6819 Laurel Canyon Boulevard
North Hollywood, CA 91605
- – beds
- – baths
- – sqft
- 14,555 sqft lot
- 1982 build
- – on site
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.
Last checked:
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Last updated Mar 12, 2025
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MLS# 25506299 —
The Building
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Year Built:1982
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New Construction:No
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Building Area Total:17466.00
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Total Number Of Units:20
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# of Buildings:1
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Stories Total:2
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Faces:East
Interior
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Levels:Two
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Fireplace:No
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Fireplace:None
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Laundry:Community, In Garage
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Laundry:1
Location
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Directions:Located just north of Vanowen St, the subject property is approx. 2.5 miles from the NoHo Arts District and the 1,500 unit District NoHo development by Tramwell Crow Company.
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Latitude:34.19452200
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Longitude:-118.39688600
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:14555.0000
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Lot Size Acres:0.3341
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Lot Size SqFt:14555.00
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View:None
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Security Features:Gated Community, Card/Code Access
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Additional Parcels:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2321026043
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Gated, Subterranean
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Parking Spaces:37.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/4/25
Mar 4, 2025
|
Listed / Active | CRMLS_CA | $4,500,000 |
