Apartments For Sale • 38,043 SF
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 |
Commuter Rail | Drive | Walk | Distance |
---|---|---|---|
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 7 min | - | 3.5 mi |
Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 8 min | - | 3.9 mi |
Airport | Drive | Walk | Distance |
Bob Hope | 8 min | - | 4.3 mi |
Los Angeles International | 34 min | - | 24.6 mi |
Parking Available: | Yes |
Reserved: | No |
Spaces Provided: | 39 |
Type: | Covered |
Included in Rent: | Yes |