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    12360-& 12364 Magnolia Blvd

    Valley Village, CA 91607
    • $5,300,000
    • STATUS: Active
    • ON SITE: 53 days
    • ID#: 21-747924
    UPDATED: 50 min ago
    $5,300,000
    • 24
      BEDS
    • 0.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,062
      SQFT
    • $439
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1952
    County:

    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 the Combined LA/Westside Multiple Listing Service as of 2021-08-04T08:42:27.34. 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.
    www.brandiprattrealestate.com/homes/118154833
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    12360-& 12364 Magnolia Blvd Valley Village, CA 91607

    • Price: $5,300,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 21-747924
    24
    Beds
    0
    Baths
    0
    ½ Baths
    0.39
    Acres
    12,062
    SQFT
    $439
    $/SQFT
    1952
    Built
    Neighborhood:
    Valley Village
    County:
    Los Angeles
    Area:
    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%.
    Exterior Features

    Lot Size Area 16912 Other Structures None Parking Garage Other Total Parking 0

    Interior Features

    Baths Total 14.00 Cooling Other Equipment Other Heating Other

    Property Features

    Gross Income 320684 Gross Operating Income 311064 Like Units1 1 Like Units2 9 Like Units3 2 Net Operating Income 202525.00 Number Of Buildings 2 Number Of Units 12 Sale Type Standard Source Living Area Other Source Lot Size Area Other Total Annual Expense 111133 Type Of Units Units Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-04T08:42:27.34. 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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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583