4624 Cahuenga Boulevard

Toluca Lake, CA 91602

About this property

We are proud to present this rare opportunity to own a 32-unit apartment building located in a prime Toluca Lake location. Built in 1968, the property is subject to LA City Rent Control. The building features an excellent unit mix with 30 two-bedroom, two-bath units and 2 one-bedroom, one-bath units. Each apartment offers spacious floorplans, central A/C & heat and attractive finishes to add to the desirability of the property. The property offers residents attractive amenities such a pool, courtyard, gym, BBQ area, intercom access, on-site laundry facility and plenty of subterranean and open parking (66 Spaces total). Additionally, there is leasing office at the property which helps the owner, manager and tenants facilitate the best living and management experience possible. In addition to the desirable features of the property, residents benefit from an excellent location that provides easy access to endless shopping, dining and entertainment options of Universal Studios, Universal City, and busy thoroughfare of Ventura Blvd. This is a unique opportunity to acquire a very well-located asset with long term ownership and significant upside potential.

About this property

We are proud to present this rare opportunity to own a 32-unit apartment building located in a prime Toluca Lake location. Built in 1968, the property is subject to LA City Rent Control. The building features an excellent unit mix with 30 two-bedroom, two-bath units and 2 one-bedroom, one-bath units. Each apartment offers spacious floorplans, central A/C & heat and attractive finishes to add to the desirability of the property. The property offers residents attractive amenities such a pool, courtyard, gym, BBQ area, intercom access, on-site laundry facility and plenty of subterranean and open parking (66 Spaces total). Additionally, there is leasing office at the property which helps the owner, manager and tenants facilitate the best living and management experience possible. In addition to the desirable features of the property, residents benefit from an excellent location that provides easy access to endless shopping, dining and entertainment options of Universal Studios, Universal City, and busy thoroughfare of Ventura Blvd. This is a unique opportunity to acquire a very well-located asset with long term ownership and significant upside potential.

Features and Additional Information

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$10,750,000 Active
35,860 SQFT

Presented By Coldwell Banker Home Source

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Get in touch today! Phone: 1-760-684-8100
License #01902736
Brokerage
Marcus & Millichap 818-212-2700
1-818-212-2700
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Area Information

TUL Toluca Lake | Los Angeles County |

$ 10,750,000
This listing is play_arrow 1480.9% higher than the average in the area
$ 680,000 in the area
35,860 SqFt
This listing is play_arrow 2926.2% larger than the average in the area
1,185 SqFt in the area
$ 300 $/SqFt
This listing is play_arrow 47.8% less than the average in the area
$ 574 $/SqFt in the area
76 days on site
This listing is play_arrow 442.9% above the average in the area
14 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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Listed By Brett Sanson
Brokerage: Marcus & Millichap 818-212-2700

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