4406 Cahuenga Boulevard

Toluca Lake, CA 91602

  • 0 Bed(s)
  • 0 Bath(s)
  • 15,868 Sqft
  • 13205
    Sqft(Lot)
$8,500,000

Description

We are proud to present a rare and exceptional multifamily investment opportunity in the highly sought-after neighborhood of toluca lake—one 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 5.12% cap rate, 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 options—and with convenient access to major freeways—this 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: 5.12%

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 adus—offering both immediate cash flow and long-term growth.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49912570

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: Living Room

    Cooling Features

    • Central Air
    • Air Conditioning

    Fireplace

    • Fireplace Features: Living Room
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1986
    • Building Area Total: 15,868

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3031
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 13205

  • Listing Price Information

    • Original List Price: 8,500,000
    • Listing Contract Date: 2025-05-22

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2424002045

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: TUL - Toluca Lake
    • Directions: off of Cahuenga Riverside
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: TUL - Toluca Lake
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 39
    • Common Walls: No Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: cahuenga
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BuyOwner last updated this listing 06/09/2025 @ 05:58

  • MLS: BB25112358
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 15,868 sqft, 13,205 sized lot, and 18 parking. are nearby neighborhoods.