NOT LISTED FOR SALE

4152 Cahuenga Blvd Toluca Lake, CA 91602

3 Beds
2 Baths
8,904 Sq Ft
0.47 Acres

Last Sold December 27, 2019

Last sale price $3,615,000 $406 Per Sq Ft

8 Days on Market

Highlights

  • Lawn
  • No HOA
  • Laundry Room
  • Rio Vista Elementary Rated A-

About This Home

As of December 2019

Colonial Manor Apartments is a well maintained 10-unit apartment community located in Toluca Lake, California. Set amid lush surroundings on a 20,610 square foot lot, the 8,904 square foot property offers one- and two bedroom apartment homes in a variety of floor plans. Built in 1948, the property offers a excellent rental location and superb freeway access.

Last Agent to Sell the Property

Warren Berzack

Warren Lee Berzack License #01329015 Listed on: 09/23/2019

Warren Lee Berzack

Last Buyer's Agent

John Battle

Lee & Associates License #01191898

Lee & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 0.47 Acre Lot
  • Two or More Common Walls
  • Lawn

Parking

  • 10 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 8,904 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 241
  • Tax Tract Number 1
  • Assessor Parcel Number 2424040007

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,151
  • Fuel Expense $2,000
  • Gardener Expense $1,800
  • Insurance Expense $3,172
  • Maintenance Expense $13,356
  • Other Expense $1,000
  • Pest Control $600
  • Trash Expense $5,359
  • Water Sewer Expense $8,000
  • New Taxes Expense $39,375
  • Operating Expense $109,826
  • Gross Income $15,979
  • Net Operating Income $109,826

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

10

Listing Details

  • CapRate: 3.49
  • Property Attached: Yes
  • Water Sewer Expenses: 8000.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 2424040007
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 406.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 5359.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 20610.00
  • Lot Size Acres: 0.4731

Multi Family

  • Electric Expense: 2151.00
  • Fuel Expense: 2000.00
  • Gross Income: 15979.00
  • Gross Multiplier: 16.31
  • Gross Scheduled Income: 193111.00
  • Insurance Expense: 3172.00
  • Lot Size Area: 20610.0000 Square Feet
  • Maintenance Expense: 13356.00
  • Net Operating Income: 109826.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 77492.00
  • Other Expense: 1000.00
  • Other Expense Description: Misc.
  • Rent Control: Yes
  • Total Expenses: 109826.00
  • Vacancy Allowance: 5793

Tax Info

  • New Taxes Expense: 39375.00
  • Tax Census Tract: 1431.00
  • Tax Lot: 241
  • Tax Tract Number: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2019 12/27/19 Sold $3,615,000 +14.8% $406 / Sq Ft
10/01/2019 10/01/19 Pending -- -- --
09/23/2019 09/23/19 For Sale $3,150,000 -- $354 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19226859

California Regional Multiple Listing Service (CRMLS)