5643 Laurel Canyon Boulevard,Valley Village, CA 91607
Valley Village, CA 91607
Description
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 to execute a value-add business plan in one of the Valley's stronger rental markets.
Details
| MLS # | 26885665 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1955 |
| Days On Site | 20 |
| Listing Provided By | Marcus & Millichap | Jeffrey Louks |
Features
| Bed(s) | 27 |
|---|---|
| Bath(s) | 16 |
| SQ Feet | 13,029 |
| Story(s) | 2 |
| Units | 16 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.47 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Microwave, Refrigerator |
Exterior
| Security Features | Gated Community |
|---|
Parking
| Parking Features | Covered, Uncovered |
|---|
Location
| Community Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Valley Village |
| Zip Code | 91607 |
| Area | VG Valley Glen |
| Listing VS Median (in 91607) | |
Price: $3,365,000 low | high Med: $675,000 sqft: 13,029 low | high Med: 1,246 $ / sqft: $258 low | high Med: $542 On site: 20 low | high Med: 101 | |
Market Activity 91607
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Valley Village |
| Zip Code | 91607 |
| Area | VG Valley Glen |
| Listing VS Median (in 91607) | |
Price: $3,365,000 low | high Med: $675,000 sqft: 13,029 low | high Med: 1,246 $ / sqft: $258 low | high Med: $542 On site: 20 low | high Med: 101 | |