4651 Cahuenga Blvd North Hollywood, CA 91602
Toluca Lake NeighborhoodEstimated payment $84,177/month
Highlights
- Laundry Room
- Rectangular Lot
- 1-Story Property
About This Home
We are proud to represent this 39 unit property in Toluca Lake.
The property was constructed in 1988. Its unit mix consists of (10) 1+1 units, (12) 1+2 units, (3) 2+1 units, and (14) 2+2 units. With a lot size of 7,798 square feet, the property has a total of 38,043 rentable square feet. There is substantial upside in existing rents and there is a 672 one bedroom one bath leasing office that is not being used that could potentially be converted to an ADU.
The building features fireplaces, balconies, secured parking, central HVAC, a fitness center, outdoor BBQ and a pool. Third floor units have lofts. The building currently has 12 vacancies and are in rent ready condition and a new owner has the opportunity to completely update the units.
Toluca Lake is a tranquil and friendly community, nestled between North Hollywood and Burbank. The neighborhood boasts a shopping district with excellent cocktail bars, sushi restaurants, and homey cafes and diners, all of which give it a manageable yet interesting atmosphere. Toluca Lake’s residential streets have a relaxed feel. The neighborhood’s residents also have quick access to the 134, 101, and 170 freeways.
Listing Agent
Equity Union Brokerage Phone: 818-640-4360 License #00885625 Listed on: 03/24/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1988
Lot Details
- 7,800 Sq Ft Lot
- 1 Common Wall
- Rectangular Lot
Parking
- 35 Car Garage
Home Design
- Apartment
Interior Spaces
- 38,043 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Location
- Urban Location
- Suburban Location
Listing and Financial Details
- Tax Lot 7
- Tax Tract Number 12461
- Assessor Parcel Number 2421019003
- $4,455 per year additional tax assessments
Community Details
Overview
- 39 Units
- Valley
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 39 Separate Electric Meters
- 39 Separate Gas Meters
- 39 Separate Water Meters
- Insurance Expense $30,744
- Professional Management Expense $39,998
- Trash Expense $11,887
- Water Sewer Expense $60,303
- Operating Expense $350,844
- Gross Income $989,988
- Net Operating Income $619,404
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/10/2025 04/10/25 | Pending | -- | -- | -- |
| 03/24/2025 03/24/25 | For Sale | $13,000,000 | 0.0% | $342 / Sq Ft |
| 09/17/2024 09/17/24 | Price Changed | $1,895 | +6.8% | $3 / Sq Ft |
| 08/29/2024 08/29/24 | Price Changed | $1,775 | -7.8% | $3 / Sq Ft |
| 05/21/2024 05/21/24 | Price Changed | $1,925 | +1.6% | $4 / Sq Ft |
| 05/16/2024 05/16/24 | For Rent | $1,895 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25063835
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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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