Brand new construction in Toluca Terrace! OFFERED AT A 7.2% CAP RATE. This stylish 7-unit townhome complex offers modern design, space, and functionality on three structures. Features include an open-concept layout, high ceilings, wide-plank flooring, and abundant natural light throughout. The kitchens boast designer appliances, custom cabinetry, and sleek countertops that flow seamlessly into the living and dining areas. The layouts are as follows - 5246 Auckland is a 4-bed 3.5-bath 1869 sf front unit, 5246 1/2 is a 4-bed 3.5-bath 1869 sf front unit. The spacious bedrooms include a primary suite with ample closet space and beautifully finished en-suite baths. These units have ample balconies and a private roof deck with city and mountain views, perfect for entertaining or relaxing. Two parking spaces per unit. 5248 and 5248 1/4 are both 3-bed 3.5-bath 1643 sf units at the rear structure. These units also have spacious balconies, a private roof deck, and two parking spaces per unit. Both structures have a 1-bed 1-bath studio loft that are 635 and 620 sf respectively. The rear structure has a 1-bed, 1-bath, 437 sf ADU. Prime location near Toluca Lake, NoHo Arts District, and major studios, with easy access to dining, cafes, and freeways. A rare opportunity to acquire brand-new, design-forward townhomes on a quiet cul-de-sac. OPPORTUNITY ZONE ALLOWS FOR INCREDIBLE TAX SAVING INCENTIVES. A MUST SEE!