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A rare opportunity to acquire a 28-unit luxury multifamily community in one of the San Fernando Valley's most coveted residential enclaves. Completed in 2016 and held by its original developer-owner since delivery, The Bloomfield offers investors newer construction, premium finishes, and an exceptional level of pride of ownership rarely available in today's market. The property features a well-balanced unit mix of one-, two-, and three-bedroom residences, each appointed with gourmet kitchens, custom cabinetry, stainless steel appliances, hardwood and tile flooring, and full-size front-loading washers and dryers. Private balconies, controlled telephone entry, gated subterranean parking with 53 spaces, bicycle storage, and dual-pane windows round out a resident experience built for long-term retention and premium rents. The building spans approximately 40,023 gross square feet on a 17,364-square-foot lot, with concrete foundation, wood-frame construction, and central HVAC throughout. Location is central to the opportunity. Situated in the heart of Toluca Lake, the asset is minutes from Studio City, Burbank, Universal City, and North Hollywood placing residents at the center of one of Los Angeles' most dynamic employment and entertainment corridors. Major studio employers including Warner Bros., Walt Disney Studios, NBCUniversal, and Universal Studios sit just miles away, supporting consistent renter demand from entertainment and media professionals. Everyday conveniences Trader Joe's, Gelson's, Vons, CVS, and the walkable Riverside Drive restaurant and retail corridor are all within easy reach, while access to the 101, 134, and 170 freeways connects residents throughout the Valley and greater Los Angeles. Financially, the offering presents meaningful upside. Current in-place rents sit roughly 8% below market, and two vacant units offer immediate mark-to-market potential upon lease-up. With a current occupancy of approximately 89%, a disciplined lease-up strategy could quickly close the gap between in-place and market rents, driving strong forward NOI growth. The asset's newer vintage also minimizes near-term capital expenditure needs relative to older Valley product, preserving investor returns. Combining original developer ownership, modern construction, a premier Toluca Lake address, and embedded rental upside, this offering represents a durable, income-producing investment in one of Los Angeles' most supply-constrained rental submarkets.
Property Type(s):
Residential Income
| Last Updated | 9/16/2026 | Year Built | 2016 |
|---|---|---|---|
| Community | TUL - Toluca Lake | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | TUL - Toluca Lake |
| HEAT | Central |
| LOT | 0.3987 acre(s) |
| LOT DIMENSIONS | 17369 |
| PARKING | Underground |
| STORIES | Split/Multi Level |
Location
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Listed with NorthMarq Realty Services, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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