6819 Laurel Canyon is a 20-unit North Hollywood multifamily property that represented a rare acquisition opportunity with scale, rental upside, and regulatory flexibility in one of the San Fernando Valley’s most rapidly evolving neighborhoods. Built in 1982 and exempt from LA’s Rent Stabilization Ordinance, the property allows for annual rental increases of 5% plus CPI (currently 8.9%, buyer to verify)—a major advantage over comparable assets subject to stricter rent control measures.

At the time of sale, 6819 Laurel Canyon was priced at $225,000 per unit and $258 per square foot, with in-place income offering a clear path toward value-add repositioning. With approximately 60% rental upside, the asset has the potential to stabilize at a 9.45% CAP rate and 7.78 GRM based on market rents for renovated units in the area. The unit mix includes (16) two-bedroom, two-bath units, (3) one-bedrooms, and (1) studio, all situated around a central courtyard.

Positioned on a 14,555 SF lot, the property also offers the potential to add ADUs for additional income (buyer to verify), further enhancing long-term cash flow. Recent capital improvements—such as a new roof and new water heater—reduce near-term operating costs and future capex risk. Subterranean parking accommodates approximately 37 vehicles, providing secure and convenient access for tenants.

Located just north of Vanowen Street and 2.5 miles from the NoHo Arts District, the property sits within one of LA’s most active redevelopment zones. The nearby NoHo Metro Station project—adding 1,500 residential units and over 600,000 SF of commercial space—is reshaping the area’s economic and lifestyle appeal.

With a strong foundation and room to grow, 6819 Laurel Canyon was a standout North Hollywood multifamily opportunity in a market poised for long-term demand and appreciation.