12235 Magnolia Boulevard

Valley Village, CA 91607

  • 15 Bed(s)
  • 0 Bath(s)
  • 18,805 Sqft
  • 9354
    Sqft(Lot)
$5,495,000

Description

We are pleased to offer a 17-unit apartment building, available for the first time since it was built just over 40 years ago. this exceptionally well-maintained asset sits on a double lot and features over 18,800 square feet of space, with mostly spacious 1-bedroom units. the building has been under the continuous ownership and care of the original developer, reflecting true pride of ownership. importantly, the building carries a certificate of occupancy from 1984, meaning it is not subject to the city of los angeles rent stabilization ordinance (rso). this exemption offers investors meaningful flexibility in managing turnover and achieving market rents.operating at a 5.34% cap, this property offers a strong return relative to comparable assets in the los angeles multifamily market. rents remain below market levels, providing immediate income along with clear, achievable upside. the large floor plans allow for rent premiums with minimal repositioning.tenants benefit from 24 on-site parking spaces, easy access to the 101 and 170 freeways, nearby public transportation, and a diverse selection of local restaurants, shopping, nightlife, and more.under half a mile to the gelson's at riverside dr., or steps to the jons international marketplace, this is a building where people rent to stay! for local families and job opportunities, the building sits between la valley college and noho high school.the property includes additional income through owned-laundry machines and a rooftop cell antenna lease, offering passive revenue without additional management. the combination of non-rso status, stable tenancy, and physical unit size positions this asset as an ideal long-term hold with both cash flow and future growth potential.with a low price per square foot, strong in-place income, and clear paths to value creation, this is a rare opportunity to acquire a generational-quality asset in turnkey condition.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49881080

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Property Details

  • Bedroom Information

    • Total Bedrooms : 15

    Bathroom Information

    • Total Baths: 17
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Dishwasher,Microwave,Refrigerator

  • Building Information

    • Year Built: 1983
    • Building Area Total: 18,805

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2147
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 9354

  • Listing Price Information

    • Original List Price: 5,495,000
    • Listing Contract Date: 2025-05-20

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2347023055

  • Garage and Parking

    • Garage Description: Covered,Garage,Private
    • Attached Garage: Yes

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: VVL - Valley Village
    • Directions: West of Laurel Canyon Blvd., South of Chandler Blvd., East of Coldwater Canyon Blvd., North of 101 Freeway.
    • Zoning: (Q)R3-1
    • Source Property Type: Residential Income
    • Area: VVL - Valley Village

    Building and Construction

    • Property Age: 42
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 18805
    • Levels or Stories: Three Or More
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BuyOwner last updated this listing 06/09/2025 @ 12:37

  • MLS: 25541295
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 15 bedrooms which is for sale, it has 18,805 sqft, 9,354 sized lot, and 24 parking. are nearby neighborhoods.