Additional details
Listed by David Nalbandyan • LA Premier Realty
$8,500,000
Est. payment /mo
16,956 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 16,956 sqft
Price per Sqft $501
MLS Listing ID CRBB25224752
HOA Y/N No
Year Built 1986
Lot Size 0.303 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
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 parkin
Location
State CA
County Los Angeles
Interior
Cooling Central Air
Fireplace No
Laundry Other
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Vicky Van Brocklin
Broker | License ID: 01512910
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