10829 Kling Street, Toluca Lake, CA 91602

The subject property is comprised of a 3 bed 2 bath home with a detached three unit building built in 1986 (no rent control). The rear building has two 1 bed 1 bath units downstairs and a large 2 bed 1 bath unit upstairs. One of the bottom units is non-conforming (permitted as a sewing room). The rear building also features private patios for each unit and a laundry room. This asset is poised to be repositioned as it has been partially remodeled and can be delivered 75% vacant presenting a new owner with a value add opportunity to improve the rest of the property and take the units to market rent. There is also potential to convert the property to a fourplex by permitting the 4th unit (call for details). Whether the goal is to refinance and hold for cash flow or to flip, this opportunity will provide an investor with multiple options after the property has been stabilized.Development potential as well with a 7,096 SF lot zoned R3-1.Conveniently located on Kling St blocks south of the Noho Arts District. Tenants benefit from close proximity to shopping, restaurants and entertainment on Riverside Dr. and Ventura Blvd.*Buyer to verify all information***DRIVE BY ONLY. PLEASE DO NOT DISTURB/CONTACT TENANTS*