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.