12206 Magnolia Boulevard, Valley Village, CA 91607 (MLS# 224004134)

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 ... (Read more)

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