Views
Address
4418 Cahuenga Boulevard Toluca Lake, CA
Price
$ 1,599,000
Property Attributes
  • MLS#SR20137674
  • TypeContingent
  • CountyLOS ANGELES
  • CityToluca Lake
  • AreaToluca Lake
  • Zip91602
  • Style
  • Price$ 1,599,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,599 SqFt
Listing Provided Courtesy Of:
Daniel Drantch - BRE#00900188 with Rodeo Realty
Data Source:
Crisnet - 313 - CA
Property Description

NEW PRICE! THIS IS AN EXCLUSIVE OFFERING IN THE AFFLUENT NEIGHBORHOOD OF TOLUCA LAKE ON A GREAT VISIBILITY STREET. THIS IS A ONE OF KIND OPPORTUNITY FOR AN ASTUTE INVESTOR OR DEVELOPER WHO WANTS TO BUILD A NEW APARTMENT BUILDING ON A PRIME SITE SURROUNDED BY LOTS OF NEW CONSTRUCTION. THIS PROPERTY SITS ON A 6,600 SQUARE FOOT LOT WITH A 20 FOOT ALLEY IN THE REAR. IT IS ZONED R3-1 WHICH ALLOWS FOR UP TO 8 BRAND NEW UNITS TO BE BUILT ON THE SITE BY RIGHT. IN ADDITION THROUGH BONUS DENSITY YOU MAY BE ABLE TO BUILD UP TO 12 UNITS ON THE SITE. THERE IS A LOT OF NEW CONSTRUCTION IN THE AREA INCLUDING A BRAND NEW 10 UNIT APARTMENT BUILDING TWO DOORS DOWN AND ANOTHER 5 UNIT CONDOMINIUM BUILDING AROUND THE CORNER. THERE ARE PLANS FOR A NEW 57 UNIT APARTMENT BUILDING JUST DOWN THE STREET THAT IS GOING TO BEGIN CONSTRUCTION SOMETIME THIS SUMMER. THERE ARE NO ENTITLEMENTS FOR NEW CONSTRUCTION ON THIS SITE. THE PROPERTY IS CURRENTLY IMPROVED WITH A 4 UNIT APARTMENT BUILDING THAT IS UNDER RENT CONTROL AND FULLY OCCUPIED. DO NOT MISS OUT ON THIS GREAT OPPORTUNITY AS THIS IS THE ONLY APARTMENT DEVELOPMENT SITE ON THE MARKET IN TOLUCA LAKE. SUBMIT ALL OFFERS!!

Price History
7/15/2020 Listed $1,650,000
9/26/2020 4% - $1,599,000

General Features

Community Features Curbs, Gutter(s), Street Lights, Sidewalks
Listing Agent Daniel Drantch - BRE#00900188
Listing Agent State License 00900188
MLS Area TUL - Toluca Lake
Property Type Land
Sewer Public Sewer
Special Listing Conditions Standard
Status Active Under Contract
Terms Cash, Cash to New Loan, 1031 Exchange
Utilities Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Available, Water Connected
View Mountain(s)
Zoning LAR3

Exterior Features

Fencing Stone, Wood
Lot Features Level, Rectangular Lot, Street Level, Value In Land
Lot Size Acres 0.15
Lot Size Area 6599
Lot Size Source Assessor
Lot Size Square Feet 6599
Lot Size Units Square Feet
View Y/N Yes
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 91602

Price
AVG $1.45M
$1.6M
Visits
AVG 64
103
Walkscore
AVG 78
75
Data Provided by Walkscore ® not using MLS data

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