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Listing Details

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School Ratings & Info

Description

We are pleased to present this 12-unit multifamily offering located at 12360-12364 Magnolia Blvd in Valley Village, CA. Built in 1952, this recently renovated multifamily property sits on a 16,912 SqFt Lot (0.38 Acres), and it has a total building size of 12,062 SqFt and an excellent unit mix with all large 2-Bed units, with the average unit size being over 1,000 SqFt.Over the past 3 years, the Seller has spent a significant amount of money on interior and exterior renovations. In total, the Seller pulled and finalized 19 different permits with the city since mid-2018 for electrical, plumbing, HVAC, and general building repairs. For a list of these permits, please give us a call or email.This offering is ideal for the value-add investor who wants to own a very well-located Valley Village property with the potential to increase the rental income by nearly 20%.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T20:32:10.51. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
www.findorangecountyhomelistings.com/homes/118169488
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12360 & 12364 Magnolia Boulevard Valley Village, CA 91607

  • Price: $5,300,000
  • Status: Active
  • Updated: 17 min ago
  • ID#: 21747924
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Beds
0
Baths
0
½ Baths
0.39
Acres
1952
Built
Neighborhood:
VVL - Valley Village
County:
Los Angeles
Area:
VVL - Valley Village
Property Description
We are pleased to present this 12-unit multifamily offering located at 12360-12364 Magnolia Blvd in Valley Village, CA. Built in 1952, this recently renovated multifamily property sits on a 16,912 SqFt Lot (0.38 Acres), and it has a total building size of 12,062 SqFt and an excellent unit mix with all large 2-Bed units, with the average unit size being over 1,000 SqFt.Over the past 3 years, the Seller has spent a significant amount of money on interior and exterior renovations. In total, the Seller pulled and finalized 19 different permits with the city since mid-2018 for electrical, plumbing, HVAC, and general building repairs. For a list of these permits, please give us a call or email.This offering is ideal for the value-add investor who wants to own a very well-located Valley Village property with the potential to increase the rental income by nearly 20%.
Property Features

Gross Income 320684 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 202525 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar3

Listing provided courtesy of Filip Niculete of Marcus & Millichap


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T20:32:10.51. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
 
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Latrice Deluna Homes | The Orion Group
4533 MacArthur Blvd Ste 5074
Newport Beach CA, 92660