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4319 Toland Way

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4319 Toland Way | Los Angeles, CA

$5,500,000

15,888 SQ.FT.

Toland Garden is a 17-unit very well-maintained apartment community in Eagle Rock area of the City of Los Angeles, California. The property is an attractive low-rise garden style apartment community and consists of 2 buildings that are situated on a large 20,813 square foot lot. The property offers a rare opportunity for investor to acquire a well-maintained apartment in a rapidly gentrifying area with many new developments nearby and almost no inventory of apartments for sale in the neighborhood. This rare investment offering is suitable for an owner-user who can use the front house, a 1031 exchange buyer, or a sophisticated investor that can take this property to the next level. The front building is a 2-bedrooms and 1-bathroom single family house that was built in 1921. The back building is a two-story 16-unit apartment that was built in 1965. The apartment consists of one (1) 3-bedrooms+1.5-bathroom townhouse style, six (6) 2-bedrooms+1.5-bathroom townhouse style, eight (8) 2-bedrooms+1-bathroom, and one (1) 1-bedroom+1.5-bathroom townhouse style units. Each unit is large and bright with good layout, separately metered for electricity and gas. Each unit has individual laundry-hookups and upgraded units have washer and dryer.
Listing Provided by Handoko Chen, GIG Real Estate Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of August 20, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.