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Sold for $2,790,000 on 12/21/22
  • Listing Provided by: 

    Elizabeth Maddox DRE #01921425 818-859-7242,

    Myunits.com Inc.,

    Ian Maddox DRE #02030205,

    Myunits.com Inc.

    $2,790,000

    5122 Cahuenga Blvd, North Hollywood, CA 91601

    --beds
    --baths
    6,179sqft
    Quadruplex
    Built in 2018
    -- sqft lot
    $2,883,200 Zestimate®
    $452/sqft
    $3,643 Estimated rent

    What's special

    5122 Cahuenga is a gorgeous and ENORMOUS 2018 fourplex in upscale Toluca Lake. This is one of a very small handful of new constructions located in the confines of actual “Toluca Lake”. This celebritystudded area has very minimal apartment inventory and as a result, very high demand. Situated walking distance from the many neighborhood destinations in Toluca Lake, North Hollywood and Burbank, this property has consistently drawn high quality tenants since its inception. The current occupants are extremely friendly, prompt in rent payment, and keep their units in prime condition. In addition to having an unbeatable location, 5122 Cahuenga offers countless other perks, including no rent control, a 4.52% current cap rate with significant upside (conservative pro forma cap rate of 4.80%), unbeatable floorplans, all appliances included (including washers/dryers), sleek finishes, separate meters for gas, water & electric, and extreme desirability amongst renters. This sleek, easy to manage fourplex is made up of one 3-story duplex containing two 3 bedroom/2.5 bathroom townhomes that come with private 2-car garages (a major bonus for renters) and one 2-story duplex containing two 3 bedroom/2.5 bathroom townhomes that each come with 2 partially covered spots accessed from a convenient back alley. With SB-8 in effect, less fourplexes are being built, making properties like this an even more rare and hot commodity. Between the dream Toluca Lake location and the amazing floorplans, this is the new construction you’ve been waiting for!

    Zillow last checked: 7 hours ago

    Listing updated: December 21, 2022 at 12:16pm

    Listing Provided by:

    Elizabeth Maddox DRE #01921425 818-859-7242,

    Myunits.com Inc.,

    Ian Maddox DRE #02030205,

    Myunits.com Inc.

    Bought with:

    Elizabeth Maddox, DRE #01921425

    Myunits.com Inc.

    Ian Maddox, DRE #02030205

    Myunits.com Inc.

    Source: CRMLS,MLS#: BB22205910MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator, Dryer, Washer
    • Laundry: Washer Hookup, In Kitchen
    Features
    • Balcony, Open Floorplan, All Bedrooms Up
    • Flooring: Laminate
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 6,179
    • Total interior livable area: 6,179 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Assigned
    • Garage spaces: 4
    • Uncovered spaces: 4
    Features
    • Levels: Two,Three Or More
    • Stories: 2
    • Entry location: Front
    • Pool features: None
    • Spa features: None
    • Fencing: Excellent Condition
    • Has view: Yes
    • View description: Neighborhood
    Lot
    • Size: 5,851 sqft
    • Features: Front Yard, Landscaped, Level, Rectangular Lot, Yard
    Details
    • Additional parcels included: 2419017012
    • Parcel number: 2419017027
    • Zoning: LARD1.5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Modern
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Roof: Flat
    Condition
    • Turnkey
    • New construction: Yes
    • Year built: 2018

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Street Lights, Sidewalks
    Location
    • Region: North Hollywood

    HOA & financial

    Other financial information
    • Total actual rent: 14745

    Other

    Other facts
    • Listing terms: Submit
    • Road surface type: Paved
    Services availability
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    Estimated market value

    $2,883,200

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $2,883,200