| Unit | Type | SF | Status | In-Place Rent | Market Rent | Lease Term |
|---|---|---|---|---|---|---|
| 11023 | 2BR / 2BA | 800 | Occupied | $3,275 | $3,275 | 02/2026 - 02/2027 |
| 11023½ | 2BR / 2BA | 800 | Vacant — Available | — | $2,995 | Advertised |
| 11025 | 4BR / 3BA | 1,700 | Occupied | $4,895 | $4,895 | 02/2026 - 01/2027 |
| 11025½ | 4BR / 3BA | 1,700 | Occupied | $4,750 | $4,750 | 04/2026 - 03/2027 |
| 4 Units | 75% Occupied | 5,000 | 3 of 4 leased | $12,920 | $15,915 | Monthly |
| Annualized | $155,040 | $190,980 | ||||
| Qty | Type | Avg SF | In-Place Rent | Rent Roll Market | Broker Underwritten | Rent / SF |
|---|---|---|---|---|---|---|
| 2 | 2BR / 2BA Townhome Flat | 800 | $3,275 (1 of 2) | $2,995-$3,275 | $3,350 | $4.09-$4.19 |
| 2 | 4BR / 3BA Three-Level Townhome | 1,700 | $4,823 avg | $4,823 avg | $4,895 | $2.84-$2.88 |
| 4 | Total / Avg | 1,250 | $12,920 /mo | $15,915 /mo | $16,490 /mo | $3.18-$3.30 |
| Line Item | Annual | Per Unit | Per SF |
|---|---|---|---|
| Real Estate Taxes (1.20% of price) | $31,800 | $7,950 | $6.41 |
| Insurance | $5,958 | $1,490 | $1.20 |
| Utilities (common) | $1,200 | $300 | $0.24 |
| Repairs & Maintenance | $2,000 | $500 | $0.40 |
| Landscaping | $1,200 | $300 | $0.24 |
| General & Administrative | $600 | $150 | $0.12 |
| Operating Reserves | $800 | $200 | $0.16 |
| Management Fee (4.0% of EGI) | $7,678 | $1,919 | $1.55 |
| Total Operating Expenses | $51,236 | $12,809 | $10.33 |
Toluca Lake is a low-density, high-amenity neighborhood at the southern edge of the San Fernando Valley, bordered by Burbank, Studio City, and North Hollywood. The 91602 zip code anchors one of the Valley's most stable rental submarkets, with a single-family-dominant fabric that limits new multifamily supply and supports premium per-unit pricing on the small-lot product that does deliver.
The property sits two blocks south of Riverside Drive, the area's primary retail corridor, and a five-minute drive to Warner Bros. Studios, Universal Studios, Walt Disney Studios, and the NoHo Arts District. Job centers in the Burbank Media District, Studio City, and Downtown Burbank are all within a ten-minute commute, and the 134, 101, and 170 freeways provide direct access to greater Los Angeles.
Toluca Lake renters skew toward established media, entertainment, and healthcare professionals seeking a quieter alternative to Studio City or West Hollywood at meaningfully lower per-SF rents. The 4BR townhome product at Blix is particularly well-positioned for family renters priced out of single-family rentals in the same zip code, where median asking is well above $7,500 / mo.
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Net Operating Income (NOI), Cap Rate, Gross Rent Multiplier (GRM), and other operating metrics shown in this Marketing Brochure are based on rent figures provided by the seller and / or assumptions made by the listing broker. The actual rents collected may differ. Buyers should conduct their own independent due diligence with regard to all rent, expense, and lease information and shall not rely on the information provided herein.