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Multifamily

12360-12364 MAGNOLIA

12360-12364 Magnolia Blvd, Valley Village, CA 91607

Listing Price: $5,300,000

Cap Rate
3.82%
Number of Units
12
Price/Unit
$441,667
Price/Gross SF
$439.40
Gross SF
12,062

Investment Overview

Marcus & Millichap is pleased to present this 12-unit multifamily offering located at 12360-12364 Magnolia Blvd in Valley Village, CA. Built in 1952, this recently renovated multifamily property sits on a 16,912 SqFt Lot (0.38 Acres), and it has a total building size of 12,062 SqFt and an excellent unit mix with all large 2-Bed units, with the average unit size being over 1,000 SqFt. Over the past 3 years, the Seller has spent a significant amount of money on interior and exterior renovations. In total, the Seller pulled and finalized 19 different permits with the city since mid-2018 for electrical, plumbing, HVAC, and general building repairs. For a list of these permits, please give us a call or email. This offering is ideal for the value-add investor who wants to own a very well-located Valley Village property with the potential to increase the rental income by nearly 20%.

Investment Highlights

  • Ample Parking & Laundry Room
  • Great Valley Village Location
  • 75 Walk Score
  • Built in 1952
  • Two 6-Unit Twin Buildings
  • All 2-Bed Units - 1,000 SqFt Avg.
  • Recent Renovations w/ Permits
  • Courtyard Between Buildings

Exclusively Listed By

Financing By

Listing Price: $5,300,000

Cap Rate
3.82%
Number of Units
12
Price/Unit
$441,667
Price/Gross SF
$439.40
Gross SF
12,062

Investment Highlights

  • Ample Parking & Laundry Room
  • Great Valley Village Location
  • 75 Walk Score
  • Built in 1952
  • Two 6-Unit Twin Buildings
  • All 2-Bed Units - 1,000 SqFt Avg.
  • Recent Renovations w/ Permits
  • Courtyard Between Buildings

Investment Overview

Marcus & Millichap is pleased to present this 12-unit multifamily offering located at 12360-12364 Magnolia Blvd in Valley Village, CA. Built in 1952, this recently renovated multifamily property sits on a 16,912 SqFt Lot (0.38 Acres), and it has a total building size of 12,062 SqFt and an excellent unit mix with all large 2-Bed units, with the average unit size being over 1,000 SqFt. Over the past 3 years, the Seller has spent a significant amount of money on interior and exterior renovations. In total, the Seller pulled and finalized 19 different permits with the city since mid-2018 for electrical, plumbing, HVAC, and general building repairs. For a list of these permits, please give us a call or email. This offering is ideal for the value-add investor who wants to own a very well-located Valley Village property with the potential to increase the rental income by nearly 20%.

Exclusively Listed By

Financing By

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