5643 Laurel Canyon BLVD, Valley Village, CA 91607
5643 Laurel Canyon BLVD, Valley Village, CA 91607
5643 Laurel Canyon BLVD, Valley Village, CA 91607
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$3,365,000
Est. payment /mo
27 Beds
16 Baths
13,029 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 13,029 sqft

Price per Sqft $258

MLS Listing ID 26885665

Bedrooms 27

HOA Y/N No

Year Built 1955

Lot Size 0.471 Acres

Property 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.

Location

State CA

County Los Angeles

Area Vg - Valley Glen

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Microwave, Refrigerator

Exterior

Parking Features Covered, Uncovered

Pool In Ground

Community Features Gated

Total Parking Spaces 17

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2340026050

Security Features Gated Community

Special Listing Condition Standard

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Listed by Jeffrey Louks Marcus & Millichap #00908473

NEARBY SCHOOL & BUSINESS

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