Valley Village, CA 91607,12015 Kling St
Valley Village, CA 91607,12015 Kling St
Valley Village, CA 91607,12015 Kling St
75
$7,125,000
$7,750,000
8.1%
Est.Price: ?

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40 BD
40 BA
23,973 SqFt

12015 Kling St Valley Village, CA 91607

Est. payment /mo
SOLD DATE : 12/27/2023

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Key Details

Sold Price $7,125,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 23,973 sqft

Price per Sqft $297

MLS Listing ID 23-313083

Bedrooms 40

Year Built 1961

Lot Size 0.648 Acres

Property Description

The offering is a rare and attractive value add investment property located in Valley Village adjacent to Studio City. The property is situated in one of the trendiest neighborhoods in the San Fernando Valley, located just off of Laurel Canyon Blvd tenants are within close walking distance to a plethora of fine dining, shopping, and entertainment option. The asset is well maintained with little to no deferred maintenance and recent additions and upgraded copper plumbing. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime Valley location with value-add potential of about 28%. There is an excellent unit mix consisting of eight (8) one (1)Bedroom / one (1) Bathroom units and, sixteen (16) two (2) Bedroom/ two (2) Bathroom units, very desirable for today's rental market. There is ample space for parking as well in the back of the building. Seismic Retrofit has been completed. All units are separately metered gas and electric and include their own private patio's. This valuable asset is available for sale for the first time in 50 Years!

Location

State CA

County Los Angeles

Area Valley Village

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall Electric

Cooling Wall Unit(s)

Equipment Dishwasher, Dryer, Refrigerator

Exterior

Parking Features Assigned

Garage Spaces 24.0

Building

Story 2

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Kidder Mathews of California, Inc.
Bought with Kidder Mathews of California, Inc.

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agent

Norma Mardelli

Agent | License ID: 01477249

+1(818) 400-3794

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