4651 Cahuenga Blvd - Apartments FOR SALE
North Hollywood, CA 91602 |
4651 Cahuenga Blvd
North Hollywood, CA 91602
HIGHLIGHTS
- 39 units in prime Toluca Lake Location
- Property was built in 1988 and subject to to AB 1482 rent control
- Excellent unit mix of (10) 1+1 units, (12) 1+2 units, (3) 2+1 units, and (14) 2+2 units. All units on 3rd floor have lofts. Upside in existing rents
- 12 units are currently vacant and are in rent-ready condition. Buyer has the option to reduce expenses by implementing a RUBS program
- Property has a 4.315 fixed rate loan in the approximate amount of $5,300,000 fixed until October 2027
- Property features fireplaces, balconies, secured parking, central HVAC units, fitness center, BBQ, pool, and onsite laundry
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
38043
STORIES
4
YEAR BUILT
1988
PARKING SPACES
79
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
2421-019-003,2421-019-004
