Multifamily
11925 Kling St
11925 Kling St, Los Angeles, CA 91607
Listing Price: $22,000,000
Cap Rate
4.59%
Number of Units
48
GRM
12.66
Price/Unit
$458,333
Price/Gross SF
$419.90
Gross SF
52,393
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 11925 Kling St, a 48-unit investment opportunity located in the 91607 zip code of Valley Village, a submarket of Los Angeles, CA.
Investment Highlights
- Situated in the highly desirable Valley Village submarket, known for strong residential demand, accessibility, and proximity to major employment hubs.
- Rare opportunity to acquire a large-scale condo community where all 48 units are individually parceled, offering maximum flexibility for multiple exit strategies.
- Each unit is equipped with a private washer and dryer, enhancing tenant appeal and supporting stronger occupancy and retention.
- Modern, fully equipped on-site gym enhances tenant lifestyle by providing convenient access to health and wellness amenities, increasing tenant satisfaction and supporting premium rental positioning.
- Relaxing hot spa offers a resort-style living experience, elevating the property's appeal and promoting tenant retention through desirable, high-end communal features.
- Built in 2012, the asset offers a modern, well-appointed residential product.
- Strategically positioned with convenient access to Burbank Airport, major freeways, and the North Hollywood Metro Station, the property draws from a broad tenant base with strong ties to the region's robust entertainment, media, and technology employment corridors.
Exclusively Listed By
Listing Price: $22,000,000
Cap Rate
4.59%
Number of Units
48
GRM
12.66
Price/Unit
$458,333
Price/Gross SF
$419.90
Gross SF
52,393
Investment Highlights
- Situated in the highly desirable Valley Village submarket, known for strong residential demand, accessibility, and proximity to major employment hubs.
- Rare opportunity to acquire a large-scale condo community where all 48 units are individually parceled, offering maximum flexibility for multiple exit strategies.
- Each unit is equipped with a private washer and dryer, enhancing tenant appeal and supporting stronger occupancy and retention.
- Modern, fully equipped on-site gym enhances tenant lifestyle by providing convenient access to health and wellness amenities, increasing tenant satisfaction and supporting premium rental positioning.
- Relaxing hot spa offers a resort-style living experience, elevating the property's appeal and promoting tenant retention through desirable, high-end communal features.
- Built in 2012, the asset offers a modern, well-appointed residential product.
- Strategically positioned with convenient access to Burbank Airport, major freeways, and the North Hollywood Metro Station, the property draws from a broad tenant base with strong ties to the region's robust entertainment, media, and technology employment corridors.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 11925 Kling St, a 48-unit investment opportunity located in the 91607 zip code of Valley Village, a submarket of Los Angeles, CA.
Exclusively Listed By