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30119057
30119058

11100 Camarillo Street, West Toluca Lake, CA 91602

RG
CA 01780045
Colliers - Los Angeles - Woodland Hills, California
Listed by Colliers - Los Angeles - Woodland Hills, California
$1,995,000
93 days on market
Updated 21 days ago

Price Reduced | Prime W. Toluca Lake, CA

Details
APN 2353026008
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,236
Units 8
Cap Rate 5.66%
NOI $112,824
Occupancy 50%
Pro-Forma Cap Rate 7.18%
Pro-Forma NOI $143,189
Price per SqFt $276
Year Built 1962
Buildings 1
Stories 2
Acreage 0.170
Zoning Assessor
Investment Type Value Add

Value-Add | 8 Units | West Toluca Lake CA

Marketing description

This opportunity is an 8-unit multifamily investment opportunity located in a prime West Toluca Lake / North Hollywood neighborhood, one of the San Fernando Valleys most desirable and supply-constrained rental markets. Built in 1962, the property consists of approximately 7,236 square feet of improvements situated on a 7,500 square foot LAR3-zoned parcel, offering both strong in-place income and future upside potential. The unit mix includes five one-bedroom units, two two-bedroom/two-bath units, and one spacious three-bedroom/two-bath unit, providing an attractive diversity of layouts that appeal to a wide tenant base. The building has been improved over time, featuring a roof replacement completed in 2024, upgraded copper plumbing, and completed Soft-Story seismic retrofit. In addition, the property is not subject to SB 721 balcony inspection requirements, reducing future capital expenditure concerns. A shared on-site laundry room provides additional tenant convenience and supplemental income potential. Offered for sale for the first time in more than 50 years, this generational asset presents a unique opportunity to acquire a well-located apartment building with strong fundamentals, operational simplicity, and long-term growth potential. The property is ideally positioned near the border of North Hollywood and Toluca Lake, two highly sought-after rental submarkets known for strong tenant demand, walkability, and proximity to major employment centers. The location benefits from convenient access to the NoHo Arts District, Universal Studios, Studio City, Burbank Media Dist

Investment highlights

• 8-unit multifamily property in prime North Hollywood / West Toluca Lake location
• First time on the market in more than 50 years
• Excellent unit mix: five (5) 1-bedroom units, two (2) 2-bedroom / 2-bath units, and one (1) 3-bedroom / 2-bath unit
• Approximately 7,236 SF building situated on a 7,500 SF lot
• LAR3 zoning offering long-term redevelopment potential
• Built in 1962 with functional and easy-to-manage layout
• Four (4) vacant units providing immediate value-add opportunity
• Roof replaced in 2024
• Upgraded copper plumbing throughout the building
• Soft-Story seismic retrofit completed
• No SB 721 balcony inspection requirement
• On-site community laundry room for additional income
• Strong rental demand location near major employment centers
• Ideal for investors seeking repositioning or long-term hold strategy
• Located near public Transportation - TOC Tier 3

• Located near the highly desirable Toluca Lake neighborhood
• Minutes from NoHo Arts District dining, entertainment, and retail amenities
• Close proximity to Universal Studios, Burbank Media District, and Studio City
• Easy access to the 101, 134, and I-5 freeways
• Near Metro Red Line providing convenient transit access to Hollywood and Downtown LA
• Surrounded by entertainment, media, and creative employment hubs
• Strong tenant demand driven by proximity to studios and production facilities
• Walkable neighborhood with restaurants, cafes, and neighborhood services nearby
• One of the San Fernando Valley’s most active and improving rental submarkets

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Listing Contacts

RG
CA 01780045
Colliers - Los Angeles - Woodland Hills, California
Listed by Colliers - Los Angeles - Woodland Hills, California

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$112,824.00
$9,402.00/mo

Valuation Metrics

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DSCR
5.66%
Cap Rate
5.66%
ROI

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Additional Information

Name
Reza Ghobadi
License
01780045
Brokerage
Colliers International
Brokerage Phone
818-325-4142
Brokerage Address
6324 Canoga Ave
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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