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We are 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. This well-maintained 18-unit apartment complex, built in 1986, 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 5.12% CAP rate, the property also includes THREE RTI-APPROVED ADU plans, offering immediate upside potential through increased cash flow and additional unit development.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.Investment Highlights:Year Built: 1986 – Exempt from LA City Rent ControlPrime Toluca Lake Location – Walkable to shops, dining, and servicesStrong Unit Mix – All units fully renovated within the last 4 yearsTenant-Paid Utilities – Low operating expenses for ownershipCurrent CAP Rate: 5.12%ADU Upside: Approved plans in place for 3 Accessory Dwelling UnitsADUs repurpose underutilized storage/spa areas (no impact to parking)Pro forma CAP Rate post-ADUs projected to exceed 6.0%This is a rare, stabilized asset with significant upside potential through the addition of ADUs—offering both immediate cash flow and long-term growth.
Property Type(s):
Residential Income
| Last Updated | 5/22/2025 | Year Built | 1986 |
|---|---|---|---|
| Community | Toluca Lake | Garage Spaces | 18.0 |
| County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Toluca Lake |
| FIREPLACE | Yes |
| GARAGE | Yes |
| LOT | 0.3 acre(s) |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3 |
| WATER | Public |
| ZONING | LAR3 |
Location
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Listed with LA Premier Realty
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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