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!
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
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#: BB22205910
Originating 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