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4406 Cahuenga Boulevard, Toluca Lake, CA 91602

Local realty services provided by:CENTURY 21 Cornerstone
4406 Cahuenga Boulevard,Toluca Lake, CA 91602
$8,500,000
  • - Beds
  • - Baths
  • 16,956 sq. ft.
  • Multi-family
  • Active
Listed by: david nalbandyan
Office: la premier realty
MLS#:BB25224752
Source:CRMLS

Price summary

  • Price:$8,500,000
  • Price per sq. ft.:$501.3

About this home

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

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Home facts

  • Year built:1986
  • Listing ID #:BB25224752
  • Added:238 day(s) ago
  • Updated:December 19, 2025 at 12:14 PM

Rooms and interior

  • Living area:16,956 sq. ft.

Heating and cooling

  • Cooling:Central Air

Structure and exterior

  • Year built:1986
  • Building area:16,956 sq. ft.
  • Lot area:0.3 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$8,500,000
  • Price per sq. ft.:$501.3
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Cornerstone is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Cornerstone, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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