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    5807 Laurel Canyon Blvd

    Valley Village, CA 91607
    • $19,450,000
    • STATUS: Active
    • ON SITE: 33 days
    • MLS #: 21-773066
    $19,450,000
    • 56
      BEDS
    • 0.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 42,524
      SQFT
    • $457
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1985
    County:
    Area:

    School Ratings & Info

    Description

    Situated on a corner lot with excellent street visibility along Laurel Canyon Boulevard, the property offers tenants the convenience to walk to the new NoHo West development and its 25 acres of retail and entertainment destinations. More than 25% of the apartments have been completely remodeled to include in-unit washer/dryers, stainless steel appliances, quartz countertops, wood flooring, and upgraded bathrooms. A new investor may continue this remodeling program and apply the same blueprint to the remaining units in order to capture the assets significant rent upside. Constructed in 1985, NoHo Centre features an impressive amenities package, with central air/heat in all units, at least one balcony in every unit (except singles), large walk-in pantries in all units, at least one garage parking space per bedroom, a laundry room on every floor, an elevator, and a landscaped courtyard. The spacious floorplans range from 729 to 812 square feet for one bedroom units, while the two bedroom units average approximately 1,027 square feet each. The property has been upgraded with a new cool roof coating, new fence, new garage paint, new security camera system, and several new air conditioning units. With the new NoHo West mega-development recently coming online, tenants are within short distance of a new Trader Joes, Regal Cinemas, Starbucks, and several other national retailers. In addition, tenants can easily drive to the trendy and revitalized NoHo Arts District, just 1.6 miles away. Also within close proximity are the prestigious neighborhoods of Studio City, Sherman Oaks, and Toluca Lake, with the high-end shops and restaurants of the world-famous Ventura Boulevard just 2.2 miles south. Although the property boasts ample reserved parking, public transportation is highly accessible to tenants as well. The North Hollywood Metro Station, the Valleys largest public transportation hub, which connects the Red Line and Orange Line, sits just 1.5 miles from NoHo Centre.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T23:42:34.71. 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.
    www.searchdesertrealestate.com/homes/120747823
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    5807 Laurel Canyon Blvd Valley Village, CA 91607

    • Price: $19,450,000
    • Status: Active
    • MLS #: 21-773066
    56
    Beds
    0
    Baths
    0
    ½ Baths
    0.6
    Acres
    42,524
    SQFT
    $457
    $/SQFT
    1985
    Built
    Neighborhood:
    Valley Glen
    County:
    Los Angeles
    Area:
    Valley Glen
    Property Description
    Situated on a corner lot with excellent street visibility along Laurel Canyon Boulevard, the property offers tenants the convenience to walk to the new NoHo West development and its 25 acres of retail and entertainment destinations. More than 25% of the apartments have been completely remodeled to include in-unit washer/dryers, stainless steel appliances, quartz countertops, wood flooring, and upgraded bathrooms. A new investor may continue this remodeling program and apply the same blueprint to the remaining units in order to capture the assets significant rent upside. Constructed in 1985, NoHo Centre features an impressive amenities package, with central air/heat in all units, at least one balcony in every unit (except singles), large walk-in pantries in all units, at least one garage parking space per bedroom, a laundry room on every floor, an elevator, and a landscaped courtyard. The spacious floorplans range from 729 to 812 square feet for one bedroom units, while the two bedroom units average approximately 1,027 square feet each. The property has been upgraded with a new cool roof coating, new fence, new garage paint, new security camera system, and several new air conditioning units. With the new NoHo West mega-development recently coming online, tenants are within short distance of a new Trader Joes, Regal Cinemas, Starbucks, and several other national retailers. In addition, tenants can easily drive to the trendy and revitalized NoHo Arts District, just 1.6 miles away. Also within close proximity are the prestigious neighborhoods of Studio City, Sherman Oaks, and Toluca Lake, with the high-end shops and restaurants of the world-famous Ventura Boulevard just 2.2 miles south. Although the property boasts ample reserved parking, public transportation is highly accessible to tenants as well. The North Hollywood Metro Station, the Valleys largest public transportation hub, which connects the Red Line and Orange Line, sits just 1.5 miles from NoHo Centre.
    Exterior Features

    Lot Size Area 26087 Other Structures None Parking Garage Garage Total Parking 84

    Interior Features

    Baths Total 62.00 Cooling Air Conditioning Equipment DishwasherElectric Dryer HookupWasherOther Heating Central

    Property Features

    Assessed Total Value 8341636 Gross Income 1286829 Gross Operating Income 1249523 Like Units1 6 Like Units2 44 Like Units3 6 Net Operating Income 782203.00 Number Of Buildings 1 Number Of Units 56 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 467320 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T23:42:34.71. 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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