A modern multi-unit apartment building at 6819 Laurel Canyon, with balconies and a parking area underneath.

SUCCESS STORY

4th SFV Sale in 2025 - 20 Units in NoHo

6819 Laurel Canyon Blvd.

We generated 10 offers on this 20-unit complex with no LA rent control in North Hollywood. View the case study and closing numbers below.

Offering Price
$3,820,000

City

North Hollywood

Current CAP

6.16

Price per unit

$191,000

Lot Size

14,555 SF

6819 laurel canyon

About the Property

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.

Offering Price

$3,820,000

Number of Units

20 Units

Bldg. Size

17,466 SF

Price per Foot

$219

Year Built

1982

Market CAP

11.81

Zoning

LAR3

Background

Built-in 1982 and exempt from local rent control, this 20-unit complex offered a compelling investment opportunity: $225K per unit, $258 per foot, and a path to a 9.45% CAP and 7.78 GRM through 60% rental upside. It was an enticing opportunity in North Hollywood, but it came with its challenges. Current ownership was navigating the challenges of multifamily ownership in Los Angeles, and made the decision to cash out.

A modern multi-unit apartment building at 6819 Laurel Canyon, with balconies and a parking area underneath.
A modern multi-unit apartment building at 6819 Laurel Canyon, with balconies and a parking area underneath.
A modern multi-unit apartment building at 6819 Laurel Canyon, with balconies and a parking area underneath.

Result

Many of the building’s systems were original, and there were a significant number of long-term tenants. We highlighted these realities early on and ensured complete transparency for buyers and touring agents by showing them as many units as possible. We generated 10 offers within the first few weeks. Ultimately, we represented the buyer, an experienced investor who included a deposit release clause just days after acceptance, helping lock in the deal. We closed escrow 110 days after securing the listing. In addition, the sale of 6819 Laurel Canyon marks our fourth San Fernando Valley sale this year.

A multi-story apartment building at 6819 laurel canyon, at sunset, with cars parked along the street.
A multi-story apartment building at 6819 laurel canyon, at sunset, with cars parked along the street.
A multi-story apartment building at 6819 laurel canyon, at sunset, with cars parked along the street.

Here You Find All The Things We Do at One Place

Multifamily building at 8135 reseda, with decorative brickwork, trees nearby, and clear blue sky in the background.

Reseda

San Fernando Valley Portfolio Sold in 4 Months

Multifamily building at 8135 reseda, with decorative brickwork, trees nearby, and clear blue sky in the background.

Reseda

San Fernando Valley Portfolio Sold in 4 Months

Multifamily building at 8135 reseda, with decorative brickwork, trees nearby, and clear blue sky in the background.

Reseda

San Fernando Valley Portfolio Sold in 4 Months

A single-story home at 14245 roscoe, with a lawn, sidewalk, and trees outside under a clear blue sky.

Panorama City

Sold in 40 Days to All-Cash Buyer in the SFV

A single-story home at 14245 roscoe, with a lawn, sidewalk, and trees outside under a clear blue sky.

Panorama City

Sold in 40 Days to All-Cash Buyer in the SFV

A single-story home at 14245 roscoe, with a lawn, sidewalk, and trees outside under a clear blue sky.

Panorama City

Sold in 40 Days to All-Cash Buyer in the SFV

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.