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4651 Cahuenga Blvd
North Hollywood, CA 91602

Price Upon Request

Apartments For Sale  •  38,043 SF

Property Details

  • Property Type Apartments
  • Total Building Size 38,043 SF
  • Lot Size 0.36 AC
  • Building Class C
  • Year Built 1988
  • Zoning R4-1, Los Angeles
44 Transit Score
76 Walk Score

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

Amenities

  • Air Conditioning
  • Balcony
  • Fitness Center
  • Laundry Facilities
  • Security System
  • Kitchen
  • Range

Public Transportation

Commuter RailDriveWalkDistance
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 8 min - 3.6 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
AirportDriveWalkDistance
Bob Hope 10 min - 4.1 mi
Los Angeles International 35 min - 24.7 mi
Long Beach (Daugherty Field) 46 min - 34.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 39
Type: Covered
Included in Rent: Yes