The Centennial
Multifamily | 57 Units | $421,053/unit
Marketing description
Northmarq is delighted to introduce The Centennial Apartments, situated in the prestigious area of Toluca Lake, recognized as one of Los Angeles' most prominent media-adjacent submarkets. This property enjoys direct access to Universal City, North Hollywood, and the Burbank media corridor, where a diverse range of entertainment, healthcare, airport, and professional services contribute to a wide renter demographic. Residents can easily stroll to Universal Studios and Toluca Lake Village along Riverside Drive, which features renowned restaurants and shops, and benefit from various transit options, including the Metro B Line station at Universal Studios that connects north to the NoHo Arts District and south to Downtown LA Union Station.
Riverside Drive serves as the premier commercial artery and "village" epicenter of the affluent Toluca Lake submarket. Characterized by its pedestrian-friendly, tree-lined streetscape, the corridor benefits from high-value synergy with the world’s leading entertainment conglomerates. Its immediate proximity to Warner Bros., Disney, and Universal Studios ensures a consistent daytime population of high-income industry professionals and creative executives, driving demand for upscale retail and high-end lifestyle services.
In January 2026, Gelson’s launched a 9,672-square-foot small-format market that includes a wine bar, coffee window, and specialty food counters. This new establishment serves as the anchor for a mixed-use development comprising 37 residential units.
Down the street is the iconic Bob’s Big Boy, a historic mid-century landmark that holds the title of the oldest Bob’s Big Boy still in operation in the United States, famous for its classic car exhibitions on Friday evenings. Additionally, the Toluca Lake Farmers Market, held every Sunday in the Wells Fargo parking lot, features fresh fruits and vegetables, artisanal jewelry, and prepared meals.
Investment highlights
- Trophy 2023 Construction in Premier Toluca Lake
- Employment Hub with High-Income Demand Drivers
- Strong Market Fundamentals and Limited Future Supply
- Walkable Media District Location
- Luxury Amenity Package Designed for Modern Renters
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