CA > Toluca Lake
Toluca Lake, CA 91602,4406 Cahuenga BLVD
Toluca Lake, CA 91602,4406 Cahuenga BLVD
Toluca Lake, CA 91602,4406 Cahuenga BLVD
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$8,500,000
Est. payment /mo
0.3 Acres Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB25224752

HOA Y/N No

Year Built 1986

Lot Size 0.303 Acres

Property Sub-Type Apartment

Property 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 5.2% CAP rate (13.48 GRM), 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: 5.2%, Current GRP : 13.48
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.

Location

State CA

County Los Angeles

Area Tul - Toluca Lake

Zoning LAR3

Interior

Cooling Central Air

Fireplaces Type Living Room

Fireplace Yes

Laundry Common Area

Exterior

Garage Spaces 18.0

Garage Description 18.0

Pool None

Community Features Curbs

Total Parking Spaces 18

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 3

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 2424002045

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by David Nalbandyan LA Premier Realty info@lapremierrealty.com
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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