Valley Village, CA 91607 5763 Laurel Canyon Boulevard

5763 Laurel Canyon Boulevard Valley Village, CA - Image 15763 Laurel Canyon Boulevard Valley Village, CA - Image 25763 Laurel Canyon Boulevard Valley Village, CA - Image 3
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Presented By: Jason Choi with Keller Williams Realty; 7142723847
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# PW24208903
  • 10/08/2024
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 16
  • Baths • 3
  • SQFT • 11,018

Home Details

KW Commercial is pleased to present the exclusive opportunity to acquire a VALUE ADD 16 Unit Apartment Complex in Valley Village, CA. This multi-family property is comprised of four2BD/1BA units, eight 1BD/1BA units, and four single units. This property includes a .21 ACRE/9,348 SF leveled vacant lot that is zoned R1. With excellent proximity to shopping, entertainment districts, restaurants, and freeways this community is conveniently and centrally located. List Price $4,380,000 ( Price breakdown: $3,634,000 for apartment property + $746,000 for empty back lot) *Must be purchased together Cap Rate 6.3% CAP *Back Lot priced at $746,000 not included in cap rate calculations Building Size 11,018 SF Parcel Size 0.52 Acres Empty Back Lot Size .21 ACRES/ 9,348 SF Year Built 1958 Parcel Number 234-026-016 Zoning Apartment parcel R3. Empty back lot zoned R1
Presented By: Jason Choi with Keller Williams Realty; 7142723847

Interior Features for 5763 Laurel Canyon Boulevard

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
FlooringCarpet, Wood
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 5763 Laurel Canyon Boulevard

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.3
Carport Y/NNo
CityValley Village
Community FeaturesStreetLights, Sidewalks
CoolingWallWindowUnits
CountyLos Angeles
DirectionsOff Laurel Canyon Blvd.
Electric Expense7650.0
Entry Locationfront gate
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income296288.0
HOANo
Home Warranty Y/NNo
Insurance Expense5500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional
Lot Size Square Feet22651.2
Lot Size UnitsAcres
MLS AreaVVL - Valley Village
MobileHomeRemainsYNNo
Net Operating Income229801.0
New ConstructionNo
Number Of Units Total16
Number of Units Leased16
Operating Expense66487.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot1
Trash Expense4800.0
Water Sewer Expense7650.0
Year Built1958
Year Built SourcePublicRecords
ZoningR1

Exterior for 5763 Laurel Canyon Boulevard

Building Area Total11018.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixteenToTwentyUnitsAcre, NearPublicTransit, StreetLevel
Lot Size Acres0.52
Lot Size Area0.52
Lot Size SourcePublicRecords
Number of Buildings1
Number of Separate Electric Meters13
Number of Separate Gas Meters14
Number of Separate Water Meters1
Parking FeaturesAssigned
Private PoolNo
Road Frontage TypeCityStreet
SpaNo
Total Parking16.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $4,380,000
MLS#PW24208903
List Date 10/08/2024
Property Type Multi-Family
Phone 714.742.6515
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