Investment Overview

Marcus & Millichap is pleased to present 4444 Ensign Avenue, a 40-unit apartment building in the beautiful residential neighborhood of West Toluca Lake, California. Built in 1979, the property is not subject to LA City Rent Control (only subject to California State Rent Control). The building consists of 27 one-bedroom/one-bathroom units, 4 one-bedroom/one-bathroom with den units and 9 two-bedroom/two-bathroom units. The property features gated subterranean parking, controlled access, on-site laundry facility and a pool. The units feature garbage disposals, refrigerators, air-conditioning and open floor plans. The 34,547 sf building sits on a large 0.6 AC lot that is LAR3 zoned. 4444 Ensign Avenue boasts a Walk Score of 82 as it just blocks from trendy coffee shops, cafes, restaurants and retail along both Riverside Drive and Vineland Avenue. The property is conveniently located near the 101, 134 and 170 freeways providing easy access to surrounding NoHo Arts District, Sherman Oaks, Encino, Burbank, Universal City, Hollywood and Glendale. The property is also short distance from the Universal/Studio City and North Hollywood Metro Red Line Stations offering a viable public transportation option for tenants. Toluca Lake is situated in the southeastern San Fernando Valley, approximately 12 miles northwest of Downtown Los Angeles. It is bounded on the south by Universal City, on the west by Studio City, on the north by North Hollywood and on the east by the city of Burbank. Many attractions are just minutes away, including Garry Marshall’s Falcon Theatre, the historic original Bob’s Big Boy drive-in, Warner Brothers Studios, Universal Studios and Tour, Hollywood, Universal Studios City Walk and beautiful Griffith Park –the largest urban park in the United States.