LEOLA Commercial Inc. is pleased to present the exclusive listing of Coldwater Canyon Apartments. Ideally situated at the intersection of Coldwater Canyon Blvd and Victory Blvd, the property offers exceptional convenience with walkable access to the Cinemark Century North Hollywood Theater and Starbucks.
The asset is strategically located near major retail and community amenities, including Target, Roy Romer Middle School, and Laurel Grove Park. It also benefits from easy access to the 170 and 101 freeways, making it highly accessible for tenants.
Offered for the first time in over 30 years, this property presents a compelling value-add opportunity with approximately 30% rental upside. The desirable unit mix consists of 24 units, including 12 one-bedroom and 12 two-bedroom apartments.
Additionally, there is potential to convert two existing storage units into ADUs, as these spaces were previously plumbed for residential use. Recent capital improvements include asphalt resurfacing of the parking lot, re-roofing of the garage carports, and a comprehensive upgrade of the property’s electrical system.
The ownership is seeking to liquidate the asset and redeploy capital, presenting a rare opportunity to acquire a well-located property below replacement cost. The sellers are highly motivated.