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Additional details
$ 2,199,000
Est. payment | /mo
10,001 Sqft Lot
$ 2,199,000
Est. payment | /mo
10,001 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26205048
HOA Y/N No
Year Built 1948
Lot Size 10,001 Sqft
Property Sub-Type Multi Family
Property Description
ALL UNITS ARE LEASED. PLEASE DO NOT DISTURB OCCUPANTS. PHOTOS INCLUDED ARE NOT OF ALL 6 UNITS. THERE ARE A FEW FEATURE PHOTOS OF EACH UNIT SIZE, THEY ARE NOT COMPREHENSIVE. Set in the sought-after Toluca Woods neighborhood, this charming two-story six-unit property offers a rare combination of vintage mid-century character and modern improvements. The property features classic ARCHITECTURAL DETAILS including crown molding,coffered ceilings, hardwood floors, latticed windows, metal awnings, ornate wrought iron hand rails, and cozy porch/patios on the lower units. All units have access to a common, serene, and private entertainment courtyard in the back. RECENT IMPROVEMENTS include all new electrical panels throughout, new HVAC systems in five of the six units, and a freshly paint exterior, including walls, fences, windows, and hand rails. EACH UNIT FEATURES its own laundry room with a washer and dryer, plus an oven, refrigerator, and dishwasher, and has a separate gas and electric meters. The three-bedroom and two-bedroom units each offer three bathrooms, including a full bath, three-quarter bath, and powder room. All six units include an DETACHED ONE CAR GARAGE with alley access, with additional street parking available. Turnover is low as tenants love features like the large grassy areas for pets or kid play, mature shade trees, mature fruit trees, and central location. 5005 Cahenga is conveniently located within a 15-minute walk of shopping, dining, and entertainment along Riverside Drive in downtown Toluca Lake. This high income producing investment gem combines classic mid-century character with numerous recent improvements. And a 5.8% CAP rate! Call today. RENT ROLL AND ACTUAL plus PROJECTED OPERATING STATEMENTS AVAILABLE UPON REQUEST.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Laundry Room
Exterior
Fence Block, Wood
Roof Type Shingle
Building
Lot Description 6-10 Units/Acre
Story 2
Water Public
Others
Tax ID 2419015014
Acceptable Financing Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA 203(b), FHA 203(k), Fannie Mae
Listing Terms Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA 203(b), FHA 203(k), Fannie Mae
Special Listing Condition Standard
Listed by Laurence Cook Rodeo Realty 818-564-6176, DRE #02070820
NEARBY SCHOOL & BUSINESS