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4522 Laurel Canyon Blvd

3 Unit Block of Flats £1,169,763 (£389,921/Unit) 5.81% Net Initial Yield Valley Village, CA 91607

Investment Highlights

  • 3 Casita's, Easy Travel to Studios

Executive Summary

Remodeled unit over garages to be delivered with tenant on new lease paying $3k a month. Other two "original condition" units to be delivered vacant. Estimated rent of $3300 month for 2 vacant units, GRM & Cap Rate is projected based on buyer remodeling those two units (approx $100k additional remodel investment).
Valley Village Triplex offering a remarkable opportunity for those seeking a prime investment! This property boasts a total of 3 cottage-style units (2 to be delivered vacant). This gem is a rare find in today's market; each unit features one bedroom and one bathroom casitas, providing comfortable, convenient, and private living spaces for tenants. The property sits on a generous lot and offers ample outdoor space. A 3-car garage adds further value to the property, presenting the potential for ADU (4th unit) or providing secure parking for tenants. The unit over the garages has been beautifully updated including new kitchen with stainless steel appliances, stackable washer/dryer, new cabinets, countertops, flooring, mirrored closet doors, new bathroom featuring walk-in shower with new vanity, sink and faucet, and is currently occupied at market rent ($3k month). The other two units are ground level and in great original condition (will be delivered vacant). Rent as-is or update for higher rental prices. Each unit has a private outdoor area to enjoy BBQs and relaxation. Conveniently located in Valley Village (a stone's throw to Studio City), residents will enjoy easy access to a wide array of amenities, entertainment, and dining options including close distance to Universal Studios and CBS; and walking distance to Ventura Blvd shopping, dining, fitness and recreation. Investors and homeowners alike will be drawn to the potential of this property, whether seeking a solid rental income or the opportunity to customize the space to their liking. Don't miss out on this chance to own a piece of prime real estate; an exceptional opportunity not to be missed. Schedule a viewing today and explore the possibilities that this property has to offer!

Financial Summary (Pro forma - 2025)

Annual Annual Per SF
Gross Rental Income £90,138 £52.41
Other Income - -
Vacancy Loss - -
Effective Gross Income £90,138 £52.41
Taxes £13,634 £7.93
Operating Expenses £8,513 £4.95
Total Expenses £22,147 £12.88
Net Operating Income £67,991 £39.53

Financial Summary (Pro forma - 2025)

Gross Rental Income
Annual £90,138
Annual Per SF £52.41
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £90,138
Annual Per SF £52.41
Taxes
Annual £13,634
Annual Per SF £7.93
Operating Expenses
Annual £8,513
Annual Per SF £4.95
Total Expenses
Annual £22,147
Annual Per SF £12.88
Net Operating Income
Annual £67,991
Annual Per SF £39.53

Property Facts

Price £1,169,763
Price Per Unit £389,921
Sale Type Investment
Net Initial Yield 5.81%
Gross Rent Multiplier 14
No. Units 3
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Lot Size 0.11 AC
Building Size 1,720 SF
Average Occupancy 33%
Number of Floors 2
Year Built 1941
Parking Ratio 1.74/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 3 £2,465 574 - 593
Walk Score ®
Very Walkable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 34019532

  • Date on Market: 27/11/2024

  • Last Updated:

  • Address: 4522 Laurel Canyon Blvd, Valley Village, CA 91607

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