#SR25010602, Reza Ghobadi, Listing Office: Reza Ghobadi
$8,500,000 List price
4406 Cahuenga Blvd Toluca Lake, CA 91602
0.3 acres
Condo
Property details
About 4406 Cahuenga Blvd
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 Control Prime Toluca Lake Location – Walkable to shops, dining, and services Strong Unit Mix – All units fully renovated within the last 4 years Tenant-Paid Utilities – Low operating expenses for ownership Current CAP Rate: 5.12% ADU Upside: Approved plans in place for 3 Accessory Dwelling Units ADUs 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.
Highlights
Home typeCondominium
StatusActive
CoolingCentral Air
Lot size0.3031 Acres
Year built1986
MLS #BB25112358
Garage18 spaces
FireplaceLiving Room
Summary
- Fireplace: Living Room
- Garage Space: 18 spaces
- Private Pool: No
- Cooling: Central Air
- List Price: $8,500,000
- Annual Tax Amount: $72,291
- Tax Year: 2024
- Directions: off of Cahuenga Riverside
- Year Built: 1986
- Stories: 3
- Lot Size: 0.3031 Acres
- MLS Number: BB25112358
- MLS Name: CRMLS
- Office Name: LA Premier Realty
- Office Email: info@lapremierrealty.com
- Listing Agent: David Nalbandyan
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2025, 6:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$8,500,000
4406 Cahuenga Blvd
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 22, 2023 | Home Sold | $2,977,500 |
| Jun 03, 2013 | Home Sold | $559,500 |
| Jun 03, 2013 | Home Sold | $3,168,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $5,819,400 | $72,291 |
| 2023 | $3,755,070 | $47,514 |
| 2022 | $3,681,548 | $45,364 |
| 2021 | $3,609,468 | $44,754 |
| 2020 | $3,567,113 | $43,449 |
| 2019 | $3,497,171 | $43,170 |
| 2018 | $3,428,600 | $42,180 |
| 2017 | $3,361,373 | $42,180 |
History based on county public records data.
Nearby schools
6
Rio Vista Elementary School
Public District KG-5
0.4 mi
•4243 Satsuma Ave
6
Toluca Lake Elementary
Public District PK-5
0.6 mi
•4840 Cahuenga Blvd
4
Lankershim Elementary School
Public District KG-5
1.4 mi
•5250 Bakman Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $67,698. The most common annual income of people living in Toluca Lake, CA is between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
25%
<35k
47%
35k-100k
12%
100k-200k
16%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
73%
Single, No Kids
4%
Single, with Kids
15%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
2%
12-17 yrs old
34%
18-34 yrs old
47%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Art Museums
Music Concerts
Where do the neighbors shop?
Banana Republic
Bloomingdales
H&M
Where do the neighbors go to eat?
Jack In The Box
Starbucks
Chipotle
What do the neighbors drive?
Toyota
Audi
Volkswagen
What do the neighbors listen to?
Jazz
News
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
$10,000 Closing Credit¹
#SR25003571, David Friedman, Listing Office: Rodeo Realty
Backup offers
$9,013 Closing Credit¹
#BB25043407, Michael Williams, Listing Office: Compass
Backup offers
$8,609 Closing Credit¹
#SR25068973, Tammy Jerome, Listing Office: Coldwell Banker Realty
Backup offers
$9,203 Closing Credit¹
#SR25081639, Tammy Jerome, Listing Office: Coldwell Banker Realty
$7,266 Closing Credit¹
#OC25044608, Luis Lozano, Listing Office: PPF Realty
$5,094 Closing Credit¹
#SR25077552, Cricket Yee, Listing Office: Coldwell Banker Realty
5 days on Rocket
$8,311 Closing Credit¹
#P1-22383, Matthew Helganz, Listing Office: Meridian Capital Realty
$8,182 Closing Credit¹
#PW25087450, Stephanie Haines, Listing Office: Real Broker
$6,828 Closing Credit¹
#BB25083538, Christopher Rizzotti, Listing Office: REMAX Empower
Frequently asked questions
About 4406 Cahuenga Blvd
The listing price of 4406 Cahuenga Blvd property is $8,500,000.
The property 4406 Cahuenga Blvd is a condo located in Toluca Lake, California, 91602.
Active Listing: 4406 Cahuenga Blvd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 4406 Cahuenga Blvd are: Rio Vista Elementary School (GreatSchools Rating 6/10), Toluca Lake Elementary (GreatSchools Rating 6/10), Lankershim Elementary School (GreatSchools Rating 4/10), Walter Reed School (GreatSchools Rating 6/10), Luther Burbank Middle School (GreatSchools Rating 7/10), New Horizons Charter Academy (GreatSchools Rating 5/10), Science Academy STEM Magnet (GreatSchools Rating 9/10), East Valley High School (GreatSchools Rating 3/10), North Hollywood High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2024 is $72,291 (source: MLS/based on county public records data).
The last sale was on March 22, 2023 for $2,977,500 (source: MLS/tax record).
The property at 4406 Cahuenga Blvd has 0 bathroom.
The year of construction for 4406 Cahuenga Blvd is 1986.
This home is located at 4406 Cahuenga Blvd in Toluca Lake, CA and zip code 91602 in the The San Fernando Valley neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 22, 2025 and is currently priced at $8,500,000.
Over 395 listings were sold over their listed price in April 2025 in Toluca Lake, CA. In the same period over 328 listings were sold below the listed price and 148 listings were sold for the listed price. Between March and April 2025, Toluca Lake, CA real estate market has seen increase in the number of listings by 10.2%. While the average time on the market in April 2025 was 36 days, the median list price was $896,516.
From Rocket Homes Real Estate and based on county public records data.