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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.PROPERTY FEATURES
Sewer: Public Sewer
Water Source: Public
# of Garage Spaces: 35.00
# of Parking Spaces: 35.00
Lot Features: Rectangular Lot
Parcel Identification Number: 2421019003
Year Built Source: Assessor
Common Walls: 1 Common Wall
Laundry Features: Community
Laundry: Has Laundry
Zoning: LARD2
MLSAreaMajor: TUL - Toluca Lake
PROPERTY DETAILS
Street Address: 4651 Cahuenga Boulevard
City: Toluca Lake
State: California
Postal Code: 91602
County: Los Angeles
MLS Number: SR25063835
Year Built: 1988
Courtesy of Equity Union
City: Toluca Lake
State: California
Postal Code: 91602
County: Los Angeles
MLS Number: SR25063835
Year Built: 1988
Courtesy of Equity Union
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