12206 Magnolia Boulevard, Valley Village, CA 91607

$2,625,000
Property Type: Residential Income Bedrooms: 16 Baths: 17 Square Footage: 9,734 Lot Size (sq. ft.): 12,377 Status: Closed
Current Price: $2,625,000 List Date: 10/02/2024 Last Modified: 1/01/2025

Description

Prime Valley Village Multifamily Opportunity Discover this rare investment opportunity in the heart of Valley Village. This well-maintained 10-unit building, situated on a quiet, tree-lined street, offers a diverse mix of units with excellent rental upside potential. The property features 6 spacious 2-bedroom/2-bath units, 3 1-bedroom/1-bath units, and 1 unique 1-bedroom/2-bath unit, many of which include private patios or balconies—perfect for enjoying the SoCal lifestyle. Recent upgrades include completed seismic retrofit work and Newer water heater, the building exudes pride of ownership. Built in 1964, this charming two-story property boasts central air and heating throughout, along with 10 covered parking spots. The building is meticulously cared for, with some units tastefully remodeled to appeal to modern renters. Located near top employers like Universal Studios, CBS, and NBC, as well as close proximity to the vibrant NoHo Arts District, NoHo West, and renowned dining and shopping options, this multifamily property is ideally situated for steady rental demand. Don't miss this chance to own a clean, quiet, and centrally located income-generating asset in one of the Valley's most sought-after neighborhoods

Supplements: ********

More Information MLS# 224004134

Status Change Info

Sold Price/SqFt: 269.67 Seller Concessions: No Pending Date: 2025-01-01 Closed Date: 2025-01-01 Closed Price: 2625000

Listing, Location and Property Info

Entry Date: 2024-10-02 List Price/SqFt: 292.79

General Property Information

Construction Status: Unknown Common Walls: Yes # Bedrooms: 16 Baths - Full: 17 Baths - Total: 17 Approx SqFt: 9734 Lot Acres: 0.28 Lot SqFt: 12377 Year Built: 1964

Listing Info

Total # of Units in Complex: 10

Property Info

View: No Paved: Yes Pool: No Spa: No Fireplace: No Price Per/Unit: 285000 Elevators: No Water Heater: Yes Dwelling Total Floors: 2 # of Buildings: 1

Land Lease Type

Fee Simple: 1

Special Conditions

Standard: 1

Terms

Cash: 1 Conventional: 1 Take Property As Is: 1 Other: 1

Possession

Close of Escrow: 1

Financing

Cash to Loan: 1

Lot Location

City: 1 Park Nearby: 1

Other Property Features

Balcony: 1

Disclosures

Property As Is: 1

Units Information

Number of Units Leased: 10 Average SqFt 1 Bedroom: 1000 Building Permit: Yes # Separate Electric Meters: 10 # Separate Gas Meters: 10 # Separate Water Meters: 1

Building Style

Other: 1

Laundry Locations

Laundry Area: 1

Construction

Frame & Stucco: 1

Levels

Two: 1

Entry Location

Ground Level w/Steps: 1 Other: 1

Exterior Construction

Stucco: 1 Other: 1

Foundation

Other: 1

Flooring

Wood/Wood Like: 1 Other: 1

Property/Land Information

Actual Total Rent $: 18716

Cooling Type

Central A/C: 1

Sewer

In Street: 1 Other: 1

Heating Type

Forced Air: 1

Rooms

Other: 1

Interior Features

Other: 1

Patio Features

Patio Open: 1

Water Heater Feature

Water Heater Unit: 1 Other: 1

Green Energy Efficient

Water Heater: 1

Parking Spaces/Information

Total Garage Spaces: 10 Total Parking Spaces: 10

Parking Type

Carport: 1

Parking Features

Covered Parking: 1

HOA 1 Information

HOA: No

Landlord Pays For

Water: 1

Tenant Pays

Electricity: 1 Gas: 1

Unit 1 Information

Unit-1 # of Beds: 1 Unit-1 # of Baths: 2 Unit-1 Proj Rent/Month: 2150 Unit-1 Monthly Rent: 1571

Unit 2 Information

Unit-2 # of Beds: 2 Unit-2 # of Baths: 2 Unit-2 Proj Rent/Month: 2550 Unit-2 Monthly Rent: 1753

Unit 3 Information

Unit-3 # of Beds: 1 Unit-3 # of Baths: 1 Unit-3 Proj Rent/Month: 2100 Unit-3 Monthly Rent: 1820

Unit 4 Information

Unit-4 # of Beds: 1 Unit-4 # of Baths: 1 Unit-4 Proj Rent/Month: 2100 Unit-4 Monthly Rent: 1925

Unit 5 Information

Unit-5 # of Beds: 1 Unit-5 # of Baths: 1 Unit-5 Proj Rent/Month: 2100 Unit-5 Monthly Rent: 1820

Unit 6 Information

Unit-6 # of Beds: 2 Unit-6 # of Baths: 2 Unit-6 Proj Rent/Month: 2550 Unit-6 Monthly Rent: 2490

Unit 7 Information

Unit-7 # of Beds: 2 Unit-7 # of Baths: 2 Unit-7 Proj Rent/Month: 2550 Unit-7 Monthly Rent: 1916

Unit 8 Information

Unit-8 # of Beds: 2 Unit-8 # of Baths: 2 Unit-8 Proj Rent/Month: 2550 Unit-8 Monthly Rent: 1800

Unit 9 Information

Unit-9 # of Beds: 2 Unit-9 # of Baths: 2 Unit-9 Proj Rent/Month: 2550 Unit-9 Monthly Rent: 1805

Unit 10 Information

Unit-10 # of Beds: 2 Unit-10 # of Baths: 2 Unit-10 Proj Rent/Month: 2550 Unit-10 Monthly Rent: 1818

Listing Location and Property Info

Status: Closed Entry Date: 2024-10-02 Listing Price: 2850000 Current Price: $2,625,000 Street #: 12206 Street Name: Magnolia Suffix: Boulevard County: Los Angeles State/Province: CA Zip Code: 91607 APN/Tax ID: 2356016023 Area: VVL - Valley Village Country: US

Parking SpacesInformation

Total Carport Spaces: 10

Property Features

Land Lease Type: Fee Simple Special Conditions: Standard Terms: Cash; Conventional; Take Property As Is; Other Possession: Close of Escrow Lot Location: Park Nearby Other Property Features: Balcony Disclosures: Property As Is Building Style: Other Construction: Frame & Stucco Levels: Two Entry Location: Ground Level w/Steps; Other Exterior Construction: Stucco; Other Foundation: Other Flooring: Wood/Wood Like; Other Cooling Type: Central A/C Heating Type: Forced Air Rooms: Other Interior Features: Other Laundry Locations: Laundry Area Patio Features: Patio Open Sewer: In Street; Other Water Heater Feature: Water Heater Unit; Other Green Energy Efficient: Water Heater Parking Type: Carport Parking Features: Covered Parking Landlord Pays For: Water Tenant Pays: Electricity; Gas Financing: Cash to Loan
Listing Office: Beverly and Company Inc.
Listing Agent: Jason Vollmer | Vollmerhomes@gmail.com
Agent Email: Vollmerhomes@gmail.com
Last Updated: January - 01 - 2025
Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.