4406 Cahuenga Boulevard, Toluca Lake (los Angeles), CA 91602

• 16,956 sqft

Property 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 parkin

Listing Status:

Active

Date Added:

September 25, 2025 at 05:00AM

Listing Office:

LA Premier Realty : 855-525-7653

Listing Agent:

David Nalbandyan : 855-525-7653

MLS ID:

CRBB25224752

Interior

• Laundry: Other
• A/C: Central Air

Location

• County: Los Angeles

Lot

• Zoning: LAR32424002045

This listing courtesy of David Nalbandyan, LA Premier Realty