Chateau Toluca Apartments: Burbank, California < Back
Chateau Toluca Apartments: Burbank, California
Chateau Toluca is a prominent 145 unit apartment community in the heart of Burbank. At the time of purchase the asset had yellow appliances, aging exterior features and a broken family ownership structure. IEC carefully renovated 87% of the units and implemented corporate rental units. Property revenue was increased by more than 20%. Chateau Toluca was sold off market to an institutional buyer in the largest Burbank multifamily transaction of 2007.