$4,895,000

Canyon Glen Apartments is a 24-unit multifamily property located at 6944-6954 Coldwater Canyon Avenue in North Hollywood, California. The property consists of three separately parceled, two-story apartment buildings constructed between 1959 and 1960, totaling approximately 14,908 square feet on a combined approximately 28,089-square-foot LARD2-zoned site. The unit mix includes twenty-three one-bedroom + one-bathroom units and one two-bedroom + one-bathroom unit. The property has maintained approximately 92% average occupancy and offers a functional residential layout within an established San Fernando Valley neighborhood. Canyon Glen Apartments features landscaped grounds, twenty-five parking spaces, on-site laundry facilities, and a swimming pool. The three-building layout creates a low-density residential setting, with each building situated on its own parcel, resulting in a distinctive three-APN configuration. Electricity is individually metered, while water and gas are master metered. The property also includes laundry facilities and parking for residents. Any future development or accessory dwelling unit potential should be independently verified with the appropriate professionals and governmental agencies. Located in North Hollywood, the property offers convenient proximity to Studio City, Valley Village, Burbank, Van Nuys, Sherman Oaks, and Universal City. Nearby transportation routes include US-101, SR-170, Interstate 5, major surface streets, Metro bus service, and the North Hollywood Metro B Line station, providing convenient connections throughout the San Fernando Valley and greater Los Angeles area. The surrounding neighborhood offers a variety of retail, dining, parks, schools, and entertainment destinations. Nearby attractions include the NoHo Arts District, NoHo West, Universal Studios Hollywood, Westfield Fashion Square, Valley Plaza, and Los Angeles Valley College.