11926 Magnolia Blvd - Apartments FOR SALE


Valley Village, CA 91607
$1,770,000 USD
323-810-9399
11926 Magnolia Blvd, Valley Village, CA for Sale
$1,770,000 USD
Apartments - FOR SALE
1/16
null | 4.87% Cap Rate

11926 Magnolia Blvd
Valley Village, CA 91607


OVERVIEW

This exceptional 6-unit building, located in the highly desirable Valley Village neighborhood of Los Angeles, presents a prime investment opportunity. The property features a well-maintained structure with stable tenants and minimal ongoing maintenance, making it an attractive asset for any investor. The property is situated in an area with excellent schools, further enhancing its appeal.The current unit mix consists of four 1-bedroom, 1-bath units and two studio apartments, offering a diverse tenant base. Additionally, there are four parking spaces available in the rear carport, along with ample street parking, ensuring convenient access for tenants.The property also offers significant upside potential. The existing 2-car garage, currently used for storage, presents an opportunity for conversion into an Accessory Dwelling Unit (ADU), which could further increase rental income or add significant value to the property.Recent capital improvements include the replacement of electric panels and water heaters, ensuring that the property is up-to-date and in good working order. The on-site laundry facilities generate approximately $3,000 in additional annual income, further enhancing the investment's financial performance.This property represents a rare opportunity to acquire a well-positioned, low-maintenance asset in a highly sought-after location with strong future potential.

FOR SALE DETAILS

PRICE

$1,770,000 USD

PRICE/SF

$471 USD /SF

# OF UNITS

6

PRICE/UNIT

$295,000

CAP RATE

4.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,499 SF

ZONING

LAR3

APN/PARCEL ID

2355-007-020

ASK ABOUT THIS PROPERTY

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323-810-9399

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323-810-9399

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