4258 Cahuenga Blvd - Apartments FOR SALE


North Hollywood, CA 91602
$2,750,000 USD
818-231-5540
4258 Cahuenga Blvd, North Hollywood, CA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/27
null | 6.01% Cap Rate

4258 Cahuenga Blvd
North Hollywood, CA 91602


HIGHLIGHTS

  • GREAT Unit Mix consisting of 4 1BR/1BA Units, 8 Studios and Four Bachelors
  • OFFERING LOCATED in a desirable rental market of Toluca Lake with an ideal renter profile
  • UNITS consisting of average size of 524 SF
  • VALUE ADD investment opportunity with approximately 24% upside in rent
  • WALK SCORE of 76 “Very Walkable” adjacent to an array of Fine Dining, Shopping and Entertainment Options
  • ABILITY TO ADD multiple ADU's by converting Garage Spaces (*To Check With City)

OVERVIEW

Located in the heart of Toluca Lake, 4258 Cahuenga Blvd is a well maintained 16-unit multifamily property offering both stability and upside potential in a prime rental market. Built in 1923, the property consists of (4)one-bedroom/one-bath units, (8) studio units, and (4) bachelor units, catering to a diverse tenant base. The building spans 8,878 square feet on a 7,103 square foot. Additionally, the property features on-site laundry facilities, enhancing tenant convenience. This asset presents a compelling opportunity for long-term investors, combining immediate cash flow with future value-add potential. Strategically located just minutes from Universal Studios, Ventura Blvd, and major employment hubs, the property benefits from high demand and consistent rental appreciation. The surrounding neighborhood is known for its charming residential feel, excellent walkability, and proximity to top-tier dining and entertainment options. With a strong in-place income, potential for rent growth, and a highly desirable location, 4258 Cahuenga Blvd is a rare chance to acquire a prime multifamily asset in one of Los Angeles’ most sought-after submarkets.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

16

PRICE/UNIT

$171,875

CAP RATE

6.01%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Toluca Lake - 9.92 GRM & 6.01% CAP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LARD1.5

APN/PARCEL ID

2424-014-003

ASK ABOUT THIS PROPERTY

David SaghianLyon Stahl Investment Real EstateMore Info
818-231-5540

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David SaghianLyon Stahl Investment Real EstateMore Info
818-231-5540

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