Multifamily

10911 Bloomfield St

Listing Price: $2,600,000

Cap Rate
3.44%
Number of Units
9
GRM
16.49
Occupancy
97.00%
Price/Unit
$288,889
Price/Gross SF
$368.48
Gross SF
7,056

Investment Overview

Marcus & Millichap is proud to present a 9 unit apartment building in a prime West Toluca Lake Location. The property has an excellent unit mix of Three Studio/One Bath Units , Two One Bedroom/One Bath Unit, Three Two Bedroom/Two Bath Units and One Three Bedroom/Two Bath Units. Built in 1986, the property is not subject to LA City rent control. (Property is subject to California's Tenant Protection Act, AB 1482)

With a "Very Walkable" Walkscore of 73, residents have easy access to all the dining, shopping, entertainment options that Toluca Lake has to offer. In addition to the walk-able amenities of the area, there are major employment and entertainment centers close by such as Universal Studios, Universal CityWalk, Warner Brothers Studios and Lakeside Golf Club. Centrally located near the 101, 170 and 134 freeways, residents also have easy access to other desirable locations such as Studio City, NoHo Arts District, Hollywood, Glendale and Burbank.

This is an excellent value-add opportunity in a very desirable West Toluca Lake Location.

Investment Highlights

  • Universal Studios, Universal CityWalk, Warner Brothers Studios Nearby
  • Prime West Toluca Lake Location
  • Built in 1986
  • Very Low Rents - Over 40% Upside
  • Desirable Unit Mix of Studio, One, Two and Three Bedroom Units
  • Four Tandem Garages & Six Open Parking Spaces

Exclusively Listed By

Listing Price: $2,600,000

Cap Rate
3.44%
Number of Units
9
GRM
16.49
Occupancy
97.00%
Price/Unit
$288,889
Price/Gross SF
$368.48
Gross SF
7,056

Investment Highlights

  • Universal Studios, Universal CityWalk, Warner Brothers Studios Nearby
  • Prime West Toluca Lake Location
  • Built in 1986
  • Very Low Rents - Over 40% Upside
  • Desirable Unit Mix of Studio, One, Two and Three Bedroom Units
  • Four Tandem Garages & Six Open Parking Spaces

Investment Overview

Marcus & Millichap is proud to present a 9 unit apartment building in a prime West Toluca Lake Location. The property has an excellent unit mix of Three Studio/One Bath Units , Two One Bedroom/One Bath Unit, Three Two Bedroom/Two Bath Units and One Three Bedroom/Two Bath Units. Built in 1986, the property is not subject to LA City rent control. (Property is subject to California's Tenant Protection Act, AB 1482)

With a "Very Walkable" Walkscore of 73, residents have easy access to all the dining, shopping, entertainment options that Toluca Lake has to offer. In addition to the walk-able amenities of the area, there are major employment and entertainment centers close by such as Universal Studios, Universal CityWalk, Warner Brothers Studios and Lakeside Golf Club. Centrally located near the 101, 170 and 134 freeways, residents also have easy access to other desirable locations such as Studio City, NoHo Arts District, Hollywood, Glendale and Burbank.

This is an excellent value-add opportunity in a very desirable West Toluca Lake Location.

Exclusively Listed By

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