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10912 Landale Street, North Hollywood, California 91602, North Hollywood, 91602 - 6 bed, 5 bath

10912 Landale Street, North Hollywood, California 91602 home-pic-0
ACTIVE$1,999,999
10912 Landale Street, North Hollywood, California 91602
6Beds
5Baths
2,673Sqft
6,988Lot
Year Built
1924
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$748
HOA
-
Days on market
-
Sold On
-
MLS number
25524493
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.00M(52th), sqft - 2673(60th), beds - 6(94th), baths - 5(81th).

Turnkey Investment Gem in the Heart of Toluca Lake! Welcome to an exceptional income-generating opportunity in one of Los Angeles' most coveted neighborhoods. Perfectly positioned in prime Toluca Lake, this beautifully upgraded property offers rare versatility with high-yield potential ideal for investors, owner-users, or anyone looking to capitalize on strong rental demand.At the front, a charming 2-bedroom, 2-bathroom Spanish-style home has been tastefully remodeled, blending timeless architectural appeal with modern comforts. Enjoy private outdoor living spaces that include a cozy fire pit, serene Moorish-inspired water feature, and mature drought-tolerant landscaping all curated for low-maintenance luxury and guest enjoyment.Tucked behind the main residence lies a sleek, fully permitted duplex built in 2018designed with both form and function in mind. Each of the two 2-bedroom, 2-bath units features contemporary interiors with stainless steel appliances, subway tile showers, in-unit laundry, and private outdoor patios. The upper unit offers two balconies ideal for relaxing or enjoying LA's signature sunshine. Not subject to Rent Stabilization (buyer to verify), the duplex offers added flexibility for short-term or long-term rental strategies.Each unit is separately metered for utilities, enhancing convenience and management efficiency. Vibrant murals, lush greenery, and tranquil water elements elevate the outdoor experience, making this property highly attractive for both tenants and guests.Centrally located near major studios including Warner Bros., Disney, and Universal, and just minutes from iconic destinations like the Hollywood Bowl, this property is perfectly positioned to attract entertainment professionals and tourists alike. With easy access to the 101, 134, and Metro stations, commuting across LA is effortless.Whether you're seeking a high-performing asset or a unique live/rent hybrid opportunity, this fully turn-key property delivers on all fronts. Don't miss the chance to own a premier income-producing retreat in the vibrant heart of Toluca Lake.

Condition Rating
Excellent
This property features a unique combination of a fully remodeled 1924 Spanish-style main house and a newly constructed (2018) duplex. Both the main house and the duplex units showcase modern, high-quality renovations with contemporary kitchens (white shaker cabinets, quartz/black countertops, stainless steel appliances, subway tile backsplashes) and bathrooms (subway tile showers, glass enclosures, modern vanities). All flooring appears to be new LVP or tile, and lighting is recessed throughout. The property explicitly states 'tastefully remodeled' and 'sleek, fully permitted duplex built in 2018,' indicating recent and extensive updates that meet current quality standards with no visible deferred maintenance. The duplex was built within the last 10 years, and the main house has been extensively renovated, aligning perfectly with the 'Excellent' criteria.
Pros & Cons

Pros

High Income-Generating Potential: Explicitly marketed as a 'Turnkey Investment Gem' with a multi-unit setup (remodeled main house + new duplex) and flexible rental options (short-term/long-term, duplex not subject to rent stabilization).
Prime Entertainment Industry Location: Situated in highly desirable Toluca Lake, offering proximity to major studios (Warner Bros., Disney, Universal) and excellent access to transportation, attracting a strong tenant pool of professionals and tourists.
Modern & Tastefully Upgraded Units: Both the remodeled Spanish-style main house and the newly built (2018) duplex units feature contemporary finishes, stainless steel appliances, and in-unit amenities, ensuring high tenant appeal and reduced immediate capital expenditure.
Versatile Multi-Unit Configuration: The property offers a unique combination of a 2-bed main house and two 2-bed duplex units, providing diverse options for investors, owner-users, or multi-generational living arrangements.
Operational Efficiency & Enhanced Tenant Experience: Separately metered utilities simplify management, while curated outdoor spaces (fire pit, water feature, murals) add significant aesthetic and lifestyle value for residents.

Cons

Age of Original Structure: The main Spanish-style home dates back to 1924, which, despite remodeling, could potentially lead to unforeseen maintenance or infrastructure issues associated with older construction.
Potential for Tenant Density/Privacy Issues: A triplex on a 6,988 sqft lot, while efficient for income, may present challenges regarding tenant density, shared space management, and potential privacy concerns among residents.
Rent Stabilization Verification Required: The critical claim that the duplex is 'Not subject to Rent Stabilization' requires buyer verification, introducing a potential risk or additional due diligence step that could impact long-term rental strategy if not confirmed favorably.

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