10912 Landale Street , North Hollywood, CA - 91602 is For Sale

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$2,095,000· Income property

Description

Prime Short-Term Rental Income Generator! Nestled in the heart of Toluca Lake, this property is a goldmine for short-term rentals. Featuring two modern units in the back, fully permitted for short-term rentals, this setup is tailor-made for maximizing income. Whether you're an investor or an owner looking to live on-site while cashing in on high rental demand, this opportunity is not to be missed.The front unit is a charming, remodeled 2-bed, 2-bath Spanish-style home with private outdoor living spaces, a cozy fire pit, and a serene Moorish water feature. The mature, drought-tolerant landscaping adds to the low-maintenance appeal while creating a lush, tranquil atmosphere for guests. Step to the back and discover the sleek duplex, built in 2018, featuring two stunning 2-bed, 2-bath units with high-end stainless steel appliances and stylish subway tile showers. Each unit is designed with renters in mind, offering private patios, in-unit laundry, and modern finishes throughout. The upstairs unit even has two balconiesperfect for soaking up that sunny LA weather! The duplex is not subject to RSO buyer to verify providing even more flexibility for rental terms.Each unit is independently metered for utilities, ensuring convenience for both tenants and owners. Outdoor spaces are enhanced with vibrant wall murals, lush landscaping, and elegant water features, making these units highly desirable for short-term guests. Situated near LA's major studios (Disney, Universal, Warner Bros.) and iconic attractions like the Hollywood Bowl, this property offers unbeatable convenience for tourists and professionals alike. Easy access to major freeways and Metro stations makes commuting a breeze. This high-demand, income-generating property is a rare find in one of LA's hottest rental markets. Act fast-- your short-term rental empire awaits!

Features

MLS#: 24442477
List Price : $2,095,000
Total Units : 3
Gross Operating Income : $165,943
Net Operating Income : $141,343
Sq M : 649 M2
Year Built : 1924
Days on market : 50 Days
Gross taxes : N/A
Address : 10912 Landale Street
City : North Hollywood
State : CA
Zip Code : 91602
Neighborhood : N/A
Appliances : Dishwasher, Disposal, Microwave, Oven, Range Hood
Fireplace Features : Living Room, Fire Pit
Foundation : Slab
Stories : 1
Laundry : Stackable, In Closet, In Kitchen, Inside
Parking Features : Driveway, RV Access/Parking, Gated, None, RV Gated, Concrete
Sale Type : Standard
Spa : None
View : None
 
Property Type : Residential Income
Property Style : Spanish
Original List Price : $2,095,000
Acres : 0.1604
Lot Dimensions : 50x139
Lot Size (Acres) : 0.1604
Exterior Features : Rain Gutters
Heating : Central, Fireplace(s), Natural Gas, Forced Air
Parking Features : Driveway, RV Access/Parking, Gated, None, RV Gated, Concrete
Pool Desc : None
Security Safety : Gated Community
Interior Features : Ceiling Fan(s), Living Room Balcony, Open Floorplan, Recessed Lighting
Cooling : Central Air
Roofing : Composition, Other, Shingle, Tile
Rooms : Living Room
Driving Directions : Ca-134 W follow signs to Ventura, Take Exit 1C for Lankershim Blvd. N Hollywood, Continue onto Lankershim Blvd., Turn Right onto Landale St
Lot Features : Rectangular Lot
 
Courtesy of : Keri White , Element RE, Inc

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