54
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Listed by Cindy Hill • Equity Union
$13,000,000
Est. payment /mo
7,800 Sqft Lot
Pending
4651 Cahuenga BLD Toluca Lake, CA 91602
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Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRSR25063835
Originating Board California Regional MLS
Year Built 1988
Lot Size 7,800 Sqft
Property Description
We are proud to represent this 39 unit property in Toluca Lake. The property was constructed in 1988. Its unit mix consists of (10) 1+1 units, (12) 1+2 units, (3) 2+1 units, and (14) 2+2 units. With a lot size of 7,798 square feet, the property has a total of 38,043 rentable square feet. There is substantial upside in existing rents and there is a 672 one bedroom one bath leasing office that is not being used that could potentially be converted to an ADU. The building features fireplaces, balconies, secured parking, central HVAC, a fitness center, outdoor BBQ and a pool. Third floor units have lofts. The building currently has 12 vacancies and are in rent ready condition and a new owner has the opportunity to completely update the units. Toluca Lake is a tranquil and friendly community, nestled between North Hollywood and Burbank. The neighborhood boasts a shopping district with excellent cocktail bars, sushi restaurants, and homey cafes and diners, all of which give it a manageable yet interesting atmosphere. Toluca Lake's residential streets have a relaxed feel. The neighborhood's residents also have quick access to the 134, 101, and 170 freeways.
Location
State CA
County Los Angeles
Area Tul - Toluca Lake
Interior
Laundry Community Facility
Exterior
Garage Spaces 35.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 2421019003
Special Listing Condition Not Applicable
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