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Multifamily

12159 Magnolia Blvd

12159 Magnolia Blvd, Valley Village, CA 91607

Listing Price: $2,850,000

Cap Rate
4.73%
Number of Units
10
GRM
14.05
Occupancy
90.0%
Price/Unit
$285,000
Price/Gross SF
$319.58
Gross SF
8,918

Investment Overview

Marcus & Millichap is pleased to present 12159 Magnolia Boulevard, a ten-unit multifamily asset in the much-desired Valley Village residential area.

Investment Highlights

  • - Hard-to-Find Asset in the Much-Desired Valley Village Residential Area - Corner lot measuring approximately 10,500 square feet of space
  • - Extra large owner's unit with 2 bedroom, 2 baths, private laundry room and 3 entrances with private patio.
  • - Owners unit has huge family room with fireplace & sliding glass door out to patio formal dining room , 2nd fireplace in large living room. Central air, 2 car tandem parking
  • - Extra large units totaling 8918 square feet, averaging 891 square feet per unit - Units are bright featuring large private balconies
  • - Fireplaces in some units - Six (6) of 10 units have been fully- remodeled - Seismic retrofit completed - Copper plumbing - New water heater
  • - Laundry room renovated- no laundry lease - Exterior of property partially repainted - Strong current rents with considerable upside

Exclusively Listed By

Multifamily

12159 Magnolia Blvd

Listing Price: $2,850,000

Cap Rate
4.73%
Number of Units
10
GRM
14.05
Occupancy
90.0%
Price/Unit
$285,000
Price/Gross SF
$319.58
Gross SF
8,918

Investment Highlights

  • - Hard-to-Find Asset in the Much-Desired Valley Village Residential Area - Corner lot measuring approximately 10,500 square feet of space
  • - Extra large owner's unit with 2 bedroom, 2 baths, private laundry room and 3 entrances with private patio.
  • - Owners unit has huge family room with fireplace & sliding glass door out to patio formal dining room , 2nd fireplace in large living room. Central air, 2 car tandem parking
  • - Extra large units totaling 8918 square feet, averaging 891 square feet per unit - Units are bright featuring large private balconies
  • - Fireplaces in some units - Six (6) of 10 units have been fully- remodeled - Seismic retrofit completed - Copper plumbing - New water heater
  • - Laundry room renovated- no laundry lease - Exterior of property partially repainted - Strong current rents with considerable upside

Investment Overview

Marcus & Millichap is pleased to present 12159 Magnolia Boulevard, a ten-unit multifamily asset in the much-desired Valley Village residential area.

Exclusively Listed By

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