4540 Laurel Canyon Boulevard, Valley Village , CA  91607 for $1,725,000 


 

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Contact - Listing ID 21696532


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Julio Manzo

301 Mission Avenue Suite 212
Oceanside, CA 92054

4540 Laurel Canyon Boulevard

Valley Village, California CA91607-4175

Sold For$1,700,000$95K

We are proud to present 4540 Laurel Canyon Boulevard located in Valley Village, California, one of the best neighborhoods in the San Fernando Valley. The property is ideally located directly across the street from Campbell Hall school, one of the top private K-12 schools in Los Angeles county serving over 1,100 students, and the property is just south of the 101 freeway and within one block of the Studio City border. In fact, depending on the map you are looking at, this property could easily be described as being in Studio City, although it is technically in Valley Village. This 6 unit multifamily property, built in 1947, has a total building size of 4,318 SF and sits on a 7,126 SF lot. The building has an attractive unit mix of (1) Studio / 1-Bath unit, (3) 1-Bed / 1-Bath units, and (2) 2-Bed / 1-Bath units. This value add opportunity has over an estimated 31% upside potential in rents, and the property does not need any soft story retrofitting like many others do in the area, which helps the investor focus their capital improvement money on upgrading the units to raise rents and/or adding ADUs. This property is an ideal candidate to take advantage of the new ADU laws where an investor could quickly and cheaply add 1 or 2 detached ADUs at the back of the lot.
Listing ID21696532
Sold For$1,700,000
Price/SqFt$393.70
StatusClosed
SqFt 4,318
Acres 0.160
CountyLos Angeles
Year Built1947
Property TypeResidential Income
© 2021. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Last updated Monday, November 29th, 2021.

Based on information from CARETS as of Monday, November 29th, 2021 06:23:44 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listing courtesy of Filip Niculete, DRE #01905352 from Marcus & Millichap

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