4632-4636 Laurel Canyon Blvd - Apartments FOR SALE


Valley Village, CA 91607
$8,500,000 USD
818-212-2694
4632-4636 Laurel Canyon Blvd, Valley Village, CA for Sale
$8,500,000 USD
Apartments - FOR SALE
1/14
null | 5.33% Cap Rate

4632-4636 Laurel Canyon Blvd
Valley Village, CA 91607


HIGHLIGHTS

  • Value-Add Opportunity
  • 60% in Rental Upside
  • 44 Parking Spaces & Private Storage Cabinets
  • 2 On-Site Laundry Rooms
  • Gated Access & Parking

OVERVIEW

Marcus & Millichap is pleased to present 4636 Laurel Canyon Blvd, a 44-unit multifamily property located in Valley Village. This property represents a value-add opportunity for investment in a highly sought-after pocket of the San Fernando Valley, situated only minutes away from Studio City, Sherman Oaks, North Hollywood, and Toluca Lake. 4636 Laurel Canyon Blvd is an ideal choice for investors seeking approximately 55% in rental upside through interior and exterior renovation programs. Constructed in 1963, this two-story property comprises thirteen 1-bedroom/1-bathroom units, thirty 2-bedroom/1-bathroom, and one 2-bedroom/2-bathroom. All units are equipped with wall unit air conditioners and are individually metered for gas and electricity utilities. The property includes 44 parking spaces with private storage cabinets, 2 on-site laundry rooms, gated parking, and gated access. 4636 Laurel Canyon Blvd is situated just south of Riverside Drive with Whitsett Avenue to the west and Colfax Avenue to the east. Residents have easy access to several nearby bus stops on Riverside Drive and Laurel Canyon Boulevard. Moreover, its proximity to the Silver Triangle located on Ventura Boulevard with its variety of retail shops, restaurants, offices, shopping centers, and other places of business ensures a high demand for rental units. For commuters, the property is near on and off ramps to the 101 Freeway, allowing access throughout the San Fernando Valley and into the city of Los Angeles.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$199 USD /SF

# OF UNITS

44

PRICE/UNIT

$193,182

CAP RATE

5.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Laurel Canyon Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

39,901 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2355-015-050

ASK ABOUT THIS PROPERTY

Sevak KeshishianThe SK Group of Marcus & MillichapMore Info
818-212-2694

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Sevak KeshishianThe SK Group of Marcus & MillichapMore Info
818-212-2694

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.