Prime Toluca Lake - 9.92 GRM & 6.01% CAP 4258 Cahuenga Blvd
16 Unit Block of Flats £2,121,102 (£132,569/Unit) 6.01% Net Initial Yield North Hollywood, CA 91602
INVESTMENT HIGHLIGHTS
- GREAT Unit Mix consisting of 4 1BR/1BA Units, 8 Studios and Four Bachelors
- UNITS consisting of average size of 524 SF
- WALK SCORE of 76 “Very Walkable” adjacent to an array of Fine Dining, Shopping and Entertainment Options
- OFFERING LOCATED in a desirable rental market of Toluca Lake with an ideal renter profile
- VALUE ADD investment opportunity with approximately 24% upside in rent
- ABILITY TO ADD multiple ADU's by converting Garage Spaces (*To Check With City)
EXECUTIVE SUMMARY
Located in the heart of Toluca Lake, 4258 Cahuenga Blvd is a well maintained 16-unit multifamily property offering both stability and upside potential in a prime rental market. Built in 1923, the property consists of (4)one-bedroom/one-bath units, (8) studio units, and (4) bachelor units, catering to a diverse tenant base. The building spans 8,878 square feet on a 7,103 square foot. Additionally, the property features on-site laundry facilities, enhancing tenant convenience.
This asset presents a compelling opportunity for long-term investors, combining immediate cash flow with future value-add potential. Strategically located just minutes from Universal Studios, Ventura Blvd, and major employment hubs, the property benefits from high demand and consistent rental appreciation.
The surrounding neighborhood is known for its charming residential feel, excellent walkability, and proximity to top-tier dining and entertainment options. With a strong in-place income, potential for rent growth, and a highly desirable location, 4258 Cahuenga Blvd is a rare chance to acquire a prime multifamily asset in one of Los Angeles’ most sought-after submarkets.
This asset presents a compelling opportunity for long-term investors, combining immediate cash flow with future value-add potential. Strategically located just minutes from Universal Studios, Ventura Blvd, and major employment hubs, the property benefits from high demand and consistent rental appreciation.
The surrounding neighborhood is known for its charming residential feel, excellent walkability, and proximity to top-tier dining and entertainment options. With a strong in-place income, potential for rent growth, and a highly desirable location, 4258 Cahuenga Blvd is a rare chance to acquire a prime multifamily asset in one of Los Angeles’ most sought-after submarkets.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | £2,121,102 |
| Price Per Unit | £132,569 |
| Sale Type | Investment |
| Net Initial Yield | 6.01% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 9.92 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,878 SF |
| Average Occupancy | 88% |
| Number of Floors | 2 |
| Year Built | 1923 |
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 12 | £1,311 | 500 - 550 |
| 1+1 | 4 | £1,543 | 650 |
1 of 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 2424-014-003 | Total Assessment | £578,612 |
| Land Assessment | £480,591 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £98,021 | Tax Year | 2024 |
ZONING
| Zoning Code | LARD1.5 |
