11840 Magnolia Blvd
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11840 Magnolia Blvd
3 Unit Apartment Building Offered at $979,979 at a 4.34% Cap Rate in Valley Village, CA 91607
Executive Summary
Opportunity awaits in the heart of Valley Village with this prime 3-unit property! Featuring three 1 bedroom, 1 bathroom units, this gem has been owned by the same family for over 48 years. Each unit boasts hardwood floors and a charming dining area. The back unit offers a private patio for added outdoor enjoyment. With three 1-car garages and a long driveway, parking is never an issue. This is a rare find in an unbeatable location—perfect for investors or owner-occupants looking to capitalize on a highly sought-after area. Don’t miss out on this exceptional opportunity!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$61,905
|
$32.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$61,905
|
$32.55
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$19,378
|
$10.19
|
| Net Operating Income |
$42,527
|
$22.36
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $61,905 |
| Annual Per SF | $32.55 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $61,905 |
| Annual Per SF | $32.55 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $19,378 |
| Annual Per SF | $10.19 |
| Net Operating Income | |
|---|---|
| Annual | $42,527 |
| Annual Per SF | $22.36 |
Property Facts Under Contract
| Price | $979,979 | Lot Size | 0.15 AC |
| Price Per Unit | $326,660 | Building Size | 1,902 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 4.34% | No. Stories | 1 |
| Gross Rent Multiplier | 15.83 | Year Built | 1939 |
| No. Units | 3 | Parking Ratio | 1.58/1,000 SF |
| Property Type | Multifamily |
| Price | $979,979 |
| Price Per Unit | $326,660 |
| Sale Type | Investment |
| Cap Rate | 4.34% |
| Gross Rent Multiplier | 15.83 |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.15 AC |
| Building Size | 1,902 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1939 |
| Parking Ratio | 1.58/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,722 | - |
1 of 1
Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (71)
-
Brad Korb -
Brad Korb Real Estate Group
1 of 43
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11840 Magnolia Blvd
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