Toluca Lake
Fourplex
RARE fourplex in ACTUAL Toluca Lake. One of very few new constructions in this A+++, celebrity studded area. This fully stabilized fourplex boasts high quality tenants, no rent control, all appliances included, separate meters, and large units with excellent floorplans. Not to mention, impossible to find opportunity to buy a newer construction fourplex for under $3 million. Best price per SF and price per unit in town!
List Price:
Cap Rate:
GRM:
Bldg. Size:
Unit Mix:
Highlights:
$2,895,000
4.53% (current)
4.81% (pro forma)
16.36 (current)
15.46 (pro forma)
6,179 sqft
4x 3b/2.5b
Rare Toluca Lake location
Lowest price per door & per sqft
No rent control
Massive units
Premium floorplans
Major upside
Perfect 1031 exchange option
Two 2-car garages
Four partially covered spaces
Countless balconies
Well-kept landscaping
Click to View Photos
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The Neighborhood
>10-Minute Walk
Chandler Bike Path, Ralphs, Tatsu Sushi, The Magnolia Grille, Toluca Lake Elementary, The Iliad Book Shop, The Road Theatre, Walgreens, Starbucks, NoBAR, Yogurtland, Amsterdam Café
>10-Minute Drive
Universal Studios, HaHa Comedy Club, Trader Joe’s, Sushi Yuzu, The Counter, Coffee Bean, Aeirloom Bakery, Catcher In The Rye, Ca Del Sole, Idle Hour, Sweetsalt Food Shop, Tiki No Bar
>$10 Uber Ride
Amazon Fresh, Starbucks, Patys, Lemonade, Something Vegan, Tocaya, Sweetgreen, Robeks, Veggie Grill, Bob’s Big Boy, Hanks Bagels, Priscilla’s, Mendocino Farms, Magnolia Park
Submit your offers now!
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One of a very small handful of new constructions located in the confines of actual “Toluca Lake”. This celebrity-studded area has very minimal apartment inventory and high demand.
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Lowest price per door and price per SF in all of NoHo/Toluca Lake!
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Exceptional current cap rate of 4.53% + plentiful upside. We project a conservative pro forma cap rate of 4.81%.
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No rent control!
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Friendly, outstanding tenants that all pay rent promptly and make ownership easy!
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Enormous property (a whopping 6,179 square feet not including garage space) with beautifully designed, open floorplans.
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Features two 2-car garages and four partially covered spots accessed from a convenient alley.
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Property comes fully loaded with stainless steel kitchen appliances and washers and dryers!
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Dream 1031 exchange opportunity. Ready to close ASAP!
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All units separately metered for gas, electric AND water! Microscopic expenses!
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Unbeatable Toluca Lake location walking distance to an unlimited supply of restaurants, shops, businesses and more.
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With SB-8 in effect, we expect less fourplexes will be built, making properties like these an even more rare and hot commodity.