Updated Oct 25, 2024
Ron Burkle Sells $26M SFR In Toluca Lake, Los Angeles
10346 Moorpark Street
$26,000,000
$2,650/SF
Building Size
9,810 SF
Asset Type
Single Family Residence
Closing
Mar 10, 2023
About this deal
AI
A stunning single-family residential property located at 10346 Moorpark Street in Toluca Lake, Los Angeles has been sold for an impressive price of $26,000,000. This sale marks one of the top three highest sales ever recorded in the valley and a significant milestone for the Toluca Lake neighborhood, surpassing previous records by over $8 million. Spanning across 19,810 square feet, this property offers ample space and a prime location in the desirable Toluca Lake market.
Summary of transaction details:
- Property Type: Single-Family Residential
- Transaction Amount: $26,000,000
- Address: 10346 Moorpark Street, Toluca Lake, Los Angeles
- Market: Toluca Lake, Los Angeles
- Square Footage: 19,810
- Price per Square Foot: $1,312
Facilitating this remarkable transaction was Kevin Dees from The Agency, representing the seller, Ron Burkle. With their expertise and experience in the real estate market, Kevin Dees and The Agency ensured a successful sale, resulting in this historic and record-breaking transaction in Toluca Lake.
On the Map
$26,000,000
$2,650/SF
Single Family Residence
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Players
Toluca Lake Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.7K per square foot on a published $26M for 9,810 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93