4340 Laurel Canyon Blvd Los Angeles, CA 91604
- Retail properties
- 6,374 SF
Current Use by Public Records
- Retail properties
Property Details for 4340 Laurel Canyon Blvd
- Year built
- 1948
- Property size
- 6,374 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.396
- Latitude
- 34.1499
