CLOSED ESCROW
MULTIFAMILY
10640 wOODBRIDGE STREET
TOLUCA LAKE, CA 91602
PRICE:
PRICE/UNIT:
PRICE/SF:
CAP RATE:
GRM:
YEAR BUILT:
​
$14,725,000
$701,190
$405
3.79%
16.86
2008
DEAL HIGHLIGHTS​:
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Non Contingent All Cash Buyer
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Deal Was Put Into Escrow within 2 Weeks of Marketing Campaign
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Record Breaking Sale
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Multiple Offers
ASSET HIGHLIGHTS
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21 Individual Parceled Condominiums
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A+ Asset in A+ Location
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High End Finishes
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Fitness Room
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Spacious Units
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Gated Underground Parking with Guest Spaces
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Elevator
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Penthouse Units Have Rooftop Decks
THE ASSET
The Verona Villas is a rare investment opportunity to own a 21-unit condominium community in prime Toluca Lake. The property was completed in 2008 and is not subject to rent control. The property boasts a very strong unit mix consisting of one, two-bedroom/two-bathroom units, two three-bedroom/two-and-one-half bathroom units, 12 three-bedroom/two-and-one-half bathroom units plus den, and six three-bedroom/two-and-one-half bathroom units plus den with a roof top deck. The units vary in square footage from 1,225 to 1,888-square feet.
The Verona Villas offers an array of amenities including a full fitness center, penthouse units with a rooftop deck, central air conditioning, crown moldings, hardwood floors,granite countertops, stainless-steel Viking appliances, in unit full washer/dryer, high end cabinetry, pre-wired alarm systems, an elevator and gated garage parking. The units are absolutely beautiful with condominium quality finishes: tenants appreciate the quality and the current owner has been successful in getting higher rental amounts when a unit becomes vacant.