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 5.48% 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.
Property Details
Price:
$5,495,000
MLS #:
25541295
Status:
Active
Baths:
0
Type:
Residential Income
Neighborhood:
vvlvalleyvillage
Listed Date:
May 20, 2025
Lot Size:
9,354 sqft / 0.21 acres (approx)
Year Built:
1983
See this Listing
Schools
Interior
Appliances
Dishwasher, Microwave, Refrigerator
Laundry Features
Community
Exterior
Parking Features
Covered, Garage, Private
Parking Spots
24.00
Financial
Map
Community
- Address12235 Magnolia Boulevard Valley Village CA
- NeighborhoodVVL – Valley Village
- CityValley Village
- CountyLos Angeles
- Zip Code91607
Subdivisions in Valley Village
Market Summary
Current real estate data for Residential Income in Valley Village as of Oct 23, 2025
10
Residential Income Listed
202
Avg DOM
$3,083,489
Avg List Price
Property Summary
- 12235 Magnolia Boulevard Valley Village CA is a Residential Income for sale in Valley Village, CA, 91607. It is listed for $5,495,000
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