12425 Magnolia

    Valley Village, CA 91607
    • $1,450,000
    • STATUS: Active Under Contract
    • ON SITE: 66 days
    • ID#: 18393590
    Under Contract
    UPDATED: 27 min ago
    $1,450,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,462
      SQFT
    • $325
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    This property is located in Valley Village. This multifamily building offers great rental upside potential with consistent cash flows taking advantage of the tight Los Angeles rental market.The subject property was built in 1958 with 4,450 square feet of multifamily units sitting on 5,678 square feet of land. This offering has a unit mix consisting of two one-bedroom/one-bath units and three two-bedroom/one-bath units. There is also a laundry facility that is available for all tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T08:25:31.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.teamforss.com/homes/88230228

    12425 Magnolia Valley Village, CA 91607

    • Price: $1,450,000
    • Status: Active Under Contract
    • Updated: 27 min ago
    • ID#: 18393590
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    4,462
    SQFT
    $325
    $/SQFT
    1958
    Built
    Neighborhood:
    VVL - Valley Village
    County:
    Los Angeles
    Area:
    VVL - Valley Village
    Property Description
    This property is located in Valley Village. This multifamily building offers great rental upside potential with consistent cash flows taking advantage of the tight Los Angeles rental market.The subject property was built in 1958 with 4,450 square feet of multifamily units sitting on 5,678 square feet of land. This offering has a unit mix consisting of two one-bedroom/one-bath units and three two-bedroom/one-bath units. There is also a laundry facility that is available for all tenants.
    Exterior Features

    Lot Size Units Square Feet Parking Features Carport Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Laundry Features None

    Property Features

    Electric Expense 4500.00 Gross Multiplier 16.62 Gross Operating Income 87240.00 Improvements Amount 673200 Insurance Expense 4000.00 Land Value 448800 Laundry YN No Maintenance Expense 2500.00 Net Operating Income 50040.00 Professional Management Expense 3433.00 Special Listing Conditions Standard Total Expenses 35783.00 Trash Expense 3000.00 Zoning Lard1.5

    Listing provided courtesy of Elliot Hassan of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T08:25:31.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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