12235 Magnolia Boulevard, Valley Village, CA 91607

Local realty services provided by:ERA Carlile Realty Group
12235 Magnolia Boulevard,Valley Village, CA 91607
$5,395,000
  • 15 Beds
  • 17 Baths
  • 18,805 sq. ft.
  • Multi-family
  • Active
Listed by:dario svidler
Office:keller williams beverly hills
MLS#:25541295
Source:CRMLS

Price summary

  • Price:$5,395,000
  • Price per sq. ft.:$286.89

About this home

PRICE REDUCED! 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 5.60% 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

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Home facts

  • Year built:1983
  • Listing ID #:25541295
  • Added:151 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

  • Bedrooms:15
  • Total bathrooms:17
  • Living area:18,805 sq. ft.

Structure and exterior

  • Year built:1983
  • Building area:18,805 sq. ft.
  • Lot area:0.21 Acres

Finances and disclosures

  • Price:$5,395,000
  • Price per sq. ft.:$286.89
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