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The Centennial 10555 Bloomfield St 56 Unit Apartment Building $24,000,000 ($428,571/Unit) 5.29% Cap Rate Toluca Lake, CA 91602
Investment Highlights
- Trophy 2023 Construction in Premier Toluca Lake
- Employment Hub with High-Income Demand Drivers
- Strong Market Fundamentals and Limited Future Supply
- Walkable Media District Location
- Luxury Amenity Package Designed for Modern Renters
Executive Summary
Units: 57 (51 Market Rate Plus 6 Designated Affordable) *Building Subject to RSO
Stories: 4 Type V over Type 1 Parking
Gross SF: Gross: 83,061 SF (Building: 50,684 SF & Garage: 32,377 SF)
Rentable: 38,038 SF
Parking: 2 Below Grade Parking Garages (69 Spaces)
Northmarq is delighted to introduce The Centennial Apartments, situated in the prestigious area of Toluca Lake, recognized as one of Los Angeles' most prominent media-adjacent submarkets. This property enjoys direct access to Universal City, North Hollywood, and the Burbank media corridor, where a diverse range of entertainment, healthcare, airport, and professional services contribute to a wide renter demographic. Residents can easily stroll to Universal Studios and Toluca Lake Village along Riverside Drive, which features renowned restaurants and shops, and benefit from various transit options, including the Metro B Line station at Universal Studios that connects north to the NoHo Arts District and south to Downtown LA Union Station.
Riverside Drive serves as the premier commercial artery and "village" epicenter of the affluent Toluca Lake submarket. Characterized by its pedestrian-friendly, tree-lined streetscape, the corridor benefits from high-value synergy with the world’s leading entertainment conglomerates. Its immediate proximity to Warner Bros., Disney, and Universal Studios ensures a consistent daytime population of high-income industry professionals and creative executives, driving demand for upscale retail and high-end lifestyle services.
Stories: 4 Type V over Type 1 Parking
Gross SF: Gross: 83,061 SF (Building: 50,684 SF & Garage: 32,377 SF)
Rentable: 38,038 SF
Parking: 2 Below Grade Parking Garages (69 Spaces)
Northmarq is delighted to introduce The Centennial Apartments, situated in the prestigious area of Toluca Lake, recognized as one of Los Angeles' most prominent media-adjacent submarkets. This property enjoys direct access to Universal City, North Hollywood, and the Burbank media corridor, where a diverse range of entertainment, healthcare, airport, and professional services contribute to a wide renter demographic. Residents can easily stroll to Universal Studios and Toluca Lake Village along Riverside Drive, which features renowned restaurants and shops, and benefit from various transit options, including the Metro B Line station at Universal Studios that connects north to the NoHo Arts District and south to Downtown LA Union Station.
Riverside Drive serves as the premier commercial artery and "village" epicenter of the affluent Toluca Lake submarket. Characterized by its pedestrian-friendly, tree-lined streetscape, the corridor benefits from high-value synergy with the world’s leading entertainment conglomerates. Its immediate proximity to Warner Bros., Disney, and Universal Studios ensures a consistent daytime population of high-income industry professionals and creative executives, driving demand for upscale retail and high-end lifestyle services.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $24,000,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $428,571 | Building Class | A |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 5.29% | Building Size | 83,061 SF |
| No. Units | 56 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
| Zoning | R4-1XL - R4-1XL - RIO | ||
| Price | $24,000,000 |
| Price Per Unit | $428,571 |
| Sale Type | Investment |
| Cap Rate | 5.29% |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.43 AC |
| Building Size | 83,061 SF |
| No. Stories | 4 |
| Year Built | 2023 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | R4-1XL - R4-1XL - RIO |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Ceiling Fans
- Stainless Steel Appliances
- Walk-In Closets
Site Amenities
- Business Center
- Clubhouse
- Courtyard
- Fitness Center
- Grill
- Media Center/Movie Theatre
- Storage Space
- Car Charging Station
- Elevator
- Multi Use Room
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $2,195 | 359 |
| 1+1 | 44 | $2,731 | 596 - 609 |
| 2+1 | 11 | $3,145 | 941 - 943 |
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Contacts
-
Brent Sprenkle -
Mike Smith -
Tommy Yates -
James Fisher -
Vince Norris -
Billy Phan -
Northmarq
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The Centennial | 10555 Bloomfield St
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