This exceptional 6-unit building, located in the highly desirable Valley Village neighborhood of Los Angeles, presents a prime investment opportunity. The property features a well-maintained structure with stable tenants and minimal ongoing maintenance, making it an attractive asset for any investor. The property is situated in an area with excellent schools, further enhancing its appeal.The current unit mix consists of four 1-bedroom, 1-bath units and two studio apartments, offering a diverse tenant base. Additionally, there are four parking spaces available in the rear carport, along with ample street parking, ensuring convenient access for tenants.The property also offers significant upside potential. The existing 2-car garage, currently used for storage, presents an opportunity for conversion into an Accessory Dwelling Unit (ADU), which could further increase rental income or add significant value to the property.Recent capital improvements include the replacement of electric panels and water heaters, ensuring that the property is up-to-date and in good working order. The on-site laundry facilities generate approximately $3,000 in additional annual income, further enhancing the investment’s financial performance.This property represents a rare opportunity to acquire a well-positioned, low-maintenance asset in a highly sought-after location with strong future potential.
Property Details
Price:
$1,770,000
MLS #:
25516997
Status:
Active
Baths:
0
Address:
11926 Magnolia Boulevard
Type:
Residential Income
Neighborhood:
vvlvalleyvillage
City:
Valley Village
Listed Date:
Mar 24, 2025
State:
CA
ZIP:
91607
Lot Size:
6,498 sqft / 0.15 acres (approx)
Year Built:
1947
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Schools
Interior
Appliances
Refrigerator
Heating
Wall Furnace
Exterior
Parking Features
Carport, Garage – Two Door
Parking Spots
6.00
Stories Total
2
Financial
Tenant Pays
Electricity, Cable T V, Gas
Map
Community
- Address11926 Magnolia Boulevard Valley Village CA
- AreaVVL – Valley Village
- CityValley Village
- CountyLos Angeles
- Zip Code91607
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11926 Magnolia Boulevard
Valley Village, CA
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