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New Construction Toluca Lake Fourplex 11025 Blix St 4 Unit Apartment Building $3,822,471 CAD ($955,618 CAD/Unit) 5.27% Cap Rate North Hollywood, CA 91602
Investment Highlights
- Brand-New 2025 Construction- Zero deferred maintenance and the lowest reserve and R&M tier — a true turnkey,low-touch operating profile.
- Owner-Friendly Expenses Tenants pay trash, electric, and internet/cable on this all-electric property; owned solar offsets common-area load — a 23.2%.
- Residential-Style Financing - As a four-unit, the Property qualifies for higher-leverage, residential-style financing.
- Prime Toluca Lake Location - Situated in one of the San Fernando Valley's most desirable neighborhoods, within approximately three miles of Warner Bro
- RSO & AB 1482 Exempt - The property is exempt from Los Angeles RSO and California AB 1482, providing maximum flexibility on rent increases.
- Premium Turnkey Finishes European cabinetry, Samsung stainless appliances, in-unit W/D, central HVAC,custom shades & owned solar panels.
Executive Summary
Marcus & Millichap is pleased to present 11025 Blix, a brand-new 2025 four-unit community in the heart of Toluca Lake. The Property comprises two structures on a single8,260-square-foot lot — a front duplex of two 4BR/3BA split-level townhomes and a rear pair of detached 2BR/2BA accessory dwelling units — totaling ±4,958 rentable square feet.
Every unit was delivered with European cabinetry, stainless Samsung appliances, in-unit washer/dryer, vinyl-plank flooring, custom shades, and central HVAC. The property is gated and carries owned solar offsetting common-area load; the two front townhomes include four dedicated parking spaces. There is no deferred maintenance and the lowest reserve and repair tier appropriate for a 2025 build.
By its 2025 vintage the asset is exempt from the City of Los Angeles Rent Stabilization Ordinance and California AB 1482, and the owner-friendly expense structure —tenants pay trash, electric, and internet/cable on this all-electric property — drives a clean operating profile. The all-new, low-touch configuration broadens the buyer pool well beyond a typical value-add four-unit to 1031 exchange buyers, private local investors, and first-time multifamily buyers seeking turnkey product.
Offered at $2,700,000 — $675,000 per unit and $545 per square foot — the Property reflects a 5.27% cap rate on stabilized income, pricing approximately 3% below the sold-comp per-unit median while delivering a measurable yield premium to recent Toluca Lake and North Hollywood closings. A disciplined, clear-to-trade opportunity in an established Toluca Lake location.
Every unit was delivered with European cabinetry, stainless Samsung appliances, in-unit washer/dryer, vinyl-plank flooring, custom shades, and central HVAC. The property is gated and carries owned solar offsetting common-area load; the two front townhomes include four dedicated parking spaces. There is no deferred maintenance and the lowest reserve and repair tier appropriate for a 2025 build.
By its 2025 vintage the asset is exempt from the City of Los Angeles Rent Stabilization Ordinance and California AB 1482, and the owner-friendly expense structure —tenants pay trash, electric, and internet/cable on this all-electric property — drives a clean operating profile. The all-new, low-touch configuration broadens the buyer pool well beyond a typical value-add four-unit to 1031 exchange buyers, private local investors, and first-time multifamily buyers seeking turnkey product.
Offered at $2,700,000 — $675,000 per unit and $545 per square foot — the Property reflects a 5.27% cap rate on stabilized income, pricing approximately 3% below the sold-comp per-unit median while delivering a measurable yield premium to recent Toluca Lake and North Hollywood closings. A disciplined, clear-to-trade opportunity in an established Toluca Lake location.
Property Facts
| Price | $3,822,471 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $955,618 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.27% | Building Size | 4,958 SF |
| Gross Rent Multiplier | 14.14 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment |
| Price | $3,822,471 CAD |
| Price Per Unit | $955,618 CAD |
| Sale Type | Investment |
| Cap Rate | 5.27% |
| Gross Rent Multiplier | 14.14 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 4,958 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2025 |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3 | 2 | - | 1,683 |
| 2+2 | 2 | - | 796 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2353-026-024 | Improvements Assessment | $289,156 CAD |
| Land Assessment | $1,156,623 CAD | Total Assessment | $1,445,779 CAD |
Property Taxes
Parcel Number
2353-026-024
Land Assessment
$1,156,623 CAD
Improvements Assessment
$289,156 CAD
Total Assessment
$1,445,779 CAD
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New Construction Toluca Lake Fourplex | 11025 Blix St
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