11001 Hortense St - Apartments FOR SALE


West Toluca Lake, CA 91602
$1,895,000 USD
818-640-4360
11001 Hortense St, West Toluca Lake, CA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/20
null | 4.78% Cap Rate

11001 Hortense St
West Toluca Lake, CA 91602


HIGHLIGHTS

  • 7 units in excellent West Toluca Lake rental pocket
  • Substantial upside in existing rents
  • Excellent unit mix consisting of (1) studio unit, (5) 1+1 units, and (1) 2+1 unit
  • Property features updated electrical and newer roof
  • The building has 5 enclosed garages with possible ADU potential

OVERVIEW

Equity Union Commercial is proud to represent this 7 unit property in West Toluca Lake. The property was constructed in 1949. Its unit mix consists of (1) studio, (5) 1+1 units, and (1) 2+1 unit. With a lot size of 8,432 square feet, the property has a total of 4,671 rentable square feet. Toluca Lake is a tranquil and friendly community, nestled between North Hollywood and Burbank. The neighborhood boasts a shopping district with excellent cocktail bars, sushi restaurants, and homey cafes and diners, all of which give it a manageable yet interesting atmosphere. Toluca Lake’s residential streets have a relaxed feel. The neighborhood’s residents also have quick access to the 134, 101, and 170 freeways.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

7

PRICE/UNIT

$270,714

CAP RATE

4.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,328 SF

ZONING

LARD1.5

APN/PARCEL ID

2353-032-025

ASK ABOUT THIS PROPERTY

Cindy HillEquity Union CommercialMore Info
818-640-4360

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Cindy HillEquity Union CommercialMore Info
818-640-4360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.