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

Overview

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 a ...

Listing Details MLS# 224004134

General Property Information

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

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 Location and Property Info

Entry Date
2024-10-02
Listing Price
2850000
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

Listing Info

Total # of Units in Complex
10

Property Info

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

Status Change Info

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

More Information

Units Information

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

Parking SpacesInformation

Total Carport Spaces
10

HOA 1 Information

HOA
No

Unit 1 Information

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

Unit 4 Information

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

Unit 5 Information

Unit-5 # of Beds
Yes
Unit-5 # of Baths
Yes
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

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

Land Lease Type

Fee Simple
Yes

Special Conditions

Standard
Yes

Terms

Cash
Yes
Conventional
Yes
Take Property As Is
Yes
Other
Yes

Possession

Close of Escrow
Yes

Financing

Cash to Loan
Yes

Lot Location

City
Yes
Park Nearby
Yes

Other Property Features

Balcony
Yes

Disclosures

Property As Is
Yes

Building Style

Other
Yes

Laundry Locations

Laundry Area
Yes

Construction

Frame & Stucco
Yes

Levels

Two
Yes

Entry Location

Ground Level w/Steps
Yes
Other
Yes

Exterior Construction

Stucco
Yes
Other
Yes

Foundation

Other
Yes

Flooring

Wood/Wood Like
Yes
Other
Yes

Property/Land Information

Actual Total Rent $
18716

Cooling Type

Central A/C
Yes

Sewer

In Street
Yes
Other
Yes

Heating Type

Forced Air
Yes

Rooms

Other
Yes

Interior Features

Other
Yes

Patio Features

Patio Open
Yes

Water Heater Feature

Water Heater Unit
Yes
Other
Yes

Green Energy Efficient

Water Heater
Yes

Parking Spaces/Information

Total Garage Spaces
10
Total Parking Spaces
10

Parking Type

Carport
Yes

Parking Features

Covered Parking
Yes

Landlord Pays For

Water
Yes

Tenant Pays

Electricity
Yes
Gas
Yes
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.
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