Price: $3,060,000
Lot Size: 12,012 SF | Building Size: 7,496 SF
ADDRESS
11100 Camarillo Street
West Toluca Lake, CA 91602
The Ghobadi Investment Team at Colliers International is pleased to present an exceptional 8-unit multifamily investment opportunity in a prime North Hollywood/West Toluca Lake neighborhood, one of the San Fernando Valley’s most desirable and supply-constrained rental markets.
Built in 1962, the property consists of an estimated 7,236 square feet of improvements on a 7,500 square foot LAR3-zoned parcel, offering both strong in-place income and future upside potential. The unit mix includes five 1-bedroom units, two 2-bedroom/2-bath units, and one spacious 3-bedroom/2-bath unit, providing an attractive diversity of layouts that appeal to a wide tenant base.
The building has been well maintained and thoughtfully improved over time, featuring a roof replacement completed in 2024, upgraded copper plumbing, and completed Soft-Story seismic retrofit. In addition, the property is not subject to SB 721 balcony inspection requirements, reducing future capital expenditure concerns. A shared on-site laundry room provides additional tenant convenience and supplemental income potential.
Currently, four units are vacant, creating a rare opportunity for an investor to immediately reposition the asset, renovate units, and capture significant rental upside at market rates. With manageable operations and a straightforward layout, the property offers an ideal investment for both seasoned and first-time multifamily investors.
Offered for sale for the first time in more than 50 years, this generational asset presents a unique opportunity to acquire a well-located apartment building with strong fundamentals, operational simplicity, and long-term growth potential.
The property is ideally positioned near the border of North Hollywood and Toluca Lake, two highly attractive rental submarkets known for strong tenant demand, walkability, and proximity to major employment centers. The location is close to the NoHo Arts District, Universal Studios, Studio City, Burbank Media District, and major entertainment and production hubs that continue to drive housing demand.
Residents enjoy close proximity to restaurants, cafes, retail amenities, and entertainment venues along Lankershim Boulevard and Riverside Drive, as well as easy access to the Metro Red Line, Hollywood Freeway (101), Ventura Freeway (134), and Interstate 5, providing seamless connectivity throughout Los Angeles.
The surrounding area attracts professionals working in entertainment, media, healthcare, and technology sectors, supporting long-term rental stability and consistent occupancy levels. With ongoing neighborhood revitalization and continued investment throughout North Hollywood, the location remains one of the Valley’s most dynamic and growth-oriented multifamily markets.
PROPERTY INFORMATION
8-unit multifamily property in prime North Hollywood/West Toluca Lake location
Value-add opportunity - currently four (4) vacant units
First time on the market in more than 50 years
Excellent unit mix: five (5) 1-bed units, two (2) 2-bed/2-bath units, and one (1) 3-bed/2-bath unit
Approximate 7,236 SF building situated on a 7,500 SF lot
LAR3 zoning offering long-term redevelopment potential
Built in 1962 with functional and easy-to-manage layout
Ten (10) parking spaces - 2 tandem and 6 single spaces
Roof replaced in 2024
Upgraded copper plumbing throughout the building
Central Air Conditioning in every unit
Soft-Story seismic retrofit completed
No SB 721 balcony inspection requirement
On-site community laundry room for additional income
Strong rental demand location near major employment centers
Ideal for investors seeking repositioning or long-term hold strategy
Located near public Transportation - TOC Tier 3
Located near the highly desirable Toluca Lake neighborhood
Minutes from NoHo Arts District dining, entertainment, and retail amenities
Close proximity to Universal Studios, Burbank Media District, and Studio City
Easy access to the 101, 134, and I-5 Freeways
Near Metro Red Line providing convenient transit access to Hollywood and Downtown LA
Surrounded by entertainment, media, and creative employment hubs
Strong tenant demand driven by proximity to studios and production facilities
Walkable neighborhood with restaurants, cafes, and neighborhood services nearby
One of the San Fernando Valley’s most active and improving rental submarkets