Sold

5807 LAUREL CANYON Boulevard

Valley Village CA, 91607

$19,050,000


$447.98 per sqft

Sold

56 Beds

42,524 sqft

Residential

Built in 1985

Situated on a corner lot with excellent street visibility along Laurel Canyon Boulevard, the property offers tenants the convenience to walk to the new NoHo West development and its 25 acres of retail and entertainment destinations. More than 25% of the apartments have been completely remodeled to include in-unit washer/dryers, stainless steel appliances, quartz countertops, wood flooring, and upgraded bathrooms. A new investor may continue this remodeling program and apply the same blueprint to the remaining units in order to capture the assets significant rent upside. Constructed in 1985, NoHo Centre features an impressive amenities package, with central air/heat in all units, at least one balcony in every unit (except singles), large walk-in pantries in all units, at least one garage parking space per bedroom, a laundry room on every floor, an elevator, and a landscaped courtyard. The spacious floorplans range from 729 to 812 square feet for one bedroom units, while the two bedroom units average approximately 1,027 square feet each. The property has been upgraded with a new cool roof coating, new fence, new garage paint, new security camera system, and several new air conditioning units. With the new NoHo West mega-development recently coming online, tenants are within short distance of a new Trader Joes, Regal Cinemas, Starbucks, and several other national retailers. In addition, tenants can easily drive to the trendy and revitalized NoHo Arts District, just 1.6 miles away. Also within close proximity are the prestigious neighborhoods of Studio City, Sherman Oaks, and Toluca Lake, with the high-end shops and restaurants of the world-famous Ventura Boulevard just 2.2 miles south. Although the property boasts ample reserved parking, public transportation is highly accessible to tenants as well. The North Hollywood Metro Station, the Valleys largest public transportation hub, which connects the Red Line and Orange Line, sits just 1.5 miles from NoHo Centre.

21773066

MLS ID

February 16, 2024

Updated

Map

5807 LAUREL CANYON Boulevard
Valley Village CA, 91607

Interior Features

Total Stories

4


Bedrooms

56


Appliances

Dishwasher, Washer


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.6 Acres

Other Property Details

Area Name

VG - Valley Glen


Days on Market

133


Garage

Yes


Parking

Garage


Parking Total

84


View

No


County

Los Angeles


Pool

No


Zoning

LAR3

Listed by Roderick 'Rick' Raymundo, Marcus & Millichap, CA DRE 01357019

Listing Contact: 213-943-1855 

Based on information from the CRISNet MLS as of 2/16/2024, 4:01 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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