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    4340 Laurel Canyon Blvd Los Angeles, CA 91604

    Sponsored
    For Sale
    $3,250,000

    Prime Studio City location, high NOI.

    Property size:
    6,374 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 4340 Laurel Canyon Blvd in Los Angeles, CA 91604, presents a compelling investment opportunity. The two-story, 6,374 square foot building boasts a prime street-front location on a major thoroughfare, experiencing high daily traffic volume. Built in 1948, the property features 11 units with a 97% occupancy rate, generating a strong net operating income (NOI) of $193,690 and a 5.96% cap rate. The asking price is $3,250,000, translating to $509.88 per square foot. The property is zoned C2 and sits on a 4,950 square foot lot, including 4 dedicated parking spaces accessible via an alley. Tenants represent a diverse mix of retail and office spaces, creating a synergistic and resilient tenant base. Scheduled rent increases and potential value-add opportunities with upcoming lease expirations in 2024 further enhance the investment potential. The property benefits from excellent freeway access and is situated within a vibrant, high-density neighborhood with strong demographics and a high average household income. Its proximity to major retail hubs and entertainment venues adds to its appeal. This stabilized investment offers a rare opportunity to acquire a well-performing asset in a highly desirable Studio City location.

    Property Features for 4340 Laurel Canyon Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,374 SF

    Building Details

    Year Built
    1948
    Stories
    2
    Units
    11

    HighLights

    • Prime street‑front, two‑story mixed‑use building on Laurel Canyon Boulevard in Studio City.
    • Modern exterior/interior updates (2014).
    • Stabilized 11‑unit building with 97% occupancy.
    • Synergistic tenant mix of retail and office, resistant to online competition.
    • Scheduled rent increases and value‑add potential from 2024 lease expirations.
    • Rear alley access with dedicated parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3963009
    Latitude
    34.1498676

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    FAQs

    What type of property is this?
    Individual retail property - Prime Studio City location, high NOI.
    Where is this individual retail property located?
    The property is located at 4340 Laurel Canyon Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: Prime street-front, two-story mixed-use building on Laurel Canyon Boulevard in Studio City.; Modern exterior/interior updates (2014).; Stabilized 11-unit building with 97% occupancy.
    Request Owner's contact information
    4340 Laurel Canyon Blvd Los Angeles, CA 91604
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    Los Angeles, CA 91604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4340 Laurel Canyon Blvd Los Angeles, CA 91604
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