Toluca Lake, CA 91601,5122 Cahuenga Boulevard
Toluca Lake, CA 91601,5122 Cahuenga Boulevard
Toluca Lake, CA 91601,5122 Cahuenga Boulevard
Toluca Lake, CA 91601,5122 Cahuenga Boulevard
Toluca Lake, CA 91601,5122 Cahuenga Boulevard
Toluca Lake, CA 91601,5122 Cahuenga Boulevard
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$2,790,000

$2,895,000

3.6%
Est.Price: ?

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Est. payment /mo

12 Beds

12 Baths

5,851 Sqft Lot


SOLD DATE : 12/21/2022

Key Details

Sold Price $2,790,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID BB22205910

Sold Date 12/21/22

Bedrooms 12

HOA Y/N No

Lot Size 5,851 Sqft

Property Description

5122 Cahuenga is a gorgeous and ENORMOUS 2018 fourplex in upscale Toluca Lake. This is one of a very small handful of new constructions located in the confines of actual Toluca Lake. This celebritystudded area has very minimal apartment inventory and as a result, very high demand. Situated walking distance from the many neighborhood destinations in Toluca Lake, North Hollywood and Burbank, this property has consistently drawn high quality tenants since its inception. The current occupants are extremely friendly, prompt in rent payment, and keep their units in prime condition. In addition to having an unbeatable location, 5122 Cahuenga offers countless other perks, including no rent control, a 4.52% current cap rate with significant upside (conservative pro forma cap rate of 4.80%), unbeatable floorplans, all appliances included (including washers/dryers), sleek finishes, separate meters for gas, water & electric, and extreme desirability amongst renters. This sleek, easy to manage fourplex is made up of one 3-story duplex containing two 3 bedroom/2.5 bathroom townhomes that come with private 2-car garages (a major bonus for renters) and one 2-story duplex containing two 3 bedroom/2.5 bathroom townhomes that each come with 2 partially covered spots accessed from a convenient back alley. With SB-8 in effect, less fourplexes are being built, making properties like this an even more rare and hot commodity. Between the dream Toluca Lake location and the amazing floorplans, this is the new construction youve been waiting for!
5122 Cahuenga is a gorgeous and ENORMOUS 2018 fourplex in upscale Toluca Lake. This is one of a very small handful of new constructions located in the confines of actual Toluca Lake. This celebritystudded area has very minimal apartment inventory and as a result, very high demand. Situated walking distance from the many neighborhood destinations in Toluca Lake, North Hollywood and Burbank, this property has consistently drawn high quality tenants since its inception. The current occupants are extremely friendly, prompt in rent payment, and keep their units in prime condition. In addition to having an unbeatable location, 5122 Cahuenga offers countless other perks, including no rent control, a 4.52% current cap rate with significant upside (conservative pro forma cap rate of 4.80%), unbeatable floorplans, all appliances included (including washers/dryers), sleek finishes, separate meters for gas, water & electric, and extreme desirability amongst renters. This sleek, easy to manage fourplex is made up of one 3-story duplex containing two 3 bedroom/2.5 bathroom townhomes that come with private 2-car garages (a major bonus for renters) and one 2-story duplex containing two 3 bedroom/2.5 bathroom townhomes that each come with 2 partially covered spots accessed from a convenient back alley. With SB-8 in effect, less fourplexes are being built, making properties like this an even more rare and hot commodity. Between the dream Toluca Lake location and the amazing floorplans, this is the new construction youve been waiting for!

Location

State CA

County Los Angeles

Area North Hollywood (91601)

Zoning Assessor

Interior

Cooling Central Forced Air

Exterior

Garage Unit1:Assigned

Building

Lot Description Curbs, Sidewalks

Story 3

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Monthly Total Fees $48

Space Rent $3,900

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by Elizabeth Maddox • The 2-4 Unit Specialists
Bought with Elizabeth Maddox • The 2-4 Unit Specialists
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