Views - Adult 55+
Address
4418 Cahuenga Boulevard Toluca Lake, CA
Price
$ 1,599,000
Property Attributes
  • MLS#SR20253590
  • TypeIncome
  • CountyLOS ANGELES
  • CityToluca Lake
  • AreaToluca Lake
  • Zip91602
  • StyleTraditional
  • Price$ 1,599,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
Daniel Drantch with Rodeo Realty
Data Source:
Crisnet
Property Description

THIS IS AN EXCLUSIVE OFFERING IN THE AFFLUENT NEIGHBORHOOD OF TOLUCA LAKE ON A GREAT VISIBILITY STREET. THIS IS A ONE OF a KIND OPPORTUNITY FOR AN ASTUTE INVESTOR WHO REALIZES THE RENTS ARE QUITE A BIT UNDER MARKET (35% + ON 3 OF THE UNITS) ALLOWING ONE THE ABILITY TO INCREASE THE RENT EVERY YEAR EVEN WITH RENT CONTROL. THE UNIT MIX CONSISTS OF ONE -2 BEDROOM UNIT & THREE - 1 BEDROOM UNITS. THE UNITS ARE VERY LARGE, TOTALING APPROXIMATELY 3,110 SQFT OF LIVING SPACE ON A 6,600 SQFT LOT WITH 4 DETACHED COVERED PARKING SPACES IN THE BACK OF THE PROPERTY. ALL THE UNITS ARE SEPARATELY METERED. IT HAS BEEN IMPECCABLY MAINTAINED BY THE OWNERS AND HAS GREAT CURB APPEAL. THERE IS AN ALLEY IN THE REAR OF THE PROPERTY . THE PROPERTY ALLOWS FOR FUTURE DEVELOPMENT BASED ON ITS CURRENT ZONING. A DEVELOPER CAN BUILD UP TO 8 NEW UNITS BY RIGHT AND UP TO 12 NEW UNITS WITH BONUS DENSITY PER THE CITY OF LA. 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 THIS YEAR. VERY RARELY DO YOU SEE A RESIDENTIAL 4 UNIT PROPERTY OF THIS SIZE BECOME AVAILABLE FOR SALE IN SUCH AN EXCELLENT TOLUCA LAKE LOCATION. THE PROPERTY IS LOCATED NEAR TOLUCA LAKE’S MANY RESTAURANTS, STORES, ENTERTAINMENT AND IS CLOSE PROXIMITY TO THE RENOWN TOLUCA LAKESIDE COUNTRY CLUB. SUBMIT!

Price History
12/8/2020 Listed $1,599,000

General Features

Accessibility None
Appliances Disposal, Gas Oven, Gas Range, Gas Water Heater, Water Heater
Architectural Style Traditional
Carport Spaces 4
Carport Y/N Yes
Community Features Curbs, Gutter(s), Street Lights, Sidewalks
Cooling Wall/Window Unit(s)
Exterior Features Awning(s), Rain Gutters
Flooring Carpet, Laminate, Wood
Heating Floor Furnace, Wall Furnace
Levels Two
MLS Area TUL - Toluca Lake
Parking Features Assigned
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Roof Composition
Rooms Living Room, Kitchen
Senior Community Y/N Yes
Sewer Public Sewer
Spa Features None
Terms Cash, Cash to New Loan
Total Actual Rent 5560
Total Units 4
Utilities Electricity Available, Electricity Connected, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
View Mountain(s)
Water Sewer Expense 1360
Zoning LAR3

Interior Features

Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Fireplace Features None
Heating Y/N Yes
Laundry Features None

Exterior Features

Fencing Block
Foundation Details See Remarks
Lot Features Street Level
Lot Size Acres 0.15
Lot Size Area 6599
Lot Size Source Assessor
Lot Size Square Feet 6599
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 1
Road Frontage Type City Street
Road Surface Type Paved
Total Parking 4
View Y/N Yes
Water Source Public

Room Details

Room Dimensions Level Flooring Details
Kitchen
Living Room

Amenities

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

Property vs Zip Code Average in 91602

Price
AVG $2.93M
$1.6M
Visits
AVG 16
28
Year Built
AVG 1949
1940
Walkscore
AVG 71
75
Data Provided by Walkscore ® not using MLS data

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