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**ATTENTION DEVELOPERS** DELIVERED 50% VACANT!!!! In the heart of Toluca Lake sits a rare development opportunity in one of the Valley's most coveted and supply-constrained neighborhoods. This four-unit property is surrounded by luxury new construction, high-end retail, and some of the strongest renter demand in Los Angeles. The site offers exceptional upside for builders and investors looking to create scale in a true A+ location.The sale includes fully prepared plans for a 24-unit development, offering a significant head start for any developer ready to move quickly. Properties with this level of entitlement and potential in Toluca Lake are extremely limited, making this an opportunity that is nearly impossible to replicate.
Listing agent: Michelle Schwartz DRE #01889141 Mschwartz@theagencyre.com, Listing office: The Agency
MLS data updated 10/16/2026, 6:23:15 PM PT
Source: CRMLS, MLS #: 26897257
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Sep 29, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,899,000Asking price recorded · Sep 29, 2026ZIP 91602 · Sep 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.