10856 Camarillo Street, Toluca Lake, California 91602, Toluca Lake, 91602 - bed, bath
ACTIVE$1,250,000
10856 Camarillo Street, Toluca Lake, California 91602
0Bed
0Bath
2,480Sqft
7,307Lot
Year Built
1953
Close
-
List price
$1.25M
Original List price
$1.45M
Price/Sqft
$504
HOA
-
Days on market
-
Sold On
-
MLS number
SR25127553
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $1.25M(50th), sqft - 2480(50th), beds - undefined(50th), baths - undefined(50th).
NEW PRICE!!! in Toluca! 4 Units with long term tenants in Toluca Lake on Camarillo. 2 - 2 bedrooms/1 Bath and 2 Studios. Property has a front yard and rear yard. Property is zoned LAR3, sqft. 2480 and Lot Size 7305. Property has 4 garages, some individually rented out. Hardwood Floors throughout the units. Front unit (2 bed+1bath) to be delivered vacant. Great opportunity for owner occupied. Call for Offers!!!
Nearby schools
7/10
Toluca Lake Elementary School
Public,•K-5•0.4mi
7/10
Rio Vista Elementary School
Public,•K-5•0.7mi
9/10
Theodore Roosevelt Elementary School
Public,•K-5•1.4mi
8/10
R. L. Stevenson Elementary School
Public,•K-5•1.7mi
8/10
Valley View Elementary School
Public,•K-6•2.6mi
6/10
Walter Reed Middle School
Public,•6-8•1.1mi
5/10
David Starr Jordan Middle School
Public,•6-8•3.0mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•5.1mi
6/10
Arroyo Seco Museum Science
Public,•K-8•10.2mi
3/10
East Valley Senior High School
Public,•9-12•0.9mi
8/10
North Hollywood Senior High School
Public,•9-12•1.3mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•1.7mi
7/10
Burroughs High School
Public,•9-12•2.5mi
6/10
Hollywood Senior High School
Public,•9-12•4.4mi
Price History
Date
Event
Price
10/25/25
Price Change
$1,250,000-2.0%
09/18/25
Price Change
$1,275,000-3.8%
09/03/25
Price Change
$1,325,000-5.0%
08/31/25
Price Change
$1,395,000
06/19/25
Listing
$1,450,000
Condition Rating
Poor
Built in 1953, this property shows significant signs of age and outdated features, particularly in the kitchen and bathrooms. The kitchen features yellow tiled countertops and backsplash, along with older white appliances and basic cabinetry, indicating a style from several decades ago. The bathroom has green tiled walls and a dated vanity. While the hardwood floors appear maintained, the critical areas would require substantial rehabilitation and capital expenditures for system upgrades, as noted in the property's weaknesses. This aligns with the 'Poor' criteria of requiring substantial repairs and rehabilitation, with renovations likely occurring 30-50+ years ago.
Pros & Cons
Pros
Great Schools: Elementary School: Theodore Roosevelt Elementary School (9/10).
Prime Location: The property is situated in Toluca Lake, a highly desirable and affluent neighborhood known for its charm, amenities, and strong rental demand.
Income-Generating Quadruplex: As a four-unit residential income property, it offers diversified rental income streams, enhancing investment stability and cash flow potential.
Owner-Occupancy Opportunity: The front 2-bedroom unit being delivered vacant provides an excellent opportunity for an owner-occupant to live on-site while benefiting from rental income from the other units.
LAR3 Zoning & Development Potential: The LAR3 zoning designation offers significant long-term value, allowing for potential future expansion, redevelopment, or increased density, subject to local regulations.
Additional Revenue & Stable Tenancy: The presence of four garages, some individually rented, provides an additional income stream, complemented by established long-term tenants ensuring consistent occupancy and cash flow.
Cons
Property Age and Condition: Built in 1953, the property likely requires significant capital expenditures for system upgrades (plumbing, electrical, HVAC) and general deferred maintenance, impacting immediate profitability.
History of Price Reductions: Multiple price drops from the original listing price may indicate initial overpricing or market resistance, potentially signaling a perceived lack of value at previous price points.
Potential for Below-Market Rents: While long-term tenants offer stability, their rents may be below current market rates, limiting immediate income upside for a new investor until units can be turned over and re-rented at market value.