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10901 Laurel Canyon Boulevard 101, San Fernando, California 91340, San Fernando, 91340 - 3 bed, 2 bath

10901 Laurel Canyon Boulevard 101, San Fernando, California 91340 home-pic-0
ACTIVE$449,000
10901 Laurel Canyon Boulevard 101, San Fernando, California 91340
3Beds
2Baths
1,182Sqft
44,611Lot
Year Built
1989
Close
-
List price
$449K
Original List price
$459K
Price/Sqft
$380
HOA
$635.9
Days on market
-
Sold On
-
MLS number
25609845
Home ConditionFair
Features
Pool
ViewCourtyard

About this home

We found 3 Cons,5 Pros. Rank: price - $449.0K(50th), sqft - 1182(50th), beds - 3(50th), baths - 2(50th).

Two proven income properties - ready for your next smart move. Secure your future with two spacious 3-bed, 2-bath condos (Units 201 & 301) in a gated Laurel Canyon community with elevator access, pool, community laundry, and secure garage parking. Each unit offers approx. 1,182 sq ft of open living space with bright interiors, large bedrooms, and private balconies. Unit 301 has had the same excellent tenant since May 2018, paying $3,252/month, and Unit 201 has been leased to responsible tenants since August 2024, paying $3,664/month. Both tenants pay on time and maintain their homes beautifully. Built in 1989 and ideally located near the 118 freeway, schools, shops, and dining, these units provide steady income, low turnover, and long-term appreciation potential. Buyers may preview identical, vacant Unit 101 to view the layout and finishes before submitting offers. Both units must close concurrently as the seller intends to complete a 1031 exchange.

Price History

Date
Event
Price
12/15/25
Price Change
$449,000-2.2%
10/22/25
Listing
$459,000
Condition Rating
Fair
The property, built in 1989, presents a mix of conditions. While some areas like the bedrooms and entry have newer wood-look laminate flooring and one bathroom features an updated vanity and light fixture, the kitchen retains older wood cabinets, basic countertops, and dated tile flooring. The appliances are functional but not modern. The main living area also has older tile flooring. Overall, the unit is functional and appears maintained, but the kitchen and main living spaces show signs of being outdated and would benefit from minor updates to meet current aesthetic standards.
Pros & Cons

Pros

Dual Income Properties: The offering includes two established income-generating condos (Units 201 & 301) with existing, responsible tenants, providing immediate and stable cash flow.
Proven Rental History: Both units boast a strong rental history with long-term tenants (one since 2018, another since 2024) who pay on time and maintain their homes, indicating low turnover and reliable income.
Desirable Community Amenities: The gated Laurel Canyon community offers attractive amenities such as elevator access, a pool, community laundry, and secure garage parking, enhancing tenant appeal and property value.
Strategic Location: Ideally located near the 118 freeway, schools, shops, and dining, providing convenience for tenants and contributing to long-term appreciation potential.
Investment Opportunity: Explicitly positioned for long-term appreciation and suitable for a 1031 exchange, appealing to serious investors seeking to defer capital gains.

Cons

Concurrent Closing Requirement: Both units must close concurrently, which limits the buyer pool to those capable of purchasing two properties simultaneously and necessitates a larger capital investment.
High Association Fees: The association fee of $635.9 per unit (totaling $1,271.8 for both) represents a substantial ongoing expense that impacts net operating income and cash flow.
Property Age: Built in 1989, the condos are over three decades old, which may necessitate future maintenance, updates to systems, or renovations to remain competitive.

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