Multifamily

12000 W Magnolia Blvd

12000 W Magnolia Blvd, Valley Village, CA 91607

Listing Price: $2,050,000

Cap Rate
4.24%
Number of Units
7
GRM
15.63
Occupancy
97.00%
Price/Unit
$292,857
Price/Gross SF
$485.55
Gross SF
4,222

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a remodeled 7-unit apartment building located at the Corner of Magnolia Boulevard and Ben Avenue in Valley Village. Having undergone extensive recent renovations and been maintained in excellent condition since the inception of current ownership, Magnolia Apartments offer strong in-place rents, 100% current rent collection, and upside in future rental income.

Luxury apartments at the property feature open and modern spacious floor-plans, complete with brand new engineered hardwood floors, full kitchen with new quartz countertops, new stainless-steel gas stoves, oven, refrigerator, and a kitchen bar-top for extra seating and entertainment. The newly remodeled apartments also boast newly remodeled full baths, a spacious walk-in closet, open dinning area, energy efficient air conditioning and heater wall-unit, assigned parking spot, private storage unit, and a full on-site laundry room complete with mobile pay washer and dryer.

Valley Village is a much-desired location of San Fernando Valley with public transit access to major employment centers of Hollywood and Downtown Los Angeles. Business, dining, and educational facilities in the proximity of the property further enhance demand for rental units in this neighborhood. With a boutique style and living atmosphere Magnolia Apartments are well positioned to capture a meaningful share of future market growth in a safe and friendly environment.

This asset offers an investor the unique opportunity to acquire a well located investment with strong returns.

Investment Highlights

  • Fully Remodeled 7-unit building in the Desirable Valley Village area of San Fernando
  • Strong Current Rental Income of over $131,000 per year
  • Impressive 1977 Construction located at the corner of Magnolia Boulevard and Ben Ave
  • All units have been upgraded
  • Property has been re-piped within the past two years with copper and PEX throughout
  • Gated Entry and ample parking spaces

Exclusively Listed By

Listing Price: $2,050,000

Cap Rate
4.24%
Number of Units
7
GRM
15.63
Occupancy
97.00%
Price/Unit
$292,857
Price/Gross SF
$485.55
Gross SF
4,222

Investment Highlights

  • Fully Remodeled 7-unit building in the Desirable Valley Village area of San Fernando
  • Strong Current Rental Income of over $131,000 per year
  • Impressive 1977 Construction located at the corner of Magnolia Boulevard and Ben Ave
  • All units have been upgraded
  • Property has been re-piped within the past two years with copper and PEX throughout
  • Gated Entry and ample parking spaces

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a remodeled 7-unit apartment building located at the Corner of Magnolia Boulevard and Ben Avenue in Valley Village. Having undergone extensive recent renovations and been maintained in excellent condition since the inception of current ownership, Magnolia Apartments offer strong in-place rents, 100% current rent collection, and upside in future rental income.

Luxury apartments at the property feature open and modern spacious floor-plans, complete with brand new engineered hardwood floors, full kitchen with new quartz countertops, new stainless-steel gas stoves, oven, refrigerator, and a kitchen bar-top for extra seating and entertainment. The newly remodeled apartments also boast newly remodeled full baths, a spacious walk-in closet, open dinning area, energy efficient air conditioning and heater wall-unit, assigned parking spot, private storage unit, and a full on-site laundry room complete with mobile pay washer and dryer.

Valley Village is a much-desired location of San Fernando Valley with public transit access to major employment centers of Hollywood and Downtown Los Angeles. Business, dining, and educational facilities in the proximity of the property further enhance demand for rental units in this neighborhood. With a boutique style and living atmosphere Magnolia Apartments are well positioned to capture a meaningful share of future market growth in a safe and friendly environment.

This asset offers an investor the unique opportunity to acquire a well located investment with strong returns.

Exclusively Listed By

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