$19,050,000
$19,450,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
5807 LAUREL CANYON BLVD Valley Village, CA 91607
56 Beds
62 Baths
42,524 SqFt
Key Details
Sold Price $19,050,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 42,524 sqft
Price per Sqft $447
MLS Listing ID 21773066
Sold Date 12/21/21
Bedrooms 56
HOA Y/N No
Year Built 1985
Lot Size 0.599 Acres
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.
Location
State CA
County Los Angeles
Area Vg - Valley Glen
Zoning LAR3
Interior
Heating Central
Fireplace No
Appliance Dishwasher, Washer
Exterior
Parking Features Garage
Total Parking Spaces 84
Building
Story 4
New Construction No
Others
Senior Community No
Tax ID 2340012024
Special Listing Condition Standard
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Bought with Roderick 'Rick' Raymundo • Marcus & Millichap