11700 W Magnolia Blvd - Apartments FOR SALE


Valley Village, CA 91607
$11,250,000 USD
310-706-4400
11700 W Magnolia Blvd, Valley Village, CA for Sale
$11,250,000 USD
Apartments - FOR SALE
1/30
null | 4.84% Cap Rate

11700 W Magnolia Blvd
Valley Village, CA 91607


HIGHLIGHTS

  • A RARE OFFERING - Magnolia Nineteen, is one of only seven 5+ unit multifamily assets built in the Valley Village submarket in the last 10 years.
  • A HIGHLY UNIQUE ASSET - Designed by the AIA 2022 Gold Medal Winner, and internationally renowned architecture firm Brooks + Scarpa
  • BEST OF BOTH WORLDS LOCATION - The Property is less than 1-mile from the NoHo Arts District while also only steps from Studio City & Toluca Lake.
  • EXCELLENT ACCESSIBILITY - Easy access to the 170, 101, 134, and 5 freeways put residents within a 30-minute commute of 2.7 million jobs

OVERVIEW

Marcus & Millichap is pleased to announce it has been retained as the exclusive listing agent for the sale of Magnolia Nineteen, a newly constructed apartment building with 19 large lofts (ranging from 833-1,287 SF) and 1,573 SF of occupied retail space in the desirable Valley Village neighborhood of the San Fernando Valley of Los Angeles, CA. The exquisitely designed luxury homes feature a mix of lofts and 2-story lofts with high ceilings, large floor to ceiling windows, and luxury appointments that match the demand preferences of the most discerning renter. In the common areas, the Property features a plethora of outdoor courtyard and meeting spaces that include unique touches such as fireplaces, rooftop deck with barbecue, al fresco dining space, and upper sun deck. Magnolia Nineteen’s unique location, at the intersection of Magnolia Boulevard and Colfax Avenue, offers a residential vibe akin to single family homes in Valley Village, Studio City (0.75 miles south), and Toluca Lake (1.5 miles southeast), while being within a mile of the heart of the NoHo Arts District and its thousands of jobs and popular entertainment, nightlife, and dining along Lankershim Boulevard. In conjunction with easy access to the 170, 101, 134, and 5 freeways, residents can access 2.7 million jobs within a 30-minute commute.

FOR SALE DETAILS

PRICE

$11,250,000 USD

PRICE/SF

$525 USD /SF

# OF UNITS

19

PRICE/UNIT

$592,105

CAP RATE

4.84%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Magnolia Nineteen

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

LAC2

APN/PARCEL ID

2355-005-066

ASK ABOUT THIS PROPERTY

Kevin GreenTHG Multifamily AdvisorsMore Info
310-706-4400

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Kevin GreenTHG Multifamily AdvisorsMore Info
310-706-4400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.