4406 Cahuenga Blvd

01-19-2023
03-28-2023

4406 Cahuenga Blvd, North Hollywood, CA 91602

  • Built in 1986 - Not Subject to LA City RSO
  • Excellent Location In Affluent Toluca Lake
  • Remaining Upside With All Units Recently Renovated
  • Outstanding Unit Mix - 72% 2 and 3-Bedroom Floorplans

Property Description

Northmarq is pleased to present the 4406 Cahuenga Apartments located in the affluent neighborhood of Toluca Lake. The Property is only minutes from NBC Universal, Universal Studios, Warner Brothers Lot, the Metro Red Line (to Downtown LA), and the Toluca Lake Shopping district, which includes a Trader Joes market. Built in 1986 the property is not subject to LA City rent control. The property features 1, 1+Loft,2, and 3-bedroom floorplans that average over 800 square feet. The outstanding unit mix is 72% 2, and 3-bedroom floorplans.
Remaining upside with all units recently renovated. All 18 units include the following features: Quartz stone counter tops, stainless steel appliances including dishwashers, brushed nickel fixtures, ceiling fans, recessed lighting, and hardwood style flooring with carpeted bedrooms. All units feature gas fireplaces, and offer a private patio or balcony.

Outstanding location in the affluent Toluca Lake submarket. Residents of 4406 Cahuenga have immediate access to hundreds of major employers and thousands of high paying entertainment job opportunities via major transit routes, including the 134 Freeway, Route 101, and Lankershim Boulevard.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily Type
Garden Style
Price
$ 7,995,000
No. of Units
18
Cap Rate
5.2%
GRM / GIM
13.63
Year Built
1986
Year Renovated
0
Building Size
15,868 Sq Ft
Lot Size
13,201 Sq Ft
No. of Stories
2
Opportunity Zone
No
Price Per Unit
$ 444,167
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34.150886, -118.36115

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