Listed by Equity Union
$1,750,000
11001 Hortense Street
Details
APN 2353032025
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,671
Net Rentable (SqFt) 4,671
Units 7
Cap Rate 5.46%
NOI $95,507
Pro-Forma Cap Rate 6.84%
Pro-Forma NOI $119,625
Price per SqFt $375
Year Built 1949
Buildings 2
Stories 2
Acreage 0.194
Zoning Assessor
Multifamily | 7 Units | $250,000/unit
Marketing description
We are proud to represent this 7 unit property in West Toluca Lake. The property was constructed in 1949. Its unit mix consists of (1) studio, (5) 1+1 units, and (1) 2+1 unit. With a lot size of 8,432 square feet, the property has a total of 4,671 rentable square feet. Toluca Lake is a tranquil and friendly community, nestled between North Hollywood and Burbank. The neighborhood boasts a shopping district with excellent cocktail bars, sushi restaurants, and homey cafes and diners, all of which give it a manageable yet interesting atmosphere. Toluca Lakes residential streets have a relaxed feel. The neighborhoods residents also have quick access to the 134, 101, and 170 freeways.
Investment highlights
7 units in excellent West Toluca Lake rental pocket
Substantial upside in existing rents
Excellent unit mix consisting of (1) studio unit, (5) 1+1 units, and (1) 2+1 unit
Property features updated electrical and newer roof
The building has 5 enclosed garages with possible ADU potential
Listing Contacts
Listed by Equity Union
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,507.00
$7,958.92/mo
Valuation Metrics
0
DSCR
5.46%
Cap Rate
5.46%
ROI
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Tax History
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