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10346 Moorpark Street

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

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

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.

Players

Kevin Dees

Carolwood Estates

Broker

$100.1M

vol

6 deals

Broker

Ron Burkle

Seller

$220.5M

vol

4 deals

Seller

Toluca Lake Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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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