Multifamily

12001 Magnolia Blvd

12001 Magnolia Blvd, Valley Village, CA 91607

Listing Price: $1,195,000

Cap Rate
2.50%
Number of Units
3
GRM
22.63
Occupancy
97.0%
Price/Unit
$398,333
Price/Gross SF
$554.78
Gross SF
2,154

Investment Overview

We are pleased to present 12001 Magnolia Boulevard located in Valley Village, California. Current improvements consist of a three-unit building totaling 2,154-square feet of rentable area. The site is 6,094-quare feet with an additional 1,120-square feet of an alley, zoned R3-1 with TOC Tier 3. With the relocation of tenants, a developer has the opportunity to build 8 units by-right or up to 16 units with its allowable density bonus.

Boasting a Walk Score of 87, the Offering is well located between North Hollywood to the North, Studio City to the South, Sherman Oaks and Encino to the West and Toluca Lake, Burbank and Glendale to the East. With the brand new NoHo West mega-development nearing completion, future tenants will be minutes from premier dining, shopping and entertainment. In addition, just 1.1 miles away is the trendy and revitalized NoHo Arts District. Public transportation is highly accessible to tenants as well. The North Hollywood Metro Station, the Valley's largest public transportation hub, which connects the Red Line and Orange Line, sits just 1.4 miles from the subject Property.

Investment Highlights

  • Site for Eight Units by Right or 16 Units with Tier 3 TOC
  • Close to NoHo Mega Development
  • Walk Score of 87

Exclusively Listed By

Listing Price: $1,195,000

Cap Rate
2.50%
Number of Units
3
GRM
22.63
Occupancy
97.0%
Price/Unit
$398,333
Price/Gross SF
$554.78
Gross SF
2,154

Investment Highlights

  • Site for Eight Units by Right or 16 Units with Tier 3 TOC
  • Close to NoHo Mega Development
  • Walk Score of 87

Investment Overview

We are pleased to present 12001 Magnolia Boulevard located in Valley Village, California. Current improvements consist of a three-unit building totaling 2,154-square feet of rentable area. The site is 6,094-quare feet with an additional 1,120-square feet of an alley, zoned R3-1 with TOC Tier 3. With the relocation of tenants, a developer has the opportunity to build 8 units by-right or up to 16 units with its allowable density bonus.

Boasting a Walk Score of 87, the Offering is well located between North Hollywood to the North, Studio City to the South, Sherman Oaks and Encino to the West and Toluca Lake, Burbank and Glendale to the East. With the brand new NoHo West mega-development nearing completion, future tenants will be minutes from premier dining, shopping and entertainment. In addition, just 1.1 miles away is the trendy and revitalized NoHo Arts District. Public transportation is highly accessible to tenants as well. The North Hollywood Metro Station, the Valley's largest public transportation hub, which connects the Red Line and Orange Line, sits just 1.4 miles from the subject Property.

Exclusively Listed By

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