Investment Overview

This property presents a rare opportunity in the highly sought-after Toluca Lake neighborhood. Located at 10611 Landale St, the 5-unit multifamily building offers a blend of unit types spread across two structures, totaling 4,114 square feet on a spacious 9,922 square foot lot. The front building includes three 1-bed/1-bath units, each approximately 700 square feet. The back building features a fully renovated 1,250 square foot 2-bed/1-bath unit with a den and living room, plus a 350 square foot studio apartment on the ground floor, also fully updated. The property includes five one-car garages, which present an ideal candidate for ADU conversions, providing additional potential for value enhancement. With about 21% rental upside, this property offers a prime value-add opportunity for investors. The potential for ADU conversions in the garages can further boost both the property’s unit count and future income. This is the first time in 25 years that this property has been offered for sale, underscoring how infrequently investment opportunities like this one come up in such a prime location. The building benefits from completed earthquake retrofitting and modern upgrades in key units, making it an appealing option for both investors and tenants alike. Situated in the highly walkable Greater Toluca Lake neighborhood with an impressive 83 Walk Score®, the property is just steps away from popular parks like South Weddington Park and Woodbridge Park. Tenants will appreciate the convenience of nearby amenities and access to Riverside Drive and Cahuenga Boulevard. This prime location, combined with rental upside and ADU potential, makes 10611 Landale St a rare investment opportunity in one of Los Angeles' most desirable neighborhoods.