MLS® ID: SR17215488
10613 Whipple Street
Toluca Lake, California, 91602 $3,000,000
DEVELOPMENT DEAL! 10613 and 10619 Whipple St are two side-by-side fourplexes that are zoned LAR3 in an A+ Toluca Lake location. The buildings reside on two R3 lots totaling 14,336 SF. Both fourplexes are fully vacant and ready for development! There are so many routes to profit on this RARE Toluca Lake double parcel opportunity. The current owner was discussing a high profit senior housing project on this site. Other great options include a condo complex, townhomes, a large apartment building or a small lot subdivision. New construction rentals in luxurious Toluca Lake go for approximately $3,000 for 2 bedrooms and $4,000 for 3 bedrooms. Or, if you are looking to go the condo/townhome/small lot route, prices are around $700,000+.
This property is located in the most sought after, celebrity-packed city in all of Los Angeles, Toluca Lake. Both the rental market and the residential sale’s market are unbeatable in this area. The property is minutes from Universal Studios, charming Toluca Lake Village with all of its shops and restaurants, the NoHo Arts District, Tujunga Village, and Studio City’s main hub of Ventura Blvd and Laurel Canyon.