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    4406 Cahuenga Blvd Toluca Lake, CA 91602

    For Sale
    $8,500,000

    18-unit apartment complex in prime Toluca Lake location.

    Property Features for 4406 Cahuenga Blvd

    General Information

    Standard status
    Active

    Building Details

    Year built
    1986

    Source: LA PREMIER REALTY Agent DAVID NALBANDYAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Toluca Lake Multifamily Investment Opportunity

    Located in the highly sought-after neighborhood of Toluca Lake, this well-maintained 18-unit apartment complex presents a multifamily investment opportunity. Constructed in 1986, the property is exempt from LA City Rent Control. The property is currently operating at a 5.12% CAP rate. Approved plans are in place for three Accessory Dwelling Units (ADUs), offering potential for increased cash flow and additional unit development. The ADUs repurpose underutilized storage and spa areas without impacting parking. All units have been fully renovated within the last 4 years. The property's location provides convenient access to dining, shopping, and entertainment options, as well as major freeways. Tenant-paid utilities contribute to low operating expenses for ownership.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Toluca Lake
    County
    Los Angeles
    State
    California
    Longitude
    -118.36129
    Latitude
    34.15068

    FAQs

    What type of property is this?
    Apartment building - 18-unit apartment complex in prime Toluca Lake location.
    Where is this apartment building located?
    The property is located at 4406 Cahuenga Blvd Toluca Lake, CA.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: - Exempt from LA City Rent Control: Built in 1986, offering flexibility for rent growth.; - RTI-Approved ADU Plans: Includes approved plans for 3 Accessory Dwelling Units, providing immediate upside potential.; - Prime Toluca Lake Location: Walkable to shops, dining, and entertainment.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4406 Cahuenga Blvd Toluca Lake, CA 91602
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