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Mixed-Use

Magnolia Nineteen

11700 Magnolia Blvd, Los Angeles, CA 91607

Listing Price: $11,250,000

Cap Rate
4.84%
Number of Units
19
Occupancy
87.5%
Price/Unit
$592,105
Price/Gross SF
$522.72
Gross SF
21,522

Investment 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.

Investment 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, Magnolia Nineteen's large floorplans are unmatched in the market.
  • 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 puts Magnolia Nineteen's residents within a 30-minute commute of 2.7 million jobs.

Exclusively Listed By

Mixed-Use

Magnolia Nineteen

Listing Price: $11,250,000

Cap Rate
4.84%
Number of Units
19
Occupancy
87.5%
Price/Unit
$592,105
Price/Gross SF
$522.72
Gross SF
21,522

Investment 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, Magnolia Nineteen's large floorplans are unmatched in the market.
  • 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 puts Magnolia Nineteen's residents within a 30-minute commute of 2.7 million jobs.

Investment 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.

Exclusively Listed By

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