11840 Magnolia Blvd Los Angeles, CA 91607

Property Details for 11840 Magnolia Blvd

Year built

1939

Property size

1,902 SF

Property type

Commercial real estate

APN

2355-006-025

Description

This exceptional investment opportunity presents a 3-unit apartment building located at 11840 Magnolia Blvd, Los Angeles, CA 91607. The property, built in 1939, sits on a 6,500 square foot lot and boasts a total of 1,902 square feet of living space. Each of the three units features one bedroom and one bathroom, with hardwood floors and charming dining areas. One unit includes a private patio. Parking is ample, with three 1-car garages and a long driveway providing three parking spaces. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $42,527, resulting in a 4.34% capitalization rate. The asking price is $979,979, translating to $326,660 per unit and $515.24 per square foot. This meticulously maintained property has been under the same ownership for over 48 years, offering a rare opportunity for investors or owner-occupants seeking a stable, high-performing asset in a highly desirable Los Angeles neighborhood. The property's location in Valley Village provides convenient access to local amenities and major transportation routes. The Los Angeles County Assessor's Parcel Number (APN) is 2355-006-025. This is a turnkey investment ready for immediate income generation.