Valley Village Multi-Tenant Office
4721 Laurel Canyon Blvd Los Angeles, CA 91607
4721 Laurel Canyon Blvd, Los Angeles, CA, 91607
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For Sale
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Multi-tenant office building in Valley Village near Studio City.
Property Size4,767 SF
Price / SF$576.88
Days on Market848
Property Features for 4721 Laurel Canyon Blvd
General Information
- Standard status
- Active
- Size
- 4,767 SF
- Property subtype
- Office
Building Details
- Year Built
- 1975
Listing Agency
illi Commercial Real Estate
Listed by
Greg Offsay · License #CA 01837719
Source
Crexi
Added: Mar 22, 2024 Checked: Jul 17 at 10:57 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of illi Commercial Real Estate
Investment Insights
Based on property information with market context.
Located one block north of the 101 Freeway in Valley Village, neighboring Studio City, this multi-tenant professional office property offers 4,767 square feet of space. The building features bright offices with large windows, accessible via an open-air walkway with common restrooms. One unit includes a private restroom with a shower. Structural steel framing was added in 2006 to accommodate additional covered parking. The property is adjacent to 4717 Laurel Canyon and shares a central driveway and gated entry. With over 30 feet of building frontage on Laurel Canyon Blvd., the property offers a signage opportunity. All tenancy is month to month, creating a flexible opportunity for both owner-users and investors. The owner has received preliminary approvals for change of use to medical.
Key Highlights
- Flexible opportunity for owner‑users or investors due to month‑to‑month tenancies.
- Preliminary approvals received for change of use to medical.
- Prime location one block north of the 101 Freeway in Valley Village, near Studio City.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $185.3k | $38.88 |
| − Vacancy | −$34.5k | −$7.23 |
| EGI | $150.9k | $31.65 |
| − OpEx | −$37.7k | −$7.91 |
| NOI | $113.2k | $23.74 |
4,767 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.62M
$1.41M – $1.89M
NOI $113,151 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$96.58M
$84.50M – $112.67M
NOI $6,760,359 @ 7.0% cap · market cap 245.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Multi-tenant office building in Valley Village near Studio City.
Where is this office building located?
The property is located at 4721 Laurel Canyon Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Flexible opportunity for owner‑users or investors due to month‑to‑month tenancies.; Preliminary approvals received for change of use to medical.; Prime location one block north of the 101 Freeway in Valley Village, near Studio City.
