4418 Cahuenga Blvd., Toluca Lake, CA 91602 - SR20134156 - iPro Real Estate
iPro Real Estate

iPro Real Estate

4418 Cahuenga Blvd.
Toluca Lake, CA 91602

Canceled, Multi-Family/Income Sale

For Sale

$1,599,000 $242.31 per sqft

Free Professional CMA

Listing ID : CNSR20134156

  • Lot Size

    6,599 Sqft
  • Year

    1940

Description

NEW PRICE! THIS IS AN EXCLUSIVE OFFERING IN THE AFFLUENT NEIGHBORHOOD OF TOLUCA LAKE ON A GREAT VISIBILITY STREET. THIS IS A ONE OF a KIND OPPORTUNITY FOR AN ASTUTE INVESTOR WHO REALIZES THE RENTS ARE QUITE A BIT UNDER MARKET (35% + ON 3 OF THE UNITS) ALLOWING ONE THE ABILITY TO INCREASE THE RENT EVERY YEAR EVEN WITH RENT CONTROL. THE UNIT MIX CONSISTS OF ONE -2 BEDROOM UNIT & THREE - 1 BEDROOM UNITS. THE UNITS ARE VERY LARGE, TOTALING APPROXIMATELY 3,110 SQFT OF LIVING SPACE ON A 6,600 SQFT LOT WITH 4 DETACHED COVERED PARKING SPACES IN THE BACK OF THE PROPERTY. ALL THE UNITS ARE SEPARATELY METERED. IT HAS BEEN IMPECCABLY MAINTAINED BY THE OWNERS AND HAS GREAT CURB APPEAL. THERE IS AN ALLEY IN THE REAR OF THE PROPERTY . THE PROPERTY ALLOWS FOR FUTURE DEVELOPMENT BASED ON ITS CURRENT ZONING. A DEVELOPER CAN BUILD UP TO 8 NEW UNITS BY RIGHT AND UP TO 12 NEW UNITS WITH BONUS DENSITY PER THE CITY OF LA. THERE IS A LOT OF NEW CONSTRUCTION IN THE AREA INCLUDING A BRAND NEW 10 UNIT APARTMENT BUILDING TWO DOORS DOWN AND ANOTHER 5 UNIT CONDOMINIUM BUILDING AROUND THE CORNER. THERE ARE PLANS FOR A NEW 57 UNIT APARTMENT BUILDING JUST DOWN THE STREET THAT IS GOING TO BEGIN CONSTRUCTION THIS YEAR. VERY RARELY DO YOU SEE A RESIDENTIAL 4 UNIT PROPERTY OF THIS SIZE BEC

Details

Type: Multi-Family/Income Sale 
Subdivision: Tul - Toluca Lake 
MLS Area: TUL - Toluca Lake 
County: Los Angeles 
Tax ID: 2424002002
Cap Rate: 2.45% 
Gross Rent Multiplier: 23.97 
Access Features: None 
Amenities: Awnings 
Flooring: Laminate 
Foundation: Other 
Kitchen: Garbage Disposal, Oven - Gas, Oven Range - Gas, Other 
Laundry: None 
Number of Buildings: 1 
Number of Units: 4 
Parking Spaces: 4 
Property Type: Commercial Sale 
Roof: Composition 
Style: Traditional 
Sub Type: Fourplex 
View: Hills 
Water: District - Public, Hot Water 

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Interactive

34.150982 -118.36129 $1,599,000 SR20134156
4418 Cahuenga Blvd., Toluca Lake, CA 91602
Directions to here from:

Area Information 91602

Population:

17,268 Up .01% since 2010
Average Income:
$103,078
Average Age:
39Years
Gender:
49.84%Male
50.16%Female
Households:
9,06015.5% with children
Average Value:
$1,171,821
Occupancy:
33.79%Owned
66.21%Rented
7.38%Vacant
Education:
13.28%High School
6.54%Associate
38.72%Bachelor
14.2%Graduate
Average Residency:
18Years
Crime Rate:
Above Average
Annual Rainfall:
18.01Inches
Earthquake Risk:
Very High
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Below Average

Tax Assessments

Value

  • Land $902,026
  • Improvements $371,422

  • Total $1,273,448

Property Tax

  • 2020 $15,752

History

Date Transaction Price Mortgage Amt & Lender
Date
Sep 02, 2021
Transaction
Sold - Residential Income (2-4 units)CNSR20253590
Price
$1,515,000
Mortgage Amt & Lender
- -
Date
Jan 17, 2021
Transaction
Canceled - Residential Income (2-4 units)CNSR20134156
Price
$1,599,000
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Daniel Drantch with Rodeo Realty

Based on information from the MLSListings MLS) as of 12/6/2021. 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.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 12/6/2021. 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. ©2021 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes