12425 Magnolia

    Valley Village, CA 91607
    • $1,450,000
    • STATUS: Active Under Contract
    • ON SITE: 70 days
    • ID#: 18393590
    Under Contract
    $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 CARETS as of 2018-12-13T23:47:16.563. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.scvnest.com/homes/88229573

    12425 Magnolia Valley Village, CA 91607

    • Price: $1,450,000
    • Status: Active Under Contract
    • ID#: 18393590
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    4,462
    SQFT
    $325
    $/SQFT
    1958
    Built
    Neighborhood:
    Valley Village (Vvl)
    County:
    Los Angeles
    Area:
    Valley Village (Vvl)
    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

    Parking Spaces Total 5 Parking Type Carport

    Interior Features

    Appliances None Cooling Type Wall Unit(S) Heating Type None Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 2

    Property Features

    Actual Annual Gross Rent 87240.00 Actual Gross Annual Income 88440.00 Adjusted Gross Income 87240.00 Assessed Improvement Value 673200.00 Assessed Land Value 448800.00 Country United States Of America Expense Electric 4500.00 Expense Insurance 4000.00 Expense Maintenance 2500.00 Expense Management 3433.00 Expense Tax 17390.00 Expense Total Annual 35783.00 Expense Trash 3000.00 Gross Operating Income 87240.00 Gross Rent Multiplier 16.62 Hoa YN N Legal Disclosures Take Property As IsRent Control Lot Size Source Vendor Enhanced Net Operating Income 50040.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 2510.00 Unit Monthly Rent02 4760.00 Unit Projected Total Monthly Rent01 3200.00 Unit Projected Total Monthly Rent02 6000.00 Unit Total Monthly Rent01 2510.00 Unit Total Monthly Rent02 4760.00 Unit Type01 2 Unit Type02 3 Units Total In Complex 5 Zoning Lard1.5

    Listing provided courtesy of Elliot Hassan DRE#01481211 of Marcus & Millichap.


    Based on information from CARETS as of 2018-12-13T23:47:16.563. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    RE/MAX of Santa Clarita
    25101 The Old Road
    Santa Clarita CA, 91381