Property Detail

Description

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 Unit Mix – All units fully renovated within the last 4 years Tenant-Paid Utilities – Low operating expenses for ownership Current CAP Rate: 5.2%, Current GRP : 13.48 ADU Upside: Approved plans in place for 3 Accessory Dwelling Units ADUs repurpose underutilized storage/spa areas (no impact to parking) Pro forma CAP Rate post-ADUs projected to exceed 6.0% This is a rare, stabilized asset with significant upside potential through the addition of ADUs—offering both immediate cash flow and long-term growth.