LA Premier Realty is 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. Toluca Lake Apartments at 4406 Cahuenga Boulevard is a well-maintained 18-unit apartment complex, built in 1986. All units have been fully renovated over the last 4 years, featuring new flooring, stainless steel appliances, quartz countertops, and modern cabinetry. With intuitive floor plans with balconies, fireplaces, abundant natural light, and ample in-unit storage, this residential address is perfect for families of any size. The tenant pays utilities, which keeps operating costs low for ownership. Approved plans are in place for three Accessory Dwelling Units (ADUs). These ADUs aim to repurpose the underutilized storage/spa areas with no impact to the on-site parking. 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. This offering 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 (13.31 GRM), the property also includes three RTI-approved ADU plans, offering immediate upside potential through increased cash flow and additional unit development.