12
$439.40
$441,667
12,062
0.38
16.53
3.82%
The LAAA Team of Marcus & Millichap is pleased to present this 12-unit multifamily offering located at 12360-12364 Magnolia Blvd in Valley Village, CA.
Built in 1952, this recently renovated multifamily property sits on a 16,912 SqFt Lot (0.38 Acres), and it has a total building size of 12,062 SqFt and an excellent unit mix with all large 2-Bed units, with the average unit size being over 1,000 SqFt.
Over the past 3 years, the Seller has spent a significant amount of money on interior and exterior renovations. In total, the Seller pulled and finalized 19 different permits with the city since mid-2018 for electrical, plumbing, HVAC, and general building repairs. For a list of these permits, please give us a call or email.
This offering is ideal for the value-add investor who wants to own a very well-located Valley Village property with the potential to increase the rental income by nearly 20%.
