5643 Laurel Canyon Blvd - Apartments FOR SALE


Valley Village, CA 91607
$3,365,000 USD
310-941-5899
5643 Laurel Canyon Blvd, Valley Village, CA for Sale
$3,365,000 USD
Apartments - FOR SALE
1/7
null | 4.09% Cap Rate

5643 Laurel Canyon Blvd
Valley Village, CA 91607


HIGHLIGHTS

  • Located in highly desirable Valley Village
  • 17 On-site Parking Spaces
  • Potential opportunity to add ADUs (buyer to verify)
  • On-site Pool & Laundry
  • Unit mix of 11 two-bedroom/one-bath and 5 one-bedroom/one-bath units
  • Completed earthquake retrofit

OVERVIEW

5643 Laurel Canyon Blvd. is a 16-unit multifamily investment opportunity in Valley Village, built in 1955 and offered after long-term ownership with significant upside potential for a new buyer. The unit mix consists of 11 two-bedroom/one-bath units and 5 one-bedroom/one-bath units, giving the property a diversified rent roll and multiple avenues for value-add repositioning. The property has completed its earthquake retrofit. The building includes 17 on-site parking spaces, on-site laundry and a pool. There may also be an opportunity to add ADUs to the site, increasing unit count and income potential (buyer to verify). Valley Village is one of the San Fernando Valley's more desirable residential submarkets, known for its tree-lined streets and strong rental demand from tenants seeking a quieter, more established neighborhood feel while remaining close to the broader Studio City, Sherman Oaks, and North Hollywood employment and retail corridors. This combination of long-term ownership, below-market positioning potential, and a well-located asset in a tightly held submarket makes 5643 Laurel Canyon Blvd. an attractive opportunity for an investor looking to execute a value-add business plan in one of the Valley's stronger rental markets.

FOR SALE DETAILS

PRICE

$3,365,000 USD

PRICE/SF

$144 USD /SF

# OF UNITS

16

PRICE/UNIT

$210,313

CAP RATE

4.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,499 SF

ZONING

LAR3

APN/PARCEL ID

2340-026-050

ASK ABOUT THIS PROPERTY

Jeff LouksMarcus & MillichapMore Info
310-941-5899

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Jeff LouksMarcus & MillichapMore Info
310-941-5899

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