Property Details
About this Property
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 pr
MLS Listing Information
MLS #
CRBB25112358
MLS Source
California Regional MLS
Days on Site
2
Interior Features
Cooling
Central Forced Air
Parking, School, and Other Information
Garage/Parking
Garage: 18 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
4406 Cahuenga Bld is a Residential Income in Toluca Lake, CA 91602. This – square foot property sits on a 13,205 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $8,500,000 and was built in 1986. This address can also be written as 4406 Cahuenga Bld, Toluca Lake, CA 91602.
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This listing information is up-to-date as of May 22, 2025. For the most current information, please contact David Nalbandyan, (855) 525-7653
