Toluca Lake | 2025-Built | 4 Units

Highlights:

• 100% leased with achieved stabilized gross scheduled rent of $190,980
• Two front 4BR/3BA townhomes plus two rear 2BR/2BA ADUs
• 2025 construction exempt from Los Angeles RSO and California AB 1482 by vintage
• Tenant-paid trash, electric, and internet/cable
• Owned solar for common-area electrical use, with in-unit washer/dryer, central HVAC, vinyl-plank flooring, custom shades, and Samsung stainless appliances

Description:

The LAAA Team of Marcus & Millichap is 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 rentablesquare feet.

Every unit was delivered with European cabinetry, stainless Samsung appliances, in-unit washer/dryer, vinyl-plank flooring, custom shades, and central HVAC. The propertyis gated and carries owned solar offsetting common-area load; the two front townhomes include four dedicated parking spaces. There is no deferred maintenance and thelowest 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 poolwell 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 thesold-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 anestablished Toluca Lake location.