6 Units | Valley Village | Sold to 1031 Exchange Buyer
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The successful sale of this 6 unit apartment building located at 4540 Laurel Canyon Blvd in Valley Village.
Property Overview
The property is ideally located 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.
The rental income was an estimated 31% below market rents, but the property did not need seismic retrofitting which was a plus. Furthermore, this property could be an ideal candidate to build at least one additional ADU at the back of the lot, which we are helping the buyer look into.
The successful sale of this 6 unit apartment building located at 4540 Laurel Canyon Blvd in Valley Village.
Property Overview
The property is ideally located 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.
