NOT LISTED FOR SALE

4372 Cahuenga Blvd Toluca Lake, CA 91602

6 Beds
4 Baths
3,430 Sq Ft
5,918 Sq Ft Lot

Last Sold May 21, 2019

Last sale price $1,675,000 $488 Per Sq Ft

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Laundry Room
  • Rio Vista Elementary Rated A-
  • Cooling System Mounted To A Wall/Window
  • Rectangular Lot

About This Home

As of May 2019

Opportunity is knocking! Superb Toluca Lake location. Four unit apartment building with 3,430 sqft. There are 2- two-bed + one bath units and 2- one bed + one bed units. Built in the 1940’s these charming units include hardwood floors, tile counter tops, and patios. Zoning is R4 and two adjacent properties on either side of this address are also available for sale and can be purchase together.

This property is located in the sought after, celebrity-packed city of Toluca Lake. Both rental and residential sale markets are unbeatable in this area. Million $$$ homes are around the corner. The property is minutes from Universal and Burbank Studios, Toluca Lake Village with an abundance of restaurants and stores, the NoHo Arts District, Tujunga Village, and Studio City’s main hub at Ventura Blvd and Laurel Canyon.
Do not disturb occupants. Do not walk the property.

Last Agent to Sell the Property

Diane Eaton

Exclusive Estate Properties Inc License #00641108 Listed on: 12/14/2018

Last Buyer's Agent

Dan Drantch

Rodeo Realty License #00900188

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 5,918 Sq Ft Lot
  • Lot Dimensions are 50 x 118
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 4 Car Garage

Home Design

  • Traditional Architecture
  • Quadruplex
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,430 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Standard Electricity
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 9340
  • Assessor Parcel Number 2424011003

Community Details

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $407
  • Gardener Expense $3,140
  • Insurance Expense $1,960
  • Maintenance Expense $6,881
  • Pest Control $275
  • Water Sewer Expense $3,448
  • New Taxes Expense $20,937
  • Operating Expense $37,153
  • Gross Income $84,484
  • Net Operating Income $47,331

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 2.83
  • Inclusions: oven-range, to be determined
  • Property Attached: Yes
  • Water Sewer Expenses: 3448.00
  • Zoning: LAR4
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 3140.00
  • Parcel Number: 2424011003
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Vinyl, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 488.34

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Pest Control Expense: 275.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size: 50 x 118
  • Lot Size Sq Ft: 5918.00
  • Lot Size Acres: 0.1359

Multi Family

  • Fuel Expense: 407.00
  • Gross Income: 84484.00
  • Gross Multiplier: 19.82
  • Gross Scheduled Income: 82948.00
  • Insurance Expense: 1960.00
  • Laundry Income: 1536.00
  • Lot Size Area: 5918.0000 Square Feet
  • Maintenance Expense: 6881.00
  • Net Operating Income: 47331.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 37153.00
  • Rent Control: Yes
  • Total Actual Rent: 82948.00
  • Total Expenses: 37153.00

Tax Info

  • New Taxes Expense: 20937.00
  • Tax Census Tract: 1431.00
  • Tax Lot: 3
  • Tax Tract Number: 9340

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
05/21/2019 05/21/19 Sold $1,675,000 0.0% $488 / Sq Ft
01/23/2019 01/23/19 Pending -- -- --
12/14/2018 12/14/18 For Sale $1,675,000 -- $488 / 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: SR18289456

California Regional Multiple Listing Service (CRMLS)

APN: 2424-011-003