facebook
Traded Co logo
Submit

Ron Burkle Sells $26M SFR In Toluca Lake, Los Angeles

Property Image
SOLD
$26,000,000
Kevin Dees
RB

California

See Similar Deals
Single Family Residence9,810 SF
Sold 03/10/2023
the dealplayerscompscontact
Property Image
SOLD

Ron Burkle Sells $26M SFR In Toluca Lake, Los Angeles

10346 Moorpark Street

See Similar Deals
Single Family Residence9,810 SF
Sold 03/10/2023
Kevin Dees
RB
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$2,650
Total Square Footage:9,810 SF
Transaction Type:Sale

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.

Players

Kevin Dees
Carolwood Estates
Kevin Dees
6 deals$100.1M volume(818) 414-3404
BROKER
RB
Ron Burkle
4 deals$220.5M volume
SELLER

Details

SOLD
IMAGE: Kevin Dees DATE: 03/10/2023 ADDRESS: 10346 Moorpark Street MARKET: Toluca Lake, Los Angeles ASSET TYPE: SFR SELLER: Ron Burkle BROKER: Kevin Dees (@Kevindees) - The Agency SALE PRICE: $26,000,000 SF: 19,810 ~ PPSF: $1,312 NOTE FROM BROKER: The sale is top 3 all time for the valley and  all time for Toluca Lake by over 8m.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,386,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$92,372.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,253.26
Annual Debt Service$1,479,039.17