10428 Riverside Drive

Toluca Lake, CA 91602

$2,200,000
Last Sold Price
7
Beds
7
Baths
4,562 Sq. Ft.
$482 / Sq. Ft.
4,562
Sq. Ft.
$482
per Sq. Ft.

Description

Excellent opportunity to own this 5 unit rental property in prime Toluca Lake location. Well maintained and updated throughout by current owner. There are two 2bed/2bath units and three 1bed/1ba units. Three units have laundry inside, while 2 units use an onsite laundry room. Side and front patios for most units. Parking available with garages for 3 units and carport for one. Freeway close, minutes to Burbank Studios, Universal, Toluca Lake Village, NoHo Arts District, Studio City, and so much more.Excellent opportunity to own this 5 unit rental property in prime Toluca Lake location. Well maintained and updated throughout by current owner. There are two 2bed/2bath units and three 1bed/1ba units. Three units have laundry inside, while 2 units use an onsite laundry room. Side and front patios for most units. Parking available with garages for 3 units and carport for one. Freeway close, minutes to Burbank Studios, Universal, Toluca Lake Village, NoHo Arts District, Studio City, and so much more.

Listing Agents

  1. Eugene Ridenour

    Eugene Ridenour

    Listing Agent

    Compass

    DRE #01352359

  2. Kurt Wisner

    Kurt Wisner

    Alternative Listing Agent

    Compass

    DRE #01431217

    kurt@compass.com

    P: 323.667.0700

Property Details for 10428 Riverside Drive

Zoning
LAR3
Parcel Number
2424003010
Total Units
5.0
Living Area
4562
Source Living Area
Vendor Enhanced
Area
Toluca Lake (TUL)
Vacancy Rate
0
Lot Size Area
5516

Location

Listing Courtesy of Compass, Eugene Ridenour, DRE #01352359; Compass, Kurt Wisner, DRE #01431217

Sold By Pinnacle Estate Properties, Judy Rogers, DRE #01858187

Add your commute
LISTING UPDATED: 03/26/2020 11:16 AM

Property Details for 10428 Riverside Drive

StatusSold
MLS #20-552122
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.13 AC / 5,516 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Eugene Ridenour, DRE #01352359; Compass, Kurt Wisner, DRE #01431217

Sold By Pinnacle Estate Properties, Judy Rogers, DRE #01858187

Add your commute

Building Information for 10428 Riverside Drive

Stories2Residences-Year Built1948Building Size-Lot Size0.13 AC / 5,516 SF

Payment Calculator

$14,430 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,006

Property Taxes

$2,424

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 10428 Riverside Drive

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 2+2, 1+1
  • Property Condition: Updated/Remodeled
  • Sewer: In Connected and Paid
  • Water Heater Features: Gas, Multi-Tank
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $144,662
  • Net Operating Income: $94,691.42
  • Gross Income: $149,136
  • Cap Rate: 4.26%
  • Gross Rent Multiplier: $14.90
  • Total Annual Expense: 49970.50
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 5516
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Carport Attached, Covered Parking, Garage
  • Total Parking: 4
  • Parking Features: Attached Carport, Covered, Garage
  • Attached Garage: Yes
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central
  • Heating: Central, Forced Air
  • Heating Type: Central, Forced Air
  • Equipment: Ceiling Fan, Range/Oven
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-07-2020
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,950.00
  • Unit Actual Rent: $2,950.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,340.00
  • Unit Actual Rent: $2,340.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,860.00
  • Unit Actual Rent: $2,860.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,028.00
  • Unit Actual Rent: $2,028.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,250.00
  • Unit Actual Rent: $2,250.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $383,008.00
  • Assessed Land Value: $324,582.00

Property History for 10428 Riverside Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 10428 Riverside Drive

Taxable ValueLand$735,824Additions$1,576,767Total$2,312,591
Tax Record2023$29,090 ($2,424 / month)
Home Facts
Total Finished SqFt4,562 SqFtAbove Grade Finished SqFt4,562 SqFtLot Size5,516 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningLAR3CountyLOS ANGELESAPN2424-003-010

Schools near 10428 Riverside Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 11
Rating
School
Distance
Toluca Lake Elementary School
PublicK to 5

Walter Reed Middle School
Public6 to 8

East Valley Senior High School
Public9 to 12

Science Academy STEM Magnet
Public6 to 11

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Eugene Ridenour, DRE #01352359; Compass, Kurt Wisner, DRE #01431217

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.