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Christopher Rizzotti
DRE#: 01298167
Burbank, CA 91505
818-262-5446

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Listing 17 out of 33
Sold for $1,550,000 Sold

4366 Cahuenga Boulevard
Toluca Lake, CA 91602

4 units | Multi Family Home
7035 sq ft lot - MLS# SR18288978
Property Photo

Sold

Sold for $1,550,000 on May 21, 2019

Description

Opportunity is knocking! Superb Toluca Lake location. Four unit apartment building on corner lot. All units are one bedroom + one bath. Built in the 1940’s these charming units include hardwood floors, tile counter tops, and patios. Zoning is R4 and two adjacent properties to the north of this address are also available for sale and can be purchase together. This property is located in the sought after, celebrity-packed city of Toluca Lake. Both rental and residential sale markets are unbeatable in this area. The property is minutes from Universal and Burbank Studios, Toluca Lake Village with an abundance of restaurants and stores, the NoHo Arts District, Tujunga Village, and Studio City’s main hub at Ventura Blvd and Laurel Canyon. Do not disturb occupants. Do not walk the property.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $1,550,000
  • Zip Code: 91602
  • Year Built: 1941
  • Style: Traditional
  • Stories: One
  • Units: 4 units
  • # of Parking Spaces: 4.00
  • Lot Size: 7035 sq ft lot
  • Zoning: LAR4
  • Area: TUL - Toluca Lake
  • Appliances: Gas Oven, Gas Range
  • Appliances YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 2590.00
  • Building Area Units: Square Feet
  • Cap Rate: 2.76
  • Common Walls: 2+ Common Walls
  • Community Features: Sidewalks
  • Construction Materials: Stucco
  • Cooling: Wall/Window Unit(s)
  • Cooling YN: Yes
  • Country: US
  • Directions: South of Moorpark St, East side of Cahuenga Blvd
  • Electric: Standard
  • Electric Expense: 600.00
  • Flooring: Wood
  • Foundation Details: Raised
  • Fuel Expense: 173.00
  • Garage Spaces: 4.00
  • Gardener Expense: 3432.00
  • Gross Income: 82380.00
  • Gross Multiplier: 18.80
  • Gross Operating Income: 82380.00
  • Gross Scheduled Income: 82380.00
  • Heating: Wall Furnace
  • Heating YN: Yes
  • Inclusions: To follow
  • Insurance Expense: 1504.00
  • Laundry Equipment Own Lease: Own
  • Laundry Features: Community, Individual Room
  • Laundry Income: 1440.00
  • Laundry YN: Yes
  • Listing Agent License: 00641108
  • Listing Office License: 01836414
  • Lot Features: Corner Lot, Irregular Lot
  • Lot Size Area: 7034.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CN
  • Maintenance Expense: 9702.00
  • Net Operating Income: 42872.00
  • New Taxes Expense: 19375.00
  • Number Of Buildings: 1
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Wall AC: 4
  • Number With Disposal: 4
  • Operating Expense: 39508.00
  • Pest Control Expense: 565.00
  • Property Attached YN: Yes
  • Rent Control YN: Yes
  • Roof: Composition
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Selling Agent: Daniel Drantch
  • Selling Agent License: 00900188
  • Selling Office: Rodeo Realty
  • Sewer: Public Sewer
  • Total Expenses: 39508.00
  • Utilities: Natural Gas Available, Sewer Connected
  • Water Sewer Expense: 3933.00
  • Water Source: Public
  • Year Built Source: Assessor
  • Sold Price: 1550000.00
  • Sold Date: 2019-05-21
Courtesy of Exclusive Estate Properties In, Diane Eaton

818-262-5446 | Contact Me
Burbank, CA 91505
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