Twitter
Facebook
Email
|
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 5.2% CAP rate (13.48 GRM), 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: 5.2%, Current GRP : 13.48 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 projected to exceed 6.0% This is a rare, stabilized asset with significant upside potential through the addition of ADUs"”offering both immediate cash flow and long-term growth.
| DAYS ON MARKET | 1 | LAST UPDATED | 9/25/2025 |
|---|---|---|---|
| YEAR BUILT | 1986 | COMMUNITY | TUL - Toluca Lake |
| GARAGE SPACES | 18.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | TUL - Toluca Lake |
| FIREPLACE | Yes |
| GARAGE | Yes |
| LOT | 0.3031 acre(s) |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3 |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 9/25/25 8:27 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.