5807 Laurel Canyon Blvd

Valley Village, CA, 91607

$19,450,000

$457 per ft²
$19,450,000
$457 per ft²
Active
Active
 - For Sale
beds
56 Beds
baths
62 Baths
carpenters-square
42,524 ft²
property_type
Multi-family
calendar
Built 1985
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 Centr
MLS ID:
21-773066
Listed:
8/9/21
Updated:
10/22/21
Coldwell Banker Realty
Barry Dantagnan

Interior Features

Kitchen Appliances
Dishwasher, Electric Dryer Hookup, Washer, Other
Total Bedrooms
56
Total Bathrooms
62
Cooling
Air Conditioning

Exterior/Building Features

Lot Size
0.6 acres lot

Other Property Details

Attached Garage
Yes
Parking
Garage
Parking Total
84.0
County
Los Angeles
Total Stories
4
Zoning
LAR3

 

Courtesy of Roderick 'Rick' Raymundo, Marcus & Millichap

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Barry Dantagnan shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2021 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/22/21

Coldwell Banker Realty
Barry Dantagnan
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