Toluca Lake Duplex | Sold Above List Price | Seller Exchanged into DSTs
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The successful closing of 10650 Camarillo St, a primely located duplex in Toluca Lake, CA. This is the first time in over 23 years that this property has been sold.
We quickly generated an above list price, all-cash, and fully non-contingent offer in the first week of marketing. The seller jumped on this offer and escrow was smooth leading to our closing earlier this week.
Seller's All-Time Successful 1031 Exchange into DSTs
The seller of this Toluca Lake duplex exchanged their property for a Delaware Statutory Trust (DST) portfolio. In 2022, the seller's duplex brought in $14,525 in net cash flow, after expenses and loan payments. This equated to just over $1,200 per month and a return on equity of a mere 1.32%.
In contrast, with the new DST portfolio, the seller is projected to generate $74,780 of net cash flow, or roughly $6,200 per month, in the first year alone. This represents a remarkable increase in net cash flow of 415% following the 1031 exchange, equating to over five times the previous amount.
The successful closing of 10650 Camarillo St, a primely located duplex in Toluca Lake, CA. This is the first time in over 23 years that this property has been sold.
We quickly generated an above list price, all-cash, and fully non-contingent offer in the first week of marketing. The seller jumped on this offer and escrow was smooth leading to our closing earlier this week.
Seller's All-Time Successful 1031 Exchange into DSTs
The seller of this Toluca Lake duplex exchanged their property for a Delaware Statutory Trust (DST) portfolio. In 2022, the seller's duplex brought in $14,525 in net cash flow, after expenses and loan payments. This equated to just over $1,200 per month and a return on equity of a mere 1.32%.
