Property Detail

Description

Welcome to Toluca Lake, North Hollywood - Where creativity meets the community. This meticulously maintained 4 unit with three large 2bdrm/2bath townhouse style two story units and one large 1bdrm 2nd level unit is complete with upgrades including newer appliances, laminated flooring, AC, water heaters and washer and dryers in each unit. Located just minutes from some of the world's most iconic studios - Universal, Warner Bros., ABC and Walt Disney - ideal for entertainment professionals and creatives alike. Just steps away is the NoHo Arts District that brings a dynamic energy, with theaters, galleries, boutique stores, restaurants and live performance spaces. There is plenty of on-site parking with 8 covered spaces - 2 for each 2bdrm unit, 1 for the 1bdrm and 1 for guest parking. Immediate upside in rental income with annual overdue rental increases for the 2bdrm units. With strong rental demand, walkable amenities and an unbeatable location near major studios, this is more than just a 4 plex, it's a long-term investment in one of LA's most resilient submarkets. A prime location that is within minutes of the local freeway system with access to the CA-101, 134, 101 and a 10-minute drive to the 405 frwy. Seller's intention is to perform a IRC 1031 Exchange with exchange properties already identified.