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Valley Village, CA 91607,12206 Magnolia BLVD
Valley Village, CA 91607,12206 Magnolia BLVD
Valley Village, CA 91607,12206 Magnolia BLVD
$2,625,000
Est. payment /mo
$2,850,000
7.9%
Est.Price: ?

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16 Beds
17 Baths
9,734 SqFt
SOLD DATE : 01/01/2025

Key Details

Sold Price $2,625,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 9,734 sqft

Price per Sqft $269

MLS Listing ID 224004134

Bedrooms 16

Full Baths 17

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

Exterior

Parking Features Covered, Carport

Garage Spaces 10.0

Garage Description 10.0

Community Features Park

View Y/N No

Building

Lot Description Near Park, Paved

Story 2

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jason Vollmer • Beverly and Company Inc.
Bought with Armen Arakelyan • HK Realty
agent
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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