12206 Magnolia BLVD, Valley Village, CA 91607

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$2,850,000

Est. payment - /mo

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16 BD

17 BA

9,734 SqFt

Active Under Contract

12206 Magnolia BLVD Valley Village, CA 91607

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Enrique Arce Cervera

enriquearcerealty@gmail.com +1(702) 601-3668

UPDATED:

12/05/2024 03:24 AM

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 9,734 sqft

Price per Sqft $292

MLS Listing ID 224004134

Bedrooms 16

Full Baths 17

Construction Status Building Permit

HOA Y/N No

Year Built 1964

Lot Size 0.284 Acres

Property Description

Prime Valley Village Multifamily OpportunityDiscover this rare investment opportunity in the heart of Valley Village. This well-maintained 10-unit building, situated on a quiet, tree-lined street, offers a diverse mix of units with excellent rental upside potential. The property features 6 spacious 2-bedroom/2-bath units, 3 1-bedroom/1-bath units, and 1 unique 1-bedroom/2-bath unit, many of which include private patios or balconies--perfect for enjoying the SoCal lifestyle. Recent upgrades include completed seismic retrofit work and Newer water heater, the building exudes pride of ownership.Built in 1964, this charming two-story property boasts central air and heating throughout, along with 10 covered parking spots. The building is meticulously cared for, with some units tastefully remodeled to appeal to modern renters. Located near top employers like Universal Studios, CBS, and NBC, as well as close proximity to the vibrant NoHo Arts District, NoHo West, and renowned dining and shopping options, this multifamily property is ideally situated for steady rental demand. Don't miss this chance to own a clean, quiet, and centrally located income-generating asset in one of the Valley's most sought-after neighborhoods

Location

State CA

County Los Angeles

Area Vvl - Valley Village

Zoning LAR3

Interior

Heating Forced Air

Cooling Central Air

Flooring Wood

Fireplace No

Appliance Water Heater

Exterior

Parking Features Covered, Carport

Garage Spaces 10.0

Carport Spaces 10

Garage Description 10.0

Community Features Park

View Y/N No

Total Parking Spaces 10

Private Pool No

Building

Lot Description Near Park, Paved

Story 2

Entry Level Two

Level or Stories Two

Construction Status Building Permit

Others

Senior Community No

Tax ID 2356016023

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Jason Vollmer • Beverly and Company Inc.

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Enrique Arce Cervera

Realtor | RE.S.0193817

+1(702) 601-3668

12206 Magnolia BLVD Valley Village, CA 91607

Enrique Arce Cervera

Key Details

Location

Interior

Exterior

Building

Others

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12206 Magnolia BLVD