Toluca Woods Adj. Fourplex
A rare, non-rent controlled 2017 construction fourplex in prime NoHo Arts/Toluca Woods Adj. at an unheard-of low price of $2,595,000! The property boasts outstanding rents and an unbeatable current cap rate of 5.48%. The rental market in NoHo/Toluca Lake area is on fire, attracting massive activity due to low rental inventory. A+ residential area + high return = recipe for success!
List Price:
Cap Rate:
GRM:
Bldg. Size:
Unit Mix:
Highlights:
$2,595,000
5.48% (current)
13.70 (current)
5,815 sqft
2x 3b/2.5b
2x 3b/2b
Rare Toluca Woods Adj. location
Quiet residential street
Outstanding current rents
High return
Lowest price per door & per sqft
No rent control
Separately metered utilities
Four 2-car garages
Countless balconies/patios
Perfect 1031 exchange option
Well-kept landscaping
Click to View Photos
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The Neighborhood
>10-Minute Walk
Moby's Coffee & Tea Co., The Good Nite, The Bullet Bar, the Chandler Bike Path, The Iliad Book Shop, Mucho Mas, Cahuenga General Store, In the Mix Recording Studios
>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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Impossibly low price tag for a newer construction fourplex!
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Low maintenance, fully stabilized property.
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Current cap rate of 5.48%! Outstanding rents! Excellent tenants!
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All units separately metered for gas, electric AND water!
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No rent control!!
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Sleek, modern units with open floor plans & bright, cheerful design!
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Four 2-car garages accessed from a convenient back alley. IDEAL parking!
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Tons of large balconies and patio areas.
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Unbeatable Toluca Woods Adj./NoHo location just moments to an unlimited supply of restaurants, shops, businesses and more!
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All 3 bedroom units! Highly rentable!
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Quiet tenants that diligently pay rent!
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Situated in the hottest rental market in the Valley!
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Washer/dryers in each unit!
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With SB-8 in effect, less fourplexes are being built, making properties like these an even more rare and hot commodity.
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New construction fourplexes are in impossibly short supply right now, especially ones in premium locations such as this one!