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4651 Cahuenga Blvd
North Hollywood, CA 91602
Multifamily Property For Sale
·
39 Units
Investment Highlights
- 39 units in prime Toluca Lake Location
- Excellent unit mix of (10) 1+1 units, (12) 1+2 units, (3) 2+1 units, and (14) 2+2 units. All units on 3rd floor have lofts. Upside in existing rents
- Property has a 4.315 fixed rate loan in the approximate amount of $5,300,000 fixed until October 2027
- Property was built in 1988 and subject to to AB 1482 rent control
- 12 units are currently vacant and are in rent-ready condition. Buyer has the option to reduce expenses by implementing a RUBS program
- Property features fireplaces, balconies, secured parking, central HVAC units, fitness center, BBQ, pool, and onsite laundry
Property Facts
| No. Units | 39 | Building Size | 38,043 SF |
| Property Type | Multifamily | Average Occupancy | 82% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1988 |
| Building Class | C | Parking Ratio | 2.08/1,000 SF |
| Lot Size | 0.36 AC | ||
| Zoning | R4-1, Los Angeles | ||
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 38,043 SF |
| Average Occupancy | 82% |
| No. Stories | 4 |
| Year Built | 1988 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | R4-1, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Kitchen
- Range
Site Amenities
- Fitness Center
- Laundry Facilities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 550 |
| 1+2 | 12 | - | 640 |
| 2+1 | 3 | - | 800 |
| 2+2 | 14 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,462,074 | |
| Land Assessment | $7,808,630 | Total Assessment | $12,270,704 |
Property Taxes
Parcel Numbers
Land Assessment
$7,808,630
Improvements Assessment
$4,462,074
Total Assessment
$12,270,704
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