11926 Magnolia BLVD #1/4 new Save Request In-Person Tour Request Virtual Tour
Valley Village,CA 91607
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,756 sqft
Price per Sqft $471
MLS Listing ID 25516997
Bedrooms 4
Year Built 1947
Lot Size 6,499 Sqft
Property Description
This exceptional 6-unit building, located in the highly desirable Valley Village neighborhood of Los Angeles, presents a prime investment opportunity. The property features a well-maintained structure with stable tenants and minimal ongoing maintenance, making it an attractive asset for any investor. The property is situated in an area with excellent schools, further enhancing its appeal.The current unit mix consists of four 1-bedroom, 1-bath units and two studio apartments, offering a diverse tenant base. Additionally, there are four parking spaces available in the rear carport, along with ample street parking, ensuring convenient access for tenants.The property also offers significant upside potential. The existing 2-car garage, currently used for storage, presents an opportunity for conversion into an Accessory Dwelling Unit (ADU), which could further increase rental income or add significant value to the property.Recent capital improvements include the replacement of electric panels and water heaters, ensuring that the property is up-to-date and in good working order. The on-site laundry facilities generate approximately $3,000 in additional annual income, further enhancing the investment's financial performance.This property represents a rare opportunity to acquire a well-positioned, low-maintenance asset in a highly sought-after location with strong future potential.
Location
State CA
County Los Angeles
Area Vvl - Valley Village
Zoning LAR3
Interior
Heating Wall Furnace
Exterior
Parking Features Carport,Door-Multi,Garage
Building
Story 2
New Construction No
Others
Special Listing Condition Standard