Owner-User Professional Office for Sale | 4721 Laurel Canyon Blvd
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Owner-User Professional Office for Sale 4721 Laurel Canyon Blvd
4,767 SF 100% Leased Office Building Valley Village, CA 91607 £2,151,738 (£451/SF)
Investment Highlights
- Multi-tenant building with month-to-month tenants
- Located one-block north of the 101 Freeway in the heart of the Eastern San Fernando Valley
- Includes parking both adjacent and behind each building
- Small office suites on both the ground and second floors
- Variety of opportunities for investors and owner-users alike
- The buildings were upgraded with structural steel framing in 2006 to accommodate the medical change of use
Executive Summary
illi Commercial is pleased to present 4721 Laurel Canyon Boulevard, a 4,767 square-foot multi-tenant professional office property, located one block north of the 101 Freeway in Valley Village, neighboring Studio City.
All tenancy is month to month, creating a flexible opportunity for both owner-users and investors alike.
The building was upgraded with structural steel framing in 2006 to accommodate additional covered parking. The bright offices include large windows and are accessible by way of an open-air walkway with common restrooms. The current owner’s unit includes a private restroom with a shower.
The property is adjacent to 4717 Laurel Canyon, with which it shares a central driveway and gated entry.
With over 30 feet of building frontage on Laurel Canyon Blvd., a tremendous signage opportunity exists for an owner-user, or tenants of the project.
All tenancy is month to month, creating a flexible opportunity for both owner-users and investors alike.
The building was upgraded with structural steel framing in 2006 to accommodate additional covered parking. The bright offices include large windows and are accessible by way of an open-air walkway with common restrooms. The current owner’s unit includes a private restroom with a shower.
The property is adjacent to 4717 Laurel Canyon, with which it shares a central driveway and gated entry.
With over 30 feet of building frontage on Laurel Canyon Blvd., a tremendous signage opportunity exists for an owner-user, or tenants of the project.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
4,767 SF
Building Class
B
Year Built
1961
Price
£2,151,738
Price Per SF
£451
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,384 SF
Building FAR
0.68
Land Acres
0.16 AC
Zoning
LAC2 - Commercial Zone
Parking
8 Spaces (1.68 Spaces per 1,000 SF Leased)
Amenities
- Natural Light
- Partitioned Offices
- Air Conditioning
Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 2356-037-037 | Improvements Assessment | £311,726 |
| Land Assessment | £467,591 | Total Assessment | £779,317 |
PROPERTY TAXES
Parcel Number
2356-037-037
Land Assessment
£467,591
Improvements Assessment
£311,726
Total Assessment
£779,317
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Dean Cutler -
Greg Offsay -
illi Commercial Real Estate
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Owner-User Professional Office for Sale | 4721 Laurel Canyon Blvd
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