6819 Laurel Canyon Boulevard, North Hollywood, CA 91605 - Berkshire Hathaway HomeServices California Properties
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6819 Laurel Canyon Boulevard, North Hollywood, CA 91605

$4,500,000 Approx. USD 35 beds, 36 baths
17,466 sqft
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Listing Agent


Kenny Stevens | kenny@kennystevensteam.com
Lic#: 01090251
Broker: Courtesy of Compass

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# 25506299
Price: $4,500,000
Beds: 35
Baths: 36
None fireplaces
Built in 1982
17,466 sqft
2 stories
0.33 acres
Lot size: 0.3341
County: Los Angeles
Zoning: LAR3
Parking description: Underground,Gated
Heating description: Wall Furnace
MLS area: NHO - North Hollywood

Last Updated: 4/3/2025

 Days On Market (DOM): 23

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This listing belongs to the NHO - North Hollywood MLS area

Lat/Long: 34.194522, -118.396886.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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