10706 Camarillo St
North Hollywood, CA 91602 (Valley Village)
$2,555,000

10706 Camarillo St
North Hollywood, CA 91602

(Valley Village)
  • 1 bath
  • 1,303 sqft
  • 5,398 sqft lot size
  • Single-Family Home
Off Market · Sold on Sep 5, 2017
$2,555,000
10706 Camarillo St
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  • 1 Elementary School

    1 Middle School

    1 High School

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  • Lowest crime relative to the rest of Los Angeles county.

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  • 95% of residents commute by car.

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  • 169 Restaurants

    10 Grocery stores

    50 Nightlife

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Off Market · Sold on Sep 5, 2017

Home Details

Overview
  • Single-Family Home
  • 1 Bath
  • Built in 1938
  • 5,398 sqft lot size
  • 1,303 sqft
Description

This property is no longer available to rent or buy. This description is from August 18, 2017
A 2017 CONSTRUCTION ultra-luxury fourplex in Toluca Lake, the most sought after city in the Valley! At this point in time the property is still in the construction phase. Upon completion the four units will be the most upscale rentals in Toluca Lake. 10706 Camarillo will consist of two separate buildings housing four 3 bedroom, 2.5 bathroom units, two of which will be 3-story and two of which will be 2-story. The market rents will be $3,750, $3,750, $3,500 and $3,500. With these realistic rents in mind, the cap rate amounts to a whopping 5.57%! A return this high is unheard of in all of Los Angeles. Most properties transact at a 4% cap rate or less. This is a truly once in a lifetime opportunity to acquire a new construction fourplex (which is a rarity) with an astronomical rate of return (also remarkably rare!). The developers have constructed this property with extreme attention to detail, making sure all units have top of the line appliances, well laid out floor plans and an overall building quality you won't find anywhere else. The building is situated on the border of Toluca Lake and the NoHo Arts District, which provides convenient access to the countless shops, restaurants and local hotspots in both neighborhoods.

Price History
Date
Price
Event

09/07/2017
$2,450,000
Posting removed

09/05/2017
$2,555,000
Sold
Recording Date
09/05/2017
Contract Date
07/21/2017
Sale Price
$2,555,000
Price Type
Sales Price or Transfer Tax rounded by county prior to computation. Varies by county.
County Transfer Tax
$2,811
Total Transfer Tax
N/A
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

08/18/2017
$2,450,000
Listed for sale

11/11/2015
$699,000
Posting removed

11/10/2015
$689,500
Sold
Recording Date
11/10/2015
Contract Date
10/30/2015
Sale Price
$689,500
Price Type
Sales Price or Transfer Tax rounded by county prior to computation. Varies by county.
County Transfer Tax
$758
Total Transfer Tax
N/A
Transaction Type
Insured Non-Residential Grant Deed
Document Type
N/A

10/22/2015
$699,000
Pending

10/06/2015
$699,000
Listed for sale

07/19/1995
$159,000
Sold
Recording Date
07/19/1995
Contract Date
07/05/1995
Sale Price
$159,000
Price Type
Full amount computed from Transfer Tax or Excise Tax.
County Transfer Tax
$175
Total Transfer Tax
N/A
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

Property Taxes and Assessment
Year
2017
Tax
$8,540.37
Assessments
$703,290
Land
$507,756
Improvements
$195,534
Total
$703,290
Market Value
N/A

Affordability
Additional Costs

Price Trends
Real Estate Trends
Average Listing Price for 91602
$1,213,457
53% below sold price
Median Sale Price for 91602
$710,000
72% below sold price
Average Sale price/sqft for 91602
$516/sqft
Comparables and Estimates
Sold Homes
Address Distance Property Type Sold Price Sold Date Bed Bath Sqft
6.79
Single-Family Home
$1,780,000
11/13/17
2
3
2,397
5.79
Single-Family Home
$1,995,000
11/27/17
4
2
2,335
3.98
Single-Family Home
$2,440,000
11/14/17
4
4
2,682
4.07
Single-Family Home
$2,450,000
11/28/17
2
3
2,227
1.84
Single-Family Home
$1,900,000
11/17/17
5
4
4,773
4.1
Single-Family Home
$1,940,000
11/13/17
3
1
1,106
6.28
Single-Family Home
$2,265,000
12/01/17
3
3
2,945
2.12
Single-Family Home
$2,100,000
12/04/17
4
2
2,525
4.52
Single-Family Home
$1,875,000
11/15/17
3
1
1,017
6.52
Single-Family Home
$2,430,000
11/15/17
3
2
1,794

Contact Info


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