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$ 2,700,000
Est. payment | /mo
12 Beds
10 Baths
4,958 SqFt
$ 2,700,000
Est. payment | /mo
12 Beds
10 Baths
4,958 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,958 sqft
Price per Sqft $544
MLS Listing ID 26850669
Bedrooms 12
HOA Y/N No
Year Built 2025
Lot Size 8,258 Sqft
Lot Dimensions Assessor
Property Description
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 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.
Location
State CA
County Los Angeles
Area Tul - Toluca Lake
Zoning LAR1
Interior
Heating Central
Flooring Wood
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator
Laundry Stacked
Exterior
Parking Features Shared Driveway
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 2353026024
Special Listing Condition Standard
Listed by Filip Niculete Marcus & Millichap #01905352
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