JohnHart Real Estate Acquires Mixed-Use Property In Toluca Lake, CA For $7.5M

A mixed-use property located at 4500 Forman Avenue in Toluca Lake, CA has been sold for a price of $7,500,000. The property spans across 10,500 square feet, resulting in a price per square foot of $714.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $7,500,000
• Address: 4500 Forman Avenue, Toluca Lake, CA
• Market: Toluca Lake, CA
• Buyer's Representative: Karl Markarian & Abel Mehrabi - JohnHart Real Estate

The successful closing of this true gem building at 4500 Forman Avenue marks a significant milestone for the buyers. Situated in the heart of Toluca Lake, the property's strategic location offers unparalleled accessibility and visibility, making it a coveted address in the area.

It is worth mentioning that this transaction also includes another building located at 10151 Riverside Drive in Toluca Lake, CA, further expanding the buyer's portfolio in this desirable neighborhood.

Overall, this sale showcases the demand for mixed-use properties in Toluca Lake, CA and highlights the expertise of Karl Markarian and Abel Mehrabi from JohnHart Real Estate, who represented the buyers in this successful deal.