For Sale – Prime 18-Unit Value-Add Opportunity in Coveted Toluca Lake. 4406 Cahuenga Blvd, Toluca Lake, CA. Exceptional investment opportunity in the heart of Toluca Lake. This well-maintained 18-unit multifamily property offers strong in-place income, additional upside through approved ADUs, and is exempt from rent control (non-RSO). Investment Highlights: 18 Units + RTI Plans for 3 ADUs. Plans are Ready-To-Issue with an estimated construction cost of $250,000, offering an excellent opportunity to increase income and maximize returns. Pro Forma Metrics: GRM: 11.48 CAP Rate: 6.45% Modernized Units: A majority of the units have been thoughtfully remodeled, offering attractive interiors for current and future tenants. Tenant Utility Contribution: Tenants pay for a portion of water and sewer charges, helping reduce operational expenses. Parking: 18 tandem spaces (36 cars total)—a rare find in this area, enhancing tenant convenience and retention. Located in a highly desirable rental pocket of Toluca Lake, just minutes from major studios, NoHo Arts District, and easy freeway access, this is a prime asset for both seasoned investors and 1031 exchange buyers. Contact us today to request the full offering memorandum or schedule a private tour.