listed By: Realtyww Info

Listed On: 06/11/2023

Listing ID: GL10146349 View More Details

Description

We are proud to present 10650 Camarillo St, a primely located duplex in Toluca Lake, CA. This property is being offered for sale for the first time in 23 years.Originally constructed in 1951 and extensively renovated in the early 2000s, this 1, 910 rentable square foot building sits on a 0.11 acre lot on the southern side of Camarillo Street, within the boundaries of Toluca Lake. Situated behind the property is an alley where you'll find a double-garage and a single-car garage, offering a total of three parking spaces for the tenants' convenience. Both units have 2 bedrooms and offer comfortable living spaces. The front house is a larger 2 bed / 2 bath unit, and it has been recently renovated with attractive features, including hardwood floors, central air-conditioning/heat, and clean quartz kitchen counters. Inside, you'll find spacious units comprising a living room, dining area, and a kitchen equipped with a gas stove, oven, and microwave. The convenience of an in-unit laundry room with a stacked washer and dryer provided adds to the practicality of the front unit. With its private and cottage-like ambiance, this home provides a comforting environment for those who appreciate the concept of Safer at Home. This property is ideal for an owner-user with the rear unit being delivered vacant. It's also perfect for a value add investor who wants to modernize the units and achieve an estimated 21% increase in current rental income. Furthermore, the buyer could consider converting the garages in the back alley to Accessory Dwelling Units (ADUs), adding significant value to the overall property.Nestled in the heart of the San Fernando Valley, Toluca Lake, is a picturesque and highly sought-after neighborhood. Known for its tranquil charm and close-knit community, Toluca Lake offers a delightful blend of residential serenity and convenient access to nearby amenities. The area is home to stunning tree-lined streets, beautifully manicured gardens, and an inviting atmosphere that captures the essence of Southern California living. Toluca Lake also boasts an array of upscale boutiques, trendy restaurants, and entertainment options, providing residents with a vibrant and fulfilling lifestyle. With its prime location and timeless appeal, Toluca Lake continues to captivate those seeking a perfect balance between suburban tranquility and urban convenience.

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Listed by: Marcus Millichap