12235 Magnolia Blvd Los Angeles, CA 91607
Valley Village NeighborhoodEstimated payment $35,377/month
Total Views
3,871
15
Beds
17
Baths
18,805
Sq Ft
$292
Price per Sq Ft
Highlights
- 24 Car Garage
- North Hollywood Senior High School Rated A
- Laundry Facilities
About This Home
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
Home Type
- Multi-Family
Year Built
- Built in 1983
Lot Details
- 9,354 Sq Ft Lot
Parking
- 24 Car Garage
Interior Spaces
- 18,805 Sq Ft Home
- 3-Story Property
Kitchen
- Oven or Range
- Microwave
- Freezer
- Dishwasher
Bedrooms and Bathrooms
- 15 Bedrooms
- 17 Bathrooms
Community Details
- 17 Units
- Laundry Facilities
Listing and Financial Details
- Assessor Parcel Number 2347-023-055
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/20/2025 05/20/25 | For Sale | $5,495,000 | -- | $292 / Sq Ft |
Source: The MLS
Similar Homes in the area
Source: The MLS
MLS Number: 25541295
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Nearby Homes
- 5238 Hermitage Ave
- 5255 Bellingham Ave Unit 208
- 5253 Vantage Ave Unit 202
- 5305 Bellingham Ave Unit 103
- 12330 Magnolia Blvd Unit 101
- 12330 Magnolia Blvd Unit 108
- 5240 Vantage Ave Unit 101
- 5240 Vantage Ave Unit 112
- 5319 Vantage Ave
- 12335 Otsego St
- 5337 Bellingham Ave
- 12041 Hartsook St
- 12039 Weddington St
- 5418 Hermitage Ave
- 5410 Rhodes Ave Unit 209
- 5449 Bellingham Ave
- 12432 Hesby St
- 5101 Whitsett Ave Unit 105
- 11940 Weddington St Unit 19
- 5014 Whitsett Ave
- 12159 Magnolia Blvd
- 12301 Magnolia Blvd
- 5224 Corteen Place Unit 10
- 5257 N Bainbridge Place
- 5253 Vantage Ave Unit 105
- 5327 N Hermitage Ave
- 5120 1/2 Laurel Canyon Blvd
- 5118 1/2 Laurel Canyon Blvd
- 12405-12415 Weddington St
- 5405 Hermitage Ave Unit 204
- 5418 Hermitage Ave Unit 103
- 5044 Laurel Canyon Blvd
- 5422 Hermitage Ave Unit 105
- 12111 Chandler Blvd
- 5248 Whitsett Ave Unit 1/2
- 5240 Whitsett Ave
- 5424 Corteen Place
- 12355 Chandler Blvd Unit 202
- 5110 Whitsett Ave Unit 105
- 4959 Laurel Canyon Blvd