4406 Cahuenga Blvd Toluca Lake, CA 91602
Toluca Lake NeighborhoodEstimated payment $56,078/month
About This Home
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 ControlPrime Toluca Lake Location – Walkable to shops, dining, and servicesStrong Unit Mix – All units fully renovated within the last 4 yearsTenant-Paid Utilities – Low operating expenses for ownershipCurrent CAP Rate: 5.12%ADU Upside: Approved plans in place for 3 Accessory Dwelling UnitsADUs 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.
Listing Agent
LA Premier Realty Brokerage Email: info@lapremierrealty.com License #01869296
Property Details
Home Type
- Apartment
Year Built
- Built in 1986
Lot Details
- 0.3 Acre Lot
- No Common Walls
- Density is up to 1 Unit/Acre
- Land Lease
Parking
- 18 Car Garage
Interior Spaces
- 15,868 Sq Ft Home
- 3-Story Property
- Living Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Bathrooms
Utilities
- Central Air
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 11105
- Assessor Parcel Number 2424002045
Community Details
Building Details
- Rent Control
- 19 Separate Electric Meters
- 19 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,800
- Insurance Expense $8,589
- Maintenance Expense $9,000
- Professional Management Expense $24,526
- Trash Expense $6,998
- Water Sewer Expense $25,052
- Operating Expense $177,965
- Gross Income $625,356
- Net Operating Income $435,184
Additional Features
- 18 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/22/2025 05/22/25 | For Sale | $8,500,000 | 0.0% | $536 / Sq Ft |
| 10/27/2022 10/27/22 | Price Changed | $2,398 | -4.0% | $3 / Sq Ft |
| 10/12/2022 10/12/22 | Price Changed | $2,498 | -3.8% | $3 / Sq Ft |
| 10/07/2022 10/07/22 | Price Changed | $2,598 | 0.0% | $3 / Sq Ft |
| 10/07/2022 10/07/22 | For Rent | $2,598 | +13.1% | -- |
| 08/18/2022 08/18/22 | Price Changed | $2,298 | -4.2% | $3 / Sq Ft |
| 08/15/2022 08/15/22 | For Rent | $2,398 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB25112358
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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