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4540 Laurel Canyon Boulevard, Valley Village, CA 91607
$1,700,000
4540 Laurel Canyon Boulevard, Valley Village, CA 91607View this property at 4540 Laurel Canyon Boulevard, Valley Village, CA 91607
4540 Laurel Canyon BoulevardValley VillageCA91607
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Property Description
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.
Full Property Details
Full Property Details for 4540 Laurel Canyon Blvd
General
- Sold For: $1,700,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 21-696532
- Added to Site: 1, 156 day(s) ago
Interior
- Fireplace(s): None
Parking
- Garage Spaces: 6
- Parking Features: Carport, Attached Carport, Detached Carport, Garage (Two Doors), Garage (Three Doors), Private, Garage, Assigned, Built-In Storage, Covered, Direct Garage Access, Driveway, Parking Space, Guest
- Parking: Carport, Attached Carport, Detached Carport, Garage (Two Doors), Garage (Three Doors), Private, Garage, Assigned, Built-In Storage, Covered, Garage (Direct Access), Driveway, Parking Space, Guest
Location
- Area: STUD - Studio City
- County: Los Angeles
- Development Name: STUD - Studio City
- Driving Directions: Laurel Canyon and Landale St
Utilities
- Sewer: Other
Structural Information
- Windows: Double-Pane Windows
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 4,318
- Year Built: 1947
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
Unit 2
- Number of Units: 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 2
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.16
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $393.7
- Price Per Unit: 299167
Listed and Sold by Marcus & Millichap, Filip Niculete
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Schools
Schools serving 4540 Laurel Canyon Blvd
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
11724 Addison St, Valley Vlg, CA 91607 | K-5 | 0.7 mi | |
4525 Irvine Ave, N Hollywood, CA 91602 | 6-8 | 0.6 mi | |
5231 Colfax Ave, N Hollywood, CA 91601 | 9-12 | 1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4540 Laurel Canyon Blvd
Date
Details
Price
Change
Source
6/30/2021
Sold
$1,700,000
-1.45%
MLS
3/08/2021
Price Reduced
$1,725,000
-3.9%
MLS
2/22/2021
Listed
$1,795,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4540 Laurel Canyon Boulevard, Valley Village, CA 91607 (MLS# 21-696532) is a Multi-Family property that was sold at $1,700,000 on June 30, 2021. Want to learn more about 4540 Laurel Canyon Boulevard? Do you have questions about finding other Multi-Family real estate for sale in Valley Village? You can browse all Valley Village real estate or contact a Coldwell Banker agent to request more information.