4522 Laurel Canyon Blvd - Apartments FOR SALE


Valley Village, CA 91607
$1,495,000 USD
323-397-0800
4522 Laurel Canyon Blvd, Valley Village, CA for Sale
$1,495,000 USD
Apartments - FOR SALE
1/14
null | 5.81% Cap Rate

4522 Laurel Canyon Blvd
Valley Village, CA 91607


HIGHLIGHTS

  • 3 Casita's, Easy Travel to Studios

OVERVIEW

Remodeled unit over garages to be delivered with tenant on new lease paying $3k a month. Other two "original condition" units to be delivered vacant. Estimated rent of $3300 month for 2 vacant units, GRM & Cap Rate is projected based on buyer remodeling those two units (approx $100k additional remodel investment). Valley Village Triplex offering a remarkable opportunity for those seeking a prime investment! This property boasts a total of 3 cottage-style units (2 to be delivered vacant). This gem is a rare find in today's market; each unit features one bedroom and one bathroom casitas, providing comfortable, convenient, and private living spaces for tenants. The property sits on a generous lot and offers ample outdoor space. A 3-car garage adds further value to the property, presenting the potential for ADU (4th unit) or providing secure parking for tenants. The unit over the garages has been beautifully updated including new kitchen with stainless steel appliances, stackable washer/dryer, new cabinets, countertops, flooring, mirrored closet doors, new bathroom featuring walk-in shower with new vanity, sink and faucet, and is currently occupied at market rent ($3k month). The other two units are ground level and in great original condition (will be delivered vacant). Rent as-is or update for higher rental prices. Each unit has a private outdoor area to enjoy BBQs and relaxation. Conveniently located in Valley Village (a stone's throw to Studio City), residents will enjoy easy access to a wide array of amenities, entertainment, and dining options including close distance to Universal Studios and CBS; and walking distance to Ventura Blvd shopping, dining, fitness and recreation. Investors and homeowners alike will be drawn to the potential of this property, whether seeking a solid rental income or the opportunity to customize the space to their liking. Don't miss out on this chance to own a piece of prime real estate; an exceptional opportunity not to be missed. Schedule a viewing today and explore the possibilities that this property has to offer!

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$869 USD /SF

# OF UNITS

3

PRICE/UNIT

$498,333

CAP RATE

5.81%

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,009 SF

ZONING

-

APN/PARCEL ID

2364-001-005

ASK ABOUT THIS PROPERTY

323-397-0800

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323-397-0800

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