Homes for sale - 6819 Laurel Canyon BLVD, North Hollywood, CA 91605...

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Allesen Cann

allesen@deanaguilargroup.com +1(619) 992-0646

$ 4,500,000

Est. payment | -/mo

35 Beds

36 Baths

17,466 SqFt

Save

$ 4,500,000

Est. payment | -/mo

Save

35 Beds

36 Baths

17,466 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 17,466 sqft

Price per Sqft $257

MLS Listing ID 25506299

Bedrooms 35

HOA Y/N No

Year Built 1982

Lot Size 0.334 Acres

Property Description

Located in the heart of North Hollywood, 6819 Laurel Canyon Blvd. presents a rare 20-unit investment opportunity with significant rental upside and no local rent control restrictions. Built in 1982, this courtyard-style complex allows for annual rental increases of 5% + CPI (currently 8.9%). Offered at $225,000 per unit and $258 per square foot, the property is priced as a high-potential value-add investment. With 60% rental upside, investors can achieve a stabilized 9.45% CAP rate and a 7.78 GRM, based on market-rate renovated units in the area. The unit mix consists of (16) two-bedroom, two-bath units, (3) one-bedroom units, and (1) studio. Beyond the strong in-place income and rental upside, 6819 Laurel Canyon sits on a large 14,555 SF lot, offering the opportunity to add ADUs for even greater cash flow potential (buyer to verify). The property also features subterranean parking for approx. 37 vehicles, a new roof, and a new water heater, minimizing future capital expenditures. Situated just north of Vanowen St. and 2.5 miles from the NoHo Arts District, the property is positioned in one of the most dynamic and evolving submarkets in LA. North Hollywood has seen an influx of investment, including the transformative 15-acre NoHo Metro Station redevelopment, adding 1,500 new residential units, office space, retail, and hospitality, further elevating the area's desirability and rental demand.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAR3

Interior

Heating Wall Furnace

Fireplaces Type None

Fireplace No

Laundry Common Area, In Garage

Exterior

Parking Features Underground, Gated

Community Features Gated

View Y/N No

View None

Total Parking Spaces 37

Building

Faces East

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2321026043

Security Features Gated Community,Key Card Entry

Special Listing Condition Standard

Listed by Kenny Stevens • Compass

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 992-0646

allesen@deanaguilargroup.com

1420 Kettner Blvd, Diego, CA, 92101, United States

6819 Laurel Canyon BLVD North Hollywood, CA 91605