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For Sale

$1,599,000

4418 Cahuenga Boulevard
Toluca Lake, CA 91602

NEW PRICE! THIS IS AN EXCLUSIVE OFFERING IN THE AFFLUENT NEIGHBORHOOD OF TOLUCA LAKE ON A GREAT VISIBILITY STREET. THIS IS A ONE OF KIND OPPORTUNITY FOR AN ASTUTE INVESTOR OR DEVELOPER WHO WANTS TO BUILD A NEW APARTMENT BUILDING ON A PRIME SITE SURROUNDED BY LOTS OF NEW CONSTRUCTION. THIS PROPERTY SITS ON A 6,600 SQUARE FOOT LOT WITH A 20 FOOT ALLEY IN THE REAR. IT IS ZONED R3-1 WHICH ALLOWS FOR UP TO 8 BRAND NEW UNITS TO BE BUILT ON THE SITE BY RIGHT. IN ADDITION THROUGH BONUS DENSITY YOU MAY BE ABLE TO BUILD UP TO 12 UNITS ON THE SITE. THERE IS A LOT OF NEW CONSTRUCTION IN THE AREA INCLUDING A BRAND NEW 10 UNIT APARTMENT BUILDING TWO DOORS DOWN AND ANOTHER 5 UNIT CONDOMINIUM BUILDING AROUND THE CORNER. THERE ARE PLANS FOR A NEW 57 UNIT APARTMENT BUILDING JUST DOWN THE STREET THAT IS GOING TO BEGIN CONSTRUCTION SOMETIME THIS SUMMER. THERE ARE NO ENTITLEMENTS FOR NEW CONSTRUCTION ON THIS SITE. THE PROPERTY IS CURRENTLY IMPROVED WITH A 4 UNIT APARTMENT BUILDING THAT IS UNDER RENT CONTROL AND FULLY OCCUPIED. DO NOT MISS OUT ON THIS GREAT OPPORTUNITY AS THIS IS THE ONLY APARTMENT DEVELOPMENT SITE ON THE MARKET IN TOLUCA LAKE. SUBMIT ALL OFFERS! Read More

Market Status
Sale Pending
Last Updated
July 25, 2021

Property Type
Land
Architecture
Lots/Acreage
Property Type
Lots And Land;
Mountain View
-

Local Market Conditions

There are currently 10 properties for sale in the Toluca Lake, CA area with the average listing price of $2,050,500. This represents a decrease of -0.8% over the previous week. To learn more about the Toluca Lake, CA area, contact a local expert!

Market Snapshot for Toluca Lake, CA

Avg. Listing Price

$2,050,500

Wk ending Jul 24

$-16,850

-0.8%

w-o-w

10

Average Listing Price for Toluca Lake, CA
No. BedroomsNo. Beds Week Ending
(Jul 24)
w-o-w Week Ending
(Jul 17)
Week Ending
(Jul 10)
Week Ending
(Jul 3)
All PropertiesAll $2,050,500 -0.8% $2,067,350 $2,066,255 $2,031,062
1 bedroom1 BR - +0.0% - - -
2 bedrooms2 BR - +0.0% - $1,095,000 $1,095,000
3 bedrooms3 BR $1,361,000 +6.1% $1,282,933 $1,399,700 $1,454,760
4 bedrooms4 BR $1,997,500 +6.3% $1,880,000 $2,246,250 $2,197,000

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Listing Provided By:

Daniel Drantch

Rodeo Realty

Phone
This $1,599,000 Land at 4418 Cahuenga Boulevard in Toluca Lake, CA is presented by Daniel Drantch. This $1,599,000 Land, located in the 91602 zip code, has the following property features: Mountain View, Property Type. This 4418 Cahuenga Boulevard Land is listed under MLS listing number SR20137674 and has a listing price of $1,599,000. You can find more Toluca Lake homes for sale here.

Data Provided by CRIS-Net Regional MLS (Southland)

More Information for this listing