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**ATTENTION DEVELOPERS** In the heart of Toluca Lake sits a rare development opportunity in one of the Valley's most coveted and supply-constrained neighborhoods. This four-unit property is surrounded by luxury new construction, high-end retail, and some of the strongest renter demand in Los Angeles. The site offers exceptional upside for builders and investors looking to create scale in a true A+ location.The sale includes fully prepared plans for a 24-unit development, offering a significant head start for any developer ready to move quickly. Properties with this level of entitlement and potential in Toluca Lake are extremely limited, making this an opportunity that is nearly impossible to replicate.
The income description goes here to explain
| List Price | $2,150,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 3,227 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1941 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2423023026 |
| MLS # | 25626095 |
| Property ID | 322435631 |
| Lot Sqft | 9,027 |
| Zoning | LAR3 |
| Total Units | 4 |
| Days on Market | 96 |
| Original List Price | $2,250,000 |
| Date Updated | February 23, 2026 |
| Date Created | December 05, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 2.00 | $2,210 | $2,500 |
| Unit #2 | 1 | 1.00 | $1,843 | $2,500 |
| Unit #3 | 1 | 1.00 | $0 | $2,500 |
| Unit #4 | 1 | 1.00 | $1,063 | $2,500 |
| Gross Income (Yr) | $ 61,398 |
| Operating Expenses | $ 0 |
| Net Income (Yr) | $ 0 |
Jason Afriat an agent of The Agency. Lic #02045766
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT