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10216 Riverside Dr, Toluca Lake, CA 91602
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10216 Riverside Dr Toluca Lake, CA 91602

$3,795,000
  • 0 Beds
  • 4 Baths
  • 4,764 Sq.Ft.
For Sale
$3,795,000 Get Pre-Qualified
Map preview of 10216 Riverside Dr, Toluca Lake, CA 91602

Property Overview: 10216 Riverside Dr Toluca Lake, CA has -- bedrooms, 4 bathrooms, 4,764 living square feet and 8,252 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Mixed Use commercial investment, prime Toluca Lake location. Four units (one vacant), 4,764 square feet of high visibility storefront retail/office property for sale on popular high traffic main corridor. Dream opportunity set in vibrant hub. Beautifully well-maintained businesses with convenient street parking plus on-site parking for 11 cars accessed via a rear alley. Upscale building signage enhances visibility along Riverside Drive. Strategically located to nearby major retailors, dining and recreation. Highly accessible to the 134, 101 and 170 freeways, close to major studios, public transit and airports. Boasts high walkable and bikeable scores.

Listed by Craig Strong | BRE #01450987 | Compass
Co-listed by Kristin Neithercut | BRE #02003278 | Compass
Last checked: 5 minutes ago | Last updated: September 5th, 2024 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
8,252
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24431957
City
Toluca Lake
County
Los Angeles
Time on Site
21 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,600
  • Total Rent: $3,600
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,527
  • Total Rent: $3,527
  • Pro Forma/Market Rent: $3,527
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,300
  • Total Rent: $3,300
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $6,246
  • Total Rent: $6,246
  • Pro Forma/Market Rent: $6,246
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 18.97
  • Gross Scheduled Income: --
  • Net Operating Income: $150,883
  • Gross Operating Income: $200,076
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 10216 Riverside Dr

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Property Details for 10216 Riverside Dr

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 11
  • Has Parking
  • Parking Features: Guest
Lot Information
  • Lot Features: No Landscaping
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Trees/Woods
  • Total # of Units: 4
  • Parcel Number: 2424006038
  • Foundation Details: Slab
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: On Riverside Dr, between Sancola Ave and Forman Ave
View more facts & features

Local Toluca Lake Agent

Sale History for 10216 Riverside Dr

View property's historical transactions

  • August, 2024

  • Aug 28, 2024

    Date

    Active

    CRMLS: 24431957

    $3,795,000

    Price

Tax History for 10216 Riverside Dr

Assessed Value (2020): $98,132
Year Land Value Improved Value Assessed Value
2020 $61,171 $36,961 $98,132

Home Value Compared to the Market

This property vs the competition

10216 Riverside Dr is listed 153% higher than the median list price for the city of Toluca Lake which has a median list price of $1,500,000. The median price per/sqft for Toluca Lake is $699 and this home is listed at $796.6 per/sqft which puts the price per square foot 13.96% higher than the median price per square foot for the city of Toluca Lake.

About 10216 Riverside Dr

Detailed summary of property

10216 Riverside Dr is a multi family located in Toluca Lake, CA 91602 and is currently for sale. This multi family property offers -- bedrooms, 4 bathrooms, roughly 4,764 living square feet, and sits on an approximately 8,252 square foot lot. 10216 Riverside Dr was first listed on ArdentRealEstateGroup.com on August 28, 2024. The homeowner is currently asking $3,795,000. The median priced home in Toluca Lake is $1,500,000 with a median price per square foot of $699. Based on Ardent Real Estate Group's Toluca Lake Market Data, this home is listed 153% higher than the median priced home. Local competing homes currently for sale include 6708 Willoughby Ave, 733 N Hayworth Ave and 6042 Barton Ave. While the average home in Toluca Lake, CA is selling in 105 days, 10216 Riverside Dr has a days on market of 20 days. There are currently 44 homes for sale in the Toluca Lake real estate market and 23 of them are single family homes while 15 of them are condos and 6 are townhomes. For more information on this home for sale at 10216 Riverside Dr Toluca Lake, CA 91602 contact Ardent Real Estate Group and we will put you in touch with one of our Toluca Lake agents.

Public Facts for 10216 Riverside Dr

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
1,797
Lot Size
3,245
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
34,35
APN
2424-006-038

The source for these homes facts are from public records.

91602 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,350,000
Median List Price/Sq.Ft.
$672
Median Sold Price
$1,250,000
Median Sold Price/Sq.Ft.
$650
Total Inventory
71
Median Sale to List Price %
114.68%
Avg Days on Market
28
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (6.25%), Other (18.75%)

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Toluca Lake Agent
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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