$2,625,000
Valley Village, CA 91607
MLS# 224004134
Status: Closed
16 beds | 17 baths | 9734 sqft
1 / 22
Property 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
Details
Maps
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.