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Toluca Lake Apartments 4406 Cahuenga Blvd 18 Unit Apartment Building $8,250,000 ($458,333/Unit) 5.17% Cap Rate Toluca Lake, CA 91602
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Investment Highlights
- Rare, stabilized asset with significant upside potential through the addition of ADUs, offering both immediate cash flow and long-term growth.
- Toluca Lake Apartments features a strong, recently renovated unit mix, including lofts and 2- and 3-bedroom units with balconies and fireplaces.
- Not subject to the LA City Rent Stabilization Ordinance (RSO), offering investors greater freedom to adjust rents and maximize long-term returns.
- Highly sought-after Toluca Lake location, walkable to shops, dining, and services, and quick access to the Ventura (134) and 101 Freeways.
Executive Summary
LA Premier Realty is 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.
Toluca Lake Apartments at 4406 Cahuenga Boulevard is a well-maintained 18-unit apartment complex, built in 1986. All units have been fully renovated over the last 4 years, featuring new flooring, stainless steel appliances, quartz countertops, and modern cabinetry. With intuitive floor plans with balconies, fireplaces, abundant natural light, and ample in-unit storage, this residential address is perfect for families of any size. The tenant pays utilities, which keeps operating costs low for ownership.
Approved plans are in place for three Accessory Dwelling Units (ADUs). These ADUs aim to repurpose the underutilized storage/spa areas with no impact to the on-site parking.
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.
This offering 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 5.2% CAP rate (13.31 GRM), the property also includes three RTI-approved ADU plans, offering immediate upside potential through increased cash flow and additional unit development.
Toluca Lake Apartments at 4406 Cahuenga Boulevard is a well-maintained 18-unit apartment complex, built in 1986. All units have been fully renovated over the last 4 years, featuring new flooring, stainless steel appliances, quartz countertops, and modern cabinetry. With intuitive floor plans with balconies, fireplaces, abundant natural light, and ample in-unit storage, this residential address is perfect for families of any size. The tenant pays utilities, which keeps operating costs low for ownership.
Approved plans are in place for three Accessory Dwelling Units (ADUs). These ADUs aim to repurpose the underutilized storage/spa areas with no impact to the on-site parking.
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.
This offering 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 5.2% CAP rate (13.31 GRM), the property also includes three RTI-approved ADU plans, offering immediate upside potential through increased cash flow and additional unit development.
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Financial Summary (Actual - 2025) 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 - 2025) 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 | $8,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $458,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 5.17% | Building Size | 15,868 SF |
| Gross Rent Multiplier | 13.31 | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 2.12/1,000 SF |
| Zoning | LAR3 - Limited Multiple Residence | ||
| Price | $8,250,000 |
| Price Per Unit | $458,333 |
| Sale Type | Investment |
| Cap Rate | 5.17% |
| Gross Rent Multiplier | 13.31 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 15,868 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1986 |
| Parking Ratio | 2.12/1,000 SF |
| Zoning | LAR3 - Limited Multiple Residence |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Smoke Free
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $2,345 | 850 |
| 1+2 | 2 | $2,500 | 850 |
| 2+2 | 9 | $2,650 | 834 - 900 |
| 3+2 | 4 | $3,350 | 1,000 |
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2424-002-045 | Total Assessment | $5,814,000 |
| Land Assessment | $3,060,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,754,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
2424-002-045
Land Assessment
$3,060,000
Improvements Assessment
$2,754,000
Total Assessment
$5,814,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Toluca Lake Apartments | 4406 Cahuenga Blvd
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