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Real Estate Listing at Properties from The Knight Group LA

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The Knight Group LA

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$5,495,000
42 Days On Site

12235 Magnolia Boulevard
Valley Village, CA 91607

For Sale|Residential Income|Active
15
Beds
17
Total Baths
18,805
SqFt
$292
/SqFt
1983
Built
County:
Los Angeles
Call Now: 503.200.4823
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503.200.4823
12235 Magnolia Boulevard12235 Magnolia Boulevard12235 Magnolia Boulevard12235 Magnolia Boulevard
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Monthly Payment (Est.)

$25,070
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$5,495,000
Days On Site 
42 Days
Bedrooms 
15
Inside Area (SqFt) 
18,805 sqft
Total Baths 
17
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2147 Acres
Year Built 
1983
MLS® Number 
25541295
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.2147
Attached Garage 
Yes
Garage 
Yes
Garage Spaces 
24
Number Of Stories 
3
Parking 
AttachedCoveredGaragePrivate
Parking Spaces 
24
Special Circumstances 
Standard
SqFt Total 
18805
Stories 
Three Or More
Zoning 
(Q)R3-1
Interior Features
Appliances 
DishwasherMicrowaveRefrigerator
Laundry Features 
Common Area
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Community Features
MLS Area 
VVL – Valley Village
Listing courtesy of Dario Svidler of Keller Williams Beverly Hills
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Based on information from the The MLS as of 2025-07-01 10:03 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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