Multifamily

11915 Kling St

11915 Kling St, Los Angeles, CA 91607

Listing Price: $28,950,000

Cap Rate
3.32%
Number of Units
80
Price/Unit
$361,875
Price/Gross SF
$359.17
Gross SF
80,602

Investment Overview

Marcus and Millicahp is pleased to present the opportunit y to acquire 80-units located in Valley Village, CA.

Investment Highlights

  • Rare Opportunity to Acquire 80-Units Across Three Apartment Buildings Located in an Excellent Area!
  • Excellent Unit Mix Composed of One-Bedroom, Two-Bedroom and Three-Bedroom Units - Well Suited for Today's Market.
  • Approximately Over 64% in Rental Upside Through Renovation -a True Value-Add Opportunity.
  • Seismic Retrofit Works has Been Completed to all Three Buildings!
  • New Roof on all Three Buildings!
  • Re-Pipe has Been Completed on 11915 & 11930 Kling Street!
  • The subject property's central location within the San Fernando Valley provides residents excellent connectivity to surrounding submarkets and major employment centers.
  • 11915, 11930 and 11935 Kling Street are located blocks away from the epicenter of three of the most desirable neighborhoods in Los Angeles County - Valley Village, Studio City and North Hollywood.

Exclusively Listed By

Listing Price: $28,950,000

Cap Rate
3.32%
Number of Units
80
Price/Unit
$361,875
Price/Gross SF
$359.17
Gross SF
80,602

Investment Highlights

  • Rare Opportunity to Acquire 80-Units Across Three Apartment Buildings Located in an Excellent Area!
  • Excellent Unit Mix Composed of One-Bedroom, Two-Bedroom and Three-Bedroom Units - Well Suited for Today's Market.
  • Approximately Over 64% in Rental Upside Through Renovation -a True Value-Add Opportunity.
  • Seismic Retrofit Works has Been Completed to all Three Buildings!
  • New Roof on all Three Buildings!
  • Re-Pipe has Been Completed on 11915 & 11930 Kling Street!
  • The subject property's central location within the San Fernando Valley provides residents excellent connectivity to surrounding submarkets and major employment centers.
  • 11915, 11930 and 11935 Kling Street are located blocks away from the epicenter of three of the most desirable neighborhoods in Los Angeles County - Valley Village, Studio City and North Hollywood.

Investment Overview

Marcus and Millicahp is pleased to present the opportunit y to acquire 80-units located in Valley Village, CA.

Exclusively Listed By

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