4624 Cahuenga Boulevard

Toluca Lake, CA 91602

$10,750,000
Price
62
Beds
62
Baths
35,860 Sq. Ft.
$300 / Sq. Ft.
35,860
Sq. Ft.
$300
per Sq. Ft.

Description

We are proud to present this rare opportunity to own a 32-unit apartment building located in a prime Toluca Lake location. Built in 1968, the property is subject to LA City Rent Control. The building features an excellent unit mix with 30 two-bedroom, two-bath units and 2 one-bedroom, one-bath units. Each apartment offers spacious floorplans, central A/C & heat and attractive finishes to add to the desirability of the property. The property offers residents attractive amenities such a pool, courtyard,...We are proud to present this rare opportunity to own a 32-unit apartment building located in a prime Toluca Lake location. Built in 1968, the property is subject to LA City Rent Control. The building features an excellent unit mix with 30 two-bedroom, two-bath units and 2 one-bedroom, one-bath units. Each apartment offers spacious floorplans, central A/C & heat and attractive finishes to add to the desirability of the property. The property offers residents attractive amenities such a pool, courtyard, gym, BBQ area, intercom access, on-site laundry facility and plenty of subterranean and open parking (66 Spaces total). Additionally, there is leasing office at the property which helps the owner, manager and tenants facilitate the best living and management experience possible. In addition to the desirable features of the property, residents benefit from an excellent location that provides easy access to endless shopping, dining and entertainment options of Universal Studios, Universal City, and busy thoroughfare of Ventura Blvd. This is a unique opportunity to acquire a very well-located asset with long term ownership and significant upside potential.
  1. Listed by Brett Sanson • DRE #01387480 • Brokerage DRE #01238010 • Marcus & Millichap
  2. Listed by Jeffrey Louks • DRE #00908473 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 4624 Cahuenga Boulevard

Zoning
LAR3
Parcel Number
2420032012
Total Units
32.0
Living Area
35860
Source Living Area
Assessor
Area
Toluca Lake (TUL)
Vacancy Rate
0
Lot Size Area
31509
LISTING UPDATED: 10/02/2024 12:01 AM

Property Details for 4624 Cahuenga Boulevard

StatusActive
MLS #24-445033
Days on Market93
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1968
Lot Size0.72 AC / 31,509 SF
CountyLos Angeles County

Building Information for 4624 Cahuenga Boulevard

Stories3Residences-Year Built1968Building Size-Lot Size0.72 AC / 31,509 SF

Property Information for 4624 Cahuenga Boulevard

Community / Development
Community / Development
  • Number Of Units: 32
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $753,861
  • Net Operating Income: $432,317.00
  • Gross Income: $777,336
  • Cap Rate: 4.02%
  • Gross Rent Multiplier: $13.83
  • Total Annual Expense: 325144
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.7233
  • Lot Size Square Feet: 31509
Parking Details
Parking Details
  • Parking Garage: Gated, Covered Parking, Uncovered
  • Total Parking: 32
  • Parking Features: Gated, Covered, Uncovered
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Range/Oven
  • Laundry: Community
Exterior Features
Exterior Features
  • Pool: Yes
  • Private Pool: No
  • Pool Description: Community
  • Pool Features: Community
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-25-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,785.00
  • Unit Actual Rent: $3,570.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,040.00
  • Unit Actual Rent: $61,208.00
  • Unit Projected Rent: $81,000.00
  • Like Units: 30
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $3,628,093.00
  • Assessed Improvement Percent: 60.0
  • Assessed Land Value: $2,418,722.00
  • Assessed Land Percent: 40
  • Assessed Total Value: $6,046,815.00

Property History for 4624 Cahuenga Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4624 Cahuenga Boulevard

Taxable ValueLand$2,467,096Additions$3,700,654Total$6,167,750
Tax Record2024$79,933 ($6,661 / month)
Home Facts
Total Finished SqFt35,860 SqFtAbove Grade Finished SqFt35,860 SqFtLot Size31,499 SqFtStyleMulti-Family Res (5+ Units)Year Built1968ZoningLAR3CountyLOS ANGELESAPN2420-032-012

Schools near 4624 Cahuenga Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Toluca Lake Elementary School
PublicK to 5

Walter Reed Middle School
Public6 to 8

East Valley Senior High School
Public9 to 12

Science Academy STEM Magnet
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4624 Cahuenga Boulevard is a multi-family home for sale in Toluca Lake, CA 91602. This property was listed for sale on September 24, 2024 by Marcus & Millichap, it's currently listed at $10,750,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Toluca Lake Elementary School, Walter Reed Middle School and East Valley Senior High School. 4624 Cahuenga Boulevard is a 62-bed, 62-bath, 35,860 sqft multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Brett Sanson, DRE #01387480; Marcus & Millichap, Jeffrey Louks, DRE #00908473

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.