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.
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.
Property Details
Price:
$13,000,000
MLS #:
SR25063835
Status:
Pending
Baths:
0
Address:
4651 Cahuenga Boulevard
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
tultolucalake
City:
Toluca Lake
Listed Date:
Mar 24, 2025
State:
CA
ZIP:
91602
Lot Size:
7,800 sqft / 0.18 acres (approx)
Year Built:
1988
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Schools
Interior
Laundry Features
Community
Exterior
Community Features
Suburban, Urban, Valley
Parking Spots
35.00
Financial
Map
Community
- Address4651 Cahuenga Boulevard Toluca Lake CA
- AreaTUL – Toluca Lake
- CityToluca Lake
- CountyLos Angeles
- Zip Code91602
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4651 Cahuenga Boulevard
Toluca Lake, CA
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