Value-Add Opportunity - Prime W. Toluca Lake 11100 Camarillo St 8 Unit Apartment Building $2,853,900 CAD ($356,737 CAD/Unit) 5.05% Cap Rate North Hollywood, CA 91602

The Ghobadi Investment Team at Colliers International is pleased to present an exceptional 8-unit multifamily investment opportunity located in a prime North Hollywood / West Toluca Lake neighborhood, one of the San Fernando Valley’s most desirable and supply-constrained rental markets. Built in 1962, the property consists of approximately 7,236 square feet of improvements situated on a 7,500 square foot LAR3-zoned parcel, offering both strong in-place income and future upside potential. The unit mix includes five one-bedroom units, two two-bedroom/two-bath units, and one spacious three-bedroom/two-bath unit, providing an attractive diversity of layouts that appeal to a wide tenant base.
The building has been well maintained and thoughtfully improved over time, featuring a roof replacement completed in 2024, upgraded copper plumbing, and completed Soft-Story seismic retrofit. In addition, the property is not subject to SB 721 balcony inspection requirements, reducing future capital expenditure concerns. A shared on-site laundry room provides additional tenant convenience and supplemental income potential. Currently, four units are vacant, creating a rare opportunity for an investor to immediately reposition the asset, renovate units, and capture significant rental upside at market rates. With manageable operations and a straightforward layout, the property offers an ideal investment for both seasoned and first-time multifamily investors. Offered for sale for the first time in more than 50 years, this generational asset presents a unique opportunity to acquire a well-located apartment building with strong fundamentals, operational simplicity, and long-term growth potential.
The property is ideally positioned near the border of North Hollywood and Toluca Lake, two highly sought-after rental submarkets known for strong tenant demand, walkability, and proximity to major employment centers. The location benefits from convenient access to the NoHo Arts District, Universal Studios, Studio City, Burbank Media District, and major entertainment and production hubs that continue to drive housing demand. Residents enjoy close proximity to restaurants, cafes, retail amenities, and entertainment venues along Lankershim Boulevard and Riverside Drive, as well as easy access to the Metro Red Line, Hollywood Freeway (101), Ventura Freeway (134), and Interstate 5, providing seamless connectivity throughout Los Angeles. The surrounding area attracts professionals working in entertainment, media, healthcare, and technology sectors, supporting long-term rental stability and consistent occupancy levels. With ongoing neighborhood revitalization and continued investment throughout North Hollywood, the location remains one of the Valley’s most dynamic and growth-oriented multifamily markets.
• 8-unit multifamily property in prime North Hollywood / West Toluca Lake location
• First time on the market in more than 50 years
• Excellent unit mix: five (5) 1-bedroom units, two (2) 2-bedroom / 2-bath units, and one (1) 3-bedroom / 2-bath unit
• Approximately 7,236 SF building situated on a 7,500 SF lot
• LAR3 zoning offering long-term redevelopment potential
• Built in 1962 with functional and easy-to-manage layout
• Four (4) vacant units providing immediate value-add opportunity
• Roof replaced in 2024
• Upgraded copper plumbing throughout the building
• Soft-Story seismic retrofit completed
• No SB 721 balcony inspection requirement
• On-site community laundry room for additional income
• Strong rental demand location near major employment centers
• Ideal for investors seeking repositioning or long-term hold strategy
• Located near public Transportation - TOC Tier 3
• Located near the highly desirable Toluca Lake neighborhood
• Minutes from NoHo Arts District dining, entertainment, and retail amenities
• Close proximity to Universal Studios, Burbank Media District, and Studio City
• Easy access to the 101, 134, and I-5 freeways
• Near Metro Red Line providing convenient transit access to Hollywood and Downtown LA
• Surrounded by entertainment, media, and creative employment hubs
• Strong tenant demand driven by proximity to studios and production facilities
• Walkable neighborhood with restaurants, cafes, and neighborhood services nearby
• One of the San Fernando Valley’s most active and improving rental submarkets