10901 Laurel Canyon Boulevard 301, San Fernando, California 91340, San Fernando, 91340 - 3 bed, 2 bath
ACTIVE$449,000
10901 Laurel Canyon Boulevard 301, San Fernando, California 91340
3Beds
2Baths
1,182Sqft
44,611Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Stable Rental Income: Features a reliable, long-term tenant in place since 2018, providing immediate and consistent rental income of $3,664/month, ideal for investors seeking stable cash flow.
Top Cons:
High Association Fee: The monthly association fee of $635.90 is relatively high, which could impact affordability and net returns for investors or owner-occupants.
Compared to the nearby listings
Price:$449.0K vs avg $422.5K (+$26,500)50%
Size:1,182 sqft vs avg 989.5 sqft50%
Price/sqft:$380 vs avg $43850%
More Insights
Built in 1989 (36 years old).
Condition: The property was built in 1989, making it over 20 years old. The kitchen features dated light wood cabinets, speckled countertops, a tiled backsplash, and a white dishwasher, indicating an older style. The bathroom also presents with dated tile, vanity, and fixtures. While the unit appears clean and functional with laminate wood flooring in living areas, the overall aesthetic and finishes are clearly outdated and would require significant updates to meet modern standards. It is maintained but shows its age, aligning with the 'Fair' condition criteria.
Year Built
1989
Close
-
List price
$449K
Original List price
$459K
Price/Sqft
$380
HOA
$635.9
Days on market
-
Sold On
-
MLS number
25612069
Home ConditionFair
Features
Good View: City Lights, Courtyard
Deck
Pool
ViewCity Lights,Courtyard
About this home
Long-term tenant. Long-term value.Top-floor 3 BD / 2 BA condo in a desirable gated building with elevator, pool, and community laundry. Light-filled 1,182 sq ft layout with private balcony and west-facing sunset views. Excellent tenant in place since 2018 paying $3,664/mo on time. Quiet, well-maintained community near the 118 Freeway, schools, parks, and shopping.
Condition Rating
Fair
The property was built in 1989, making it over 20 years old. The kitchen features dated light wood cabinets, speckled countertops, a tiled backsplash, and a white dishwasher, indicating an older style. The bathroom also presents with dated tile, vanity, and fixtures. While the unit appears clean and functional with laminate wood flooring in living areas, the overall aesthetic and finishes are clearly outdated and would require significant updates to meet modern standards. It is maintained but shows its age, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Stable Rental Income: Features a reliable, long-term tenant in place since 2018, providing immediate and consistent rental income of $3,664/month, ideal for investors seeking stable cash flow.
Prime Location: Conveniently situated near the 118 Freeway, schools, parks, and shopping centers, offering excellent accessibility and a desirable lifestyle.
Premium Unit Features & Views: As a top-floor unit, it benefits from abundant natural light, a private balcony, and west-facing sunset views, enhancing its overall appeal and living experience.
Gated Community with Amenities: Located within a desirable gated building equipped with an elevator, swimming pool, and community laundry, offering enhanced security and convenience.
Well-Maintained Environment: Part of a quiet and well-maintained community, suggesting a pleasant living environment and potentially strong HOA management.
Cons
High Association Fee: The monthly association fee of $635.90 is relatively high, which could impact affordability and net returns for investors or owner-occupants.
Tenant Occupied: The presence of a long-term tenant means the property is not available for immediate owner-occupancy, potentially narrowing the buyer pool to investors only.
Recent Price Adjustment: A recent price reduction from $459,000 to $449,000 might indicate initial overpricing or market resistance, potentially affecting buyer confidence.