CA > North Hollywood
North Hollywood, CA 91605,6819 Laurel Canyon BLVD
North Hollywood, CA 91605,6819 Laurel Canyon BLVD
North Hollywood, CA 91605,6819 Laurel Canyon BLVD
North Hollywood, CA 91605,6819 Laurel Canyon BLVD
North Hollywood, CA 91605,6819 Laurel Canyon BLVD
North Hollywood, CA 91605,6819 Laurel Canyon BLVD
Shelly Reyland
Shelly Reyland

Owner/Broker | License ID: 01401259

+1(949) 212-5036

GET MORE INFORMATION

Full Name
Phone*
Message
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.

$ 3,820,000

$ 4,500,000 15.1%

Est. payment | /mo

35 Beds

36 Baths

17,466 SqFt

$ 3,820,000

$ 4,500,000 15.1%

Est. payment | /mo

35 Beds

36 Baths

17,466 SqFt

Key Details

Sold Price $3,820,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 17,466 sqft

Price per Sqft $218

MLS Listing ID 25506299

Sold Date 06/09/25

Bedrooms 35

HOA Y/N No

Year Built 1982

Lot Size 0.334 Acres

Property Description

Located in the heart of North Hollywood, 6819 Laurel Canyon Blvd. presents a rare 20-unit investment opportunity with significant rental upside and no local rent control restrictions. Built in 1982, this courtyard-style complex allows for annual rental increases of 5% + CPI (currently 8.9%). Offered at $225,000 per unit and $258 per square foot, the property is priced as a high-potential value-add investment. With 60% rental upside, investors can achieve a stabilized 9.45% CAP rate and a 7.78 GRM, based on market-rate renovated units in the area. The unit mix consists of (16) two-bedroom, two-bath units, (3) one-bedroom units, and (1) studio. Beyond the strong in-place income and rental upside, 6819 Laurel Canyon sits on a large 14,555 SF lot, offering the opportunity to add ADUs for even greater cash flow potential (buyer to verify). The property also features subterranean parking for approx. 37 vehicles, a new roof, and a new water heater, minimizing future capital expenditures. Situated just north of Vanowen St. and 2.5 miles from the NoHo Arts District, the property is positioned in one of the most dynamic and evolving submarkets in LA. North Hollywood has seen an influx of investment, including the transformative 15-acre NoHo Metro Station redevelopment, adding 1,500 new residential units, office space, retail, and hospitality, further elevating the area's desirability and rental demand.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAR3

Interior

Heating Wall Furnace

Fireplaces Type None

Fireplace No

Laundry Common Area, In Garage

Exterior

Parking Features Underground, Gated

Community Features Gated

View Y/N No

View None

Total Parking Spaces 37

Building

Faces East

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2321026043

Security Features Gated Community,Key Card Entry

Special Listing Condition Standard

CRMLS – RECore
Listed by Kenny Stevens Compass
Bought with Kenny Stevens Compass
agent-avatar

+1(949) 212-5036

shelly@remaxcoastalhomes.com

1644 N El Camino Real, Clemente, CA, 92672, USA

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Shelly Reyland, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

6819 Laurel Canyon BLVD