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
MLS #
CRSR20253590
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.00
Appliances
Garbage Disposal, Other, Oven - Gas, Oven Range - Gas
Flooring
Laminate
Laundry
None
Cooling
Window/Wall Unit
Heating
Floor Furnace, Wall Furnace
Roof
Composition
Foundation
Other
Pool
None
Style
Traditional
Garage/Parking
Assigned Spaces, Garage: 0 Car(s)
HOA Fee
$0
4418 Cahuenga Bld is a Residential Income in Toluca Lake, CA 91602. This – square foot property sits on a 6,599 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,515,000 and was built in 1940.
This address can also be written as 4418 Cahuenga Bld, Toluca Lake, CA 91602.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of May 03, 2023. For the most current information, please contact Daniel Drantch, (818) 290-5001