Toluca Lake Multifamily Investment
4406 Cahuenga Boulevard Toluca Lake, CA 91602
4406 Cahuenga Boulevard, Toluca Lake, CA, 91602
$8,500,000
For Sale
$8,500,000
18-unit apartment complex in prime Toluca Lake location.
Days on Market410
Property Features for 4406 Cahuenga Boulevard
General Information
- Standard status
- Active
Building Details
- Year Built
- 1986
Listing agency
LA PREMIER REALTY
Listed by
DAVID NALBANDYAN
Source
Corcoran
Added: Jun 9, 2025 Updated: Mar 16 at 9:09AM Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LA PREMIER REALTY
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Location Intelligence
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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 Boulevard 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.
