4406 Cahuenga Boulevard, Toluca Lake, CA 91602

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Glen Henderson

[email protected] +1(619) 889-7646

$8,500,000

Est. payment - /mo

7 Beds

0.3 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB25224752

Bedrooms 7

Lot Size 0.303 Acres

Property Sub-Type Res Income 2-4 Units

Property Type Res Income 2-4 Units

Property Description

We are proud to present a rare and exceptional multifamily investment opportunity in the highly sought-after neighborhood of Toluca Lakeone of Los Angeles premier rental submarkets. This well-maintained 18-unit apartment complex, built in 1986, is not subject to LA City Rent Control, providing investors with enhanced flexibility for rent growth and long-term value appreciation. Currently operating at a robust 5.2% CAP rate (13.48 GRM), the property also includes THREE RTI-APPROVED ADU plans, offering immediate upside potential through increased cash flow and additional unit development. Situated just steps from popular dining, shopping, and entertainment optionsand with convenient access to major freewaysthis property delivers on both location and performance, making it an outstanding opportunity for savvy investors. Investment Highlights: Year Built: 1986 Exempt from LA City Rent Control Prime Toluca Lake Location Walkable to shops, dining, and services Strong Unit Mix All units fully renovated within the last 4 years Tenant-Paid Utilities Low operating expenses for ownership Current CAP Rate: 5.2%, Current GRP : 13.48 ADU Upside: Approved plans in place for 3 Accessory Dwelling Units ADUs repurpose underutilized storage/spa areas (no impact to parking) Pro forma CAP Rate post-ADUs projected to exceed 6.0% This is a rare, stabilized asset with significant upside potential through the addition of ADUsoffering both immediate cash flow and long-term growth.

Location

State CA

County Los Angeles

Zoning Assessor

Direction off of Cahuenga Riverside

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Tax ID 2424002045

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Listed by David Nalbandyan LA Premier Realty

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

4406 Cahuenga Boulevard Toluca Lake, CA 91602

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Get More Information