4406 Cahuenga Boulevard
Toluca Lake, CA 91602
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
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 Control
Prime Toluca Lake Location – Walkable to shops, dining, and services
Strong Unit Mix – All units fully renovated within the last 4 years
Tenant-Paid Utilities – Low operating expenses for ownership
Current CAP Rate: 5.12%
ADU Upside: Approved plans in place for 3 Accessory Dwelling Units
ADUs 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.
| 2 months ago | Listing first seen on site | |
| 2 months ago | Listing updated with changes from the MLS® |
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
