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10602-10610 Landale St 7 Unit Apartment Building $2,770,901 CAD ($395,843 CAD/Unit) 4.91% Cap Rate Toluca Lake, CA 91602
INVESTMENT HIGHLIGHTS
- Pride of ownership 7 unit building in prime Toluca Lake
- Property has been meticulously maintained and features newer windows, central HVAC, enclosed garages, and a pitched roof
- Upside in existing rents
- Excellent unit mix consisting of (5) 1+1 units and (2) 2+1 units. Two of the units are townhouses
- The property features a new roof, new plumbing, and a new driveway.
EXECUTIVE SUMMARY
Equity Union Commercial is proud to represent this 7 unit apartment building in prime Toluca Lake.
The building was constructed in 1956. Its unit mix consists of (5)1 1+1 units and (2) 2+1 units. With a lot size of 7,771 square feet, the property has a total of 5,808 rentable square feet.
The property has a new roof, new plumbing, and a new driveway. The property also has new landscaping; the windows on the Landale side are all double pane windows and the windows on the Cahuenga side are all triple pane. The balconies have been retrofitted.
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 Lake’s residential streets have a relaxed feel. The neighborhood’s residents also have quick access to the 134, 101, and 170 freeways.
The building was constructed in 1956. Its unit mix consists of (5)1 1+1 units and (2) 2+1 units. With a lot size of 7,771 square feet, the property has a total of 5,808 rentable square feet.
The property has a new roof, new plumbing, and a new driveway. The property also has new landscaping; the windows on the Landale side are all double pane windows and the windows on the Cahuenga side are all triple pane. The balconies have been retrofitted.
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 Lake’s residential streets have a relaxed feel. The neighborhood’s residents also have quick access to the 134, 101, and 170 freeways.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $2,770,901 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $395,843 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.91% | Building Size | 8,796 SF |
| Gross Rent Multiplier | 13.44 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1956 |
| Property Type | Multifamily | Parking Ratio | 0.8/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 | ||
| Price | $2,770,901 CAD |
| Price Per Unit | $395,843 CAD |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| Gross Rent Multiplier | 13.44 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 8,796 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | LAR3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 2423-003-027 | Improvements Assessment | $412,202 CAD (2025) |
| Land Assessment | $1,474,230 CAD (2025) | Total Assessment | $1,886,432 CAD (2025) |
PROPERTY TAXES
Parcel Number
2423-003-027
Land Assessment
$1,474,230 CAD (2025)
Improvements Assessment
$412,202 CAD (2025)
Total Assessment
$1,886,432 CAD (2025)
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10602-10610 Landale St
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