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For Sale

$1,599,000

4418 Cahuenga Boulevard
Toluca Lake, CA 91602

THIS IS AN EXCLUSIVE OFFERING IN THE AFFLUENT NEIGHBORHOOD OF TOLUCA LAKE ON A GREAT VISIBILITY STREET. THIS IS A ONE OF a KIND OPPORTUNITY FOR AN ASTUTE INVESTOR WHO REALIZES THE RENTS ARE QUITE A BIT UNDER MARKET (35% + ON 3 OF THE UNITS) ALLOWING ONE THE ABILITY TO INCREASE THE RENT EVERY YEAR EVEN WITH RENT CONTROL. THE UNIT MIX CONSISTS OF ONE -2 BEDROOM UNIT & THREE - 1 BEDROOM UNITS. THE UNITS ARE VERY LARGE, TOTALING APPROXIMATELY 3,110 SQFT OF LIVING SPACE ON A 6,600 SQFT LOT WITH 4 DETACHED COVERED PARKING SPACES IN THE BACK OF THE PROPERTY. ALL THE UNITS ARE SEPARATELY METERED. IT HAS BEEN IMPECCABLY MAINTAINED BY THE OWNERS AND HAS GREAT CURB APPEAL. THERE IS AN ALLEY IN THE REAR OF THE PROPERTY . THE PROPERTY ALLOWS FOR FUTURE DEVELOPMENT BASED ON ITS CURRENT ZONING. A DEVELOPER CAN BUILD UP TO 8 NEW UNITS BY RIGHT AND UP TO 12 NEW UNITS WITH BONUS DENSITY PER THE CITY OF LA. 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 THIS YEAR. VERY RARELY DO YOU SEE A RESIDENTIAL 4 UNIT PROPERTY OF THIS SIZE BECOME AVAILABLE FOR SALE IN SUCH AN EXCELLENT TOLUCA LAKE LOCATION. THE PROPERTY IS LOCATED NEAR TOLUCA LAKE'S MANY RESTAURANTS, STORES, ENTERTAINMENT AND IS CLOSE PROXIMITY TO THE RENOWN TOLUCA LAKESIDE COUNTRY CLUB. SUBMIT! Read More

Market Status
Sale Pending
Last Updated
July 25, 2021

Property Type
Multi Family
Year Built
1940
Stories
2
Disposal
-
Oven
Gas
Range
Gas
Cooling System
Window Unit(s) A/C
Heating System
Central Furnace; Floor Furnace
Roof
Composition Shingle
Stories
2.0
Parking
Assigned; 4 spaces
Floors
Carpet; Laminate; Wood
Property Type
MultiFamily;
Living Room
-
Kitchen
-
Mountain View
-

Local Market Conditions

There are currently 9 properties for sale in the Toluca Lake, CA area with the average listing price of $2,111,778. This represents an increase of +3.0% 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

$2,111,778

Wk ending Jul 31

$+61,278

+3.0%

w-o-w

9

Average Listing Price for Toluca Lake, CA
No. BedroomsNo. Beds Week Ending
(Jul 31)
w-o-w Week Ending
(Jul 24)
Week Ending
(Jul 17)
Week Ending
(Jul 10)
All PropertiesAll $2,111,778 +3.0% $2,050,500 $2,067,350 $2,066,255
1 bedroom1 BR - +0.0% - - -
2 bedrooms2 BR - +0.0% - - $1,095,000
3 bedrooms3 BR $1,292,000 -5.1% $1,361,000 $1,282,933 $1,399,700
4 bedrooms4 BR $1,880,000 -5.9% $1,997,500 $1,880,000 $2,246,250

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Listing Provided By:

Daniel Drantch

Rodeo Realty

Phone
This $1,599,000 Multi Family at 4418 Cahuenga Boulevard in Toluca Lake, CA is presented by Daniel Drantch. This $1,599,000 Multi Family, located in the 91602 zip code, has the following property features: Property Type, Range, Roof, Mountain View. This 4418 Cahuenga Boulevard Multi Family is listed under MLS listing number SR20253590 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