We are 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… Read More 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. Read Less
Property listed by Marcus & Millichap, Filip Niculete 818-212-2700
Listing Snapshot
Days Online
12
Last Updated
Beds
12
Square Ft.
4,958
Lot Size
0.19 Acres
Year Built
2025
MLS Number
26850669
Additional Details
Appliances & Equipment
Dishwasher, Microwave, Refrigerator
Building
Built in 2025, Living area: 4958.0, 2 buildings, 2 stories, Levels: MultiSplit
Floors
Wood
Heating
Central
Income
Gross Income: $190,980, Net Operating Income: $142,251
Laundry
Stacked
Lot
0.1896 acres, Dimensions: 50x165
Parking
SharedDriveway
Taxes
Parcel Number: 2353026024, Zoning: LAR1
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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