12015 Kling Street, Valley Village, CA 91607
- $7,125,000
- 40
- BD
- 40
- BA
- 23,973
- SqFt
List Agent David Saghian () 818-231-5540 Kidder Mathews of California, Inc.; CoList () Courtesy of Selling Office: Kidder Mathews of California, Inc., David Saghian - Selling Agent DRE# and Courtesy of Listing Office Kidder Mathews of California, Inc., David Saghian - Agent DRE#
- Sold Price
- $7,125,000
- List Price
- $7,750,000
- Closing Date
- Dec 27, 2023
- Status
- CLOSED
- MLS#
- 23313083
- Year Built
- 1961
- Bedrooms
- 40
- Bathrooms
- 40
- Living Sq. Ft
- 23,973
- Lot Size
- 28,236
- Days on Market
- 50
- Property Type
- Multifamily
- Stories
- Two Levels
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!
/u.realgeeks.media/ornaered/Elite-Residential-Realty-transparent.png){kind=spacer}
Additional Information
- Appliances
- Dishwasher, Refrigerator, Dryer
Mortgage Calculator
Based on information from CRISNet MLS as of . 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.