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Toluca Lake,CA 91602
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB25112358
Year Built 1986
Lot Size 0.303 Acres
Source California Regional MLS
Property Description
We are 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. This well-maintained 18-unit apartment complex, built in 1986, 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 5.12% CAP rate, the property also includes THREE RTI-APPROVED ADU plans, offering immediate upside potential through increased cash flow and additional unit development. 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. Investment Highlights: Year Built: 1986 - Exempt from LA City Rent Control Prime Toluca Lake Location - Walkable to shops, dining, and services Strong Unit Mix - All units fully renovated within the last 4 years Tenant-Paid Utilities - Low operating expenses for ownership Current CAP Rate: 5.12% ADU Upside: Approved plans in place for 3 Accessory Dwelling Units ADUs repurpose underutilized storage/spa areas (no impact to parking) Pro forma CAP Rate post-ADUs pr
Location
State CA
County Los Angeles
Area Tul - Toluca Lake
Interior
Cooling Central AC
Laundry Laundry Area
Exterior
Garage Spaces 18.0
Pool None
Building
Water District - Public
Others
Tax ID 2424002045
Special Listing Condition Not Applicable