For Sale
$8,950,000

5108 Cahuenga BlvdLos Angeles, CA 91601

8-unit multifamily, high ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 8-unit multifamily investment opportunity, located at 5108-5112 Cahuenga Blvd, Los Angeles, CA 91601, presents a compelling proposition for discerning investors. Comprising two, two-story buildings, each with four units, this Class A property boasts a total of 12,640 square feet on a 12,000 square foot lot. Built in 2023, the property features a desirable unit mix of eight 3-bedroom, 3-bathroom units, each equipped with modern amenities including central heating and air conditioning, stainless steel appliances, quartz countertops, wood flooring, oversized closets, and private balconies. Security features include a gated entrance, subterranean parking, and a wheelchair lift. Currently operating at 100% occupancy, the property generates a strong NOI of $352,031, with a pro-forma NOI of $376,031, resulting in a 3.93% cap rate and a pro-forma cap rate of 4.20%. The asking price is $8,950,000, translating to $1,118,750 per unit and $708.07 per square foot. Situated in the highly desirable Toluca Woods neighborhood, this property benefits from a WalkScore of 89, offering convenient access to numerous amenities, including grocery stores, cafes, restaurants, and retail options. Its prime location also provides excellent access to major freeways (101, 134, and 170) and public transportation (0.8 miles from the Metro Red Line/Orange Line North Hollywood Station). The property is zoned RD1.5 and is offered fee simple. This is a truly remarkable opportunity to acquire a high-performing, stabilized multifamily asset in a thriving Los Angeles submarket.

Highlights

  • 8-unit multifamily property in Los Angeles, CA.
  • Class A construction, 12,640 sq ft on a 12,000 sq ft lot, built in 2023.
  • Eight 3-bed/3-bath units with modern amenities (stainless steel appliances, quartz countertops, etc.), gated entry, subterranean parking, and wheelchair lift.
  • 100% occupancy, $352,031 NOI, $376,031 pro-forma NOI, 3.93% cap rate (4.20% pro-forma).
  • Asking price: $8,950,000 ($1,118,750 per unit, $708.07/sq ft).
  • Located in Toluca Woods, WalkScore of 89, near freeways (101, 134, 170) and public transit.

Property Details for 5108 Cahuenga Blvd

Property type
Apartment buildings
Square Feet
12,640 SF
Class
A
Year Built
2023
Buildings
2
Stories
2
Units
8

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.1634534
Longitude
-118.3613693
5108 Cahuenga Blvd, Los Angeles, California

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5108 Cahuenga Blvd
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