12206 Magnolia Blvd Valley Village, CA 91607-2631

Property Details for 12206 Magnolia Blvd

Year built

1964

Construction

WOOD

Lot size

0.28 lot acres

Property size

9,734 SF

Zone code

LAR3

Property type

Apartment buildings

APN

2356-016-023

APU

2356016023

Description

Prime Valley Village location presents a compelling value-add multifamily investment opportunity. This meticulously maintained two-story building, constructed in 1964, comprises ten units: six spacious two-bedroom/two-bathroom units, three one-bedroom/one-bathroom units, and one unique one-bedroom/two-bathroom unit. Many units boast private patios or balconies. The property features a completed seismic retrofit and newer water heaters, showcasing pride of ownership. Central air and heating are installed throughout, complemented by ten covered parking spaces—one per unit. The 9,734 square foot building sits on a quiet, tree-lined street and enjoys 100% occupancy. Recent upgrades to select units enhance their appeal to modern renters. Its strategic location near major employers like Universal Studios, CBS, and NBC, along with proximity to the NoHo Arts District and NoHo West, ensures consistent rental demand. The property is zoned LAR3 and offers a compelling price per square foot of $292, with a land value of $230 per square foot. The asking price is $2,850,000, or $285,000 per unit. This represents a rare chance to acquire a clean, quiet, and centrally located income-generating asset in a highly sought-after Valley neighborhood. The APN is 2356016023. The address is 12206 Magnolia Blvd, Los Angeles, CA 91607.