10850 Bloomfield St , Los Angeles, CA 91602
$13,200,000
Est. Payment: $70,497.24/mo
11 Bed
9 Bath
40023 Sqft
Status: Active | Days on site: 6
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CLW-X83311 - CLW-C121733
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House Description

A rare opportunity to acquire a 28-unit luxury multifamily community in one of the San Fernando Valley's most coveted residential enclaves. Completed in 2016 and held by its original developer-owner since delivery, The Bloomfield offers investors newer construction, premium finishes, and an exceptional level of pride of ownership rarely available in today's market. The property features a well-balanced unit mix of one-, two-, and three-bedroom residences, each appointed with gourmet kitchens, custom cabinetry, stainless steel appliances, hardwood and tile flooring, and full-size front-loading washers and dryers. Private balconies, controlled telephone entry, gated subterranean parking with 53 spaces, bicycle storage, and dual-pane windows round out a resident experience built for long-term retention and premium rents. The building spans approximately 40,023 gross square feet on a 17,364-square-foot lot, with concrete foundation, wood-frame construction, and central HVAC throughout. Location is central to the opportunity. Situated in the heart of Toluca Lake, the asset is minutes from Studio City, Burbank, Universal City, and North Hollywood placing residents at the center of one of Los Angeles' most dynamic employment and entertainment corridors. Major studio employers including Warner Bros., Walt Disney Studios, NBCUniversal, and Universal Studios sit just miles away, supporting consistent renter demand from entertainment and media professionals. Everyday conveniences Trader Joe's, Gelson's, Vons, CVS, and the walkable Riverside Drive restaurant and retail corridor are all within easy reach, while access to the 101, 134, and 170 freeways connects residents throughout the Valley and greater Los Angeles. Financially, the offering presents meaningful upside. Current in-place rents sit roughly 8% below market, and two vacant units offer immediate mark-to-market potential upon lease-up. With a current occupancy of approximately 89%, a disciplined lease-up strategy could quickly close the gap between in-place and market rents, driving strong forward NOI growth. The asset's newer vintage also minimizes near-term capital expenditure needs relative to older Valley product, preserving investor returns. Combining original developer ownership, modern construction, a premier Toluca Lake address, and embedded rental upside, this offering represents a durable, income-producing investment in one of Los Angeles' most supply-constrained rental submarkets.

Highlights

Listed by Elliot Hassan , 310-488-7226 NorthMarq Realty Services, Inc. , 949-717-5200. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.4

Year Built

2016

County

Los Angeles

Area

TUL - Toluca Lake

Listing ID

26988939

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:11
  • Bathrooms:9
  • Full Bathrooms:0
Air Cond:Central Air
Fireplaces:

Exterior Features

Lot:No Land Lease
Garage Capacity:53
Zoning:LAR3
Others:
  • Additional:2+ Total Units
Parking Features:Underground
Principal Interest
$70,497
Taxes
$8,415

Home Price

$13,200,000

Loan Details

30 yrs
7.034%

Down Payment

20%
$2,640,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$70,497.24

Principal

Taxes

Principal Taxes HOA Total
Monthly $70,497.24 $8,415.00 $0.00 $78,912.24
Yearly $845,966.86 $100,980.00 $0.00 $946,946.86
Total $25,379,005.95 $3,029,400.00 $0.00 $28,408,405.95

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T01:02:47.000Z

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