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

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Listing 16 out of 33
$1,675,000 Active Under Contract

4372 Cahuenga Boulevard
Toluca Lake, CA 91602

4 units | Multi Family Home
5920 sq ft - MLS# SR18289456
Property Photo
1/17

Description

Opportunity is knocking! Superb Toluca Lake location. Four unit apartment building with 3,430 sqft. There are 2- two-bed + one bath units and 2- one bed + one bed units. Built in the 1940’s these charming units include hardwood floors, tile counter tops, and patios. Zoning is R4 and two adjacent properties on either side 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. Million $$$ homes are around the corner. 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: Active Under Contract
  • Zip Code: 91602
  • Year Built: 1946
  • Style: Traditional
  • Stories: One
  • Units: 4 units
  • # of Parking Spaces: 4.00
  • Lot Size: 5920 sq ft
  • 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: 3430.00
  • Building Area Units: Square Feet
  • Cap Rate: 2.83
  • Common Walls: 2+ Common Walls
  • Community Features: Sidewalks
  • Construction Materials: Stucco
  • Cooling: Wall Window
  • Cooling YN: Yes
  • Country: US
  • Directions: South of Moorpark, East side of Cahuenga Bl
  • Electric: Standard
  • Flooring: Tile, Vinyl, Wood
  • Foundation Details: Raised
  • Fuel Expense: 407.00
  • Garage Spaces: 4.00
  • Gardener Expense: 3140.00
  • Gross Income: 84484.00
  • Gross Multiplier: 19.82
  • Gross Scheduled Income: 82948.00
  • Heating: Wall Heater
  • Heating YN: Yes
  • Inclusions: oven-range, to be determined
  • Insurance Expense: 1960.00
  • Laundry Features: Community, Individual Room
  • Laundry Income: 1536.00
  • Laundry YN: Yes
  • Listing Agent License: 00641108
  • Listing Office License: 01836414
  • Lot Dimensions: 50 x 118
  • Lot Features: Lot Shape-Rectangular
  • Lot Size Area: 5918.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CN
  • Maintenance Expense: 6881.00
  • Net Operating Income: 47331.00
  • New Taxes Expense: 20937.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number With Range: 4
  • Operating Expense: 37153.00
  • Pest Control Expense: 275.00
  • Property Attached YN: Yes
  • Rent Control YN: Yes
  • Roof: Composition
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Actual Rent: 82948.00
  • Total Expenses: 37153.00
  • Utilities: Natural Gas Connected, Sewer Connected
  • Water Sewer Expense: 3448.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Exclusive Estate Properties In, Diane Eaton

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