6819 Laurel Canyon Blvd is a 20-unit North Hollywood multifamily asset offering scale, regulatory flexibility, and substantial rental upside in one of the San Fernando Valley’s most actively evolving submarkets. Built in 1982, the property is exempt from the City of Los Angeles Rent Stabilization Ordinance, providing owners with a level of income flexibility that is increasingly difficult to find in comparable Valley assets.

The combination of unit count, central courtyard configuration, and RSO exemption positions 6819 Laurel Canyon Blvd as a durable long-term hold with multiple paths to value creation. Unlike older North Hollywood inventory, the property benefits from more modern construction and a layout that supports both operational efficiency and tenant appeal.

Unit Mix and Site Configuration at 6819 Laurel Canyon Blvd

The property consists of 20 units arranged around a central courtyard, creating a cohesive residential environment while maintaining separation between units. The unit mix includes (16) 2-bed / 2-bath units, (3) 1-bed units, and (1) studio. This blend aligns well with North Hollywood’s renter base, appealing to roommates, couples, and longer-term residents seeking space and functionality.

The site spans a 14,555 SF lot, allowing for efficient circulation, parking access, and future flexibility. The courtyard layout enhances natural light and airflow while contributing to a quieter interior living experience relative to street-front product.

Parking, Infrastructure, and Capital Improvements

6819 Laurel Canyon Blvd offers subterranean parking for roughly 37 vehicles, a meaningful amenity in this corridor that supports tenant retention and daily convenience. Secure parking remains a competitive advantage in North Hollywood as density and redevelopment continue to increase.

Recent capital improvements include a new roof and a new water heater, reducing near-term maintenance exposure and supporting smoother ownership transition. These upgrades, combined with the 1982 construction year, help limit deferred capex risk compared to older Valley multifamily stock.

Income Profile and Value-Add Potential

At the time of sale, 6819 Laurel Canyon Blvd was priced at $225,000 per unit and $258 per SF, with in-place income offering a clear value-add trajectory. Market data indicated close to 60% rental upside through interior renovations and lease-up, positioning the asset to stabilize at a projected 9.45% CAP and 7.78 GRM based on renovated comparables in the immediate area.

The RSO exemption allows annual rent increases of 5% plus CPI, currently totaling 8.9%, buyer to verify. This regulatory flexibility materially improves underwriting visibility and long-term income growth compared to rent-controlled alternatives. The property also presents potential ADU upside, subject to buyer verification of zoning, feasibility, and approvals, creating an additional avenue for future density and NOI growth.

Location and Neighborhood Momentum

6819 Laurel Canyon Blvd is located just north of Vanowen St and roughly 2.5 miles from the NoHo Arts District, placing it within one of North Hollywood’s most active redevelopment zones. The surrounding area continues to benefit from public and private investment, including the NoHo Metro Station project, which is planned to deliver 1,500 residential units and more than 600,000 SF of commercial space.

This proximity to transit-oriented development, employment hubs, and creative corridors reinforces long-term rental demand and supports continued neighborhood appreciation. As North Hollywood evolves, assets with scale, parking, and regulatory flexibility like 6819 Laurel Canyon Blvd remain well positioned.

Conclusion and Transaction Outcome

6819 Laurel Canyon Blvd represented a standout North Hollywood multifamily opportunity defined by scale, RSO exemption, substantial rental upside, and long-term redevelopment tailwinds. The combination of modern construction, strong unit mix, secure parking, and value-add potential made the property attractive to investors seeking both income growth and durability in a transforming Valley submarket.

The successful sale of 6819 Laurel Canyon Blvd underscores continued demand for well-located Los Angeles multifamily assets that offer regulatory flexibility and multiple paths to upside. To see how the property was positioned, marketed, and ultimately sold, view the full 6819 Laurel Canyon Blvd success story for a detailed breakdown of the strategy and outcome.