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11001 Hortense St 7 Unit Apartment Building $2,479,500 CAD ($354,214 CAD/Unit) 5.10% Cap Rate West Toluca Lake, CA 91602
Investment Highlights
- 7 units in excellent West Toluca Lake rental pocket
- Excellent unit mix consisting of (1) studio unit, (5) 1+1 units, and (1) 2+1 unit
- The building has 5 enclosed garages with possible ADU potential
- Substantial upside in existing rents
- Property features updated electrical and newer roof
Executive Summary
Equity Union Commercial is proud to represent this 7 unit property in West Toluca Lake.
The property was constructed in 1949. Its unit mix consists of (1) studio, (5) 1+1 units, and (1) 2+1 unit. With a lot size of 8,432 square feet, the property has a total of 4,671 rentable square feet.
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 property was constructed in 1949. Its unit mix consists of (1) studio, (5) 1+1 units, and (1) 2+1 unit. With a lot size of 8,432 square feet, the property has a total of 4,671 rentable square feet.
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 - 2025) 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 - 2025) 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
| Price | $2,479,500 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $354,214 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.10% | Building Size | 4,671 SF |
| Gross Rent Multiplier | 12.54 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1949 |
| Property Type | Multifamily | Parking Ratio | 1.5/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 | ||
| Price | $2,479,500 CAD |
| Price Per Unit | $354,214 CAD |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| Gross Rent Multiplier | 12.54 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,671 SF |
| No. Stories | 2 |
| Year Built | 1949 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | LARD1.5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 5 | - | - |
| 2+1 | 1 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2353-032-025 | Improvements Assessment | $711,027 CAD |
| Land Assessment | $302,828 CAD | Total Assessment | $1,013,854 CAD |
Property Taxes
Parcel Number
2353-032-025
Land Assessment
$302,828 CAD
Improvements Assessment
$711,027 CAD
Total Assessment
$1,013,854 CAD
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11001 Hortense St
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