www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34314406
34314461

10555 Bloomfield Street, Toluca Lake, CA 91602

BS
CA 01290116
Northmarq
MS
Northmarq Capital, LLC
VN
Northmarq Capital, LLC
TY
CA 02200387
NorthMarq - Newport Beach
JF
CA 00693978
NorthMarq Beverly Hills
Listed by Northmarq, Northmarq Capital, LLC, NorthMarq - Newport Beach, NorthMarq Beverly Hills
$24,000,000
5 days on market
Updated 4 days ago

The Centennial

Details
APN 2424-011-022
Property Type Multifamily
Sub Type Apartment Building
Square Footage 83,061
Net Rentable (SqFt) 38,038
Units 57
Cap Rate 5.29%
NOI $1,229,021
Occupancy 98%
Tenancy Multi
Price per SqFt $289
Year Built 2023
Buildings 1
Stories 4
Acreage 0.430
Zoning R4-1XL—RIO
Parking Spaces 69 spaces
Parking per 1,000 SqFt 0.83
Investment Type Stabilized

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

Listing Contacts

BS
CA 01290116
Northmarq
MS
Northmarq Capital, LLC
VN
Northmarq Capital, LLC
TY
CA 02200387
NorthMarq - Newport Beach
JF
CA 00693978
NorthMarq Beverly Hills
Listed by Northmarq, Northmarq Capital, LLC, NorthMarq - Newport Beach, NorthMarq Beverly Hills

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,229,021.00
$102,418.42/mo

Valuation Metrics

0
DSCR
5.12%
Cap Rate
5.12%
ROI

Map

Zoning

Intelligence Badge
R4-1XL-RIO OverlayMultiple Residential Extra Limited Height River Improvement Overlay
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 727 uses
View all 727 uses
Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Brent Sprenkle
License
01290116
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591