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12015 Kling St Valley Village, CA 91607
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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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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Kidder Mathews of California, Inc.