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$1,069,960   Price Analysis
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11840 Magnolia Blvd
Valley Village, CA 91607
3 bed 3 bath 1,902 SqFt ($562/SqFt)
6,500SqFt lot. Built 1939
Listed 2024-08-01, Taxes $2,557
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Opportunity awaits in the heart of Valley Village with this prime 3-unit property!

Featuring three 1 bedroom, 1 bthroom units, this gem has been owned by the same family for over 48 years. Each unit boasts hardwood floors and a charming dining area. The back unit offers a private patio for added outdoor enjoyment.

With three 1-car garages and a long driveway, parking is never an issue. This is a rare find in an unbeatable locationperfect for investors or owner-occupants looking to capitalize on a highly sought-after area. Dont miss out on this exceptional opportunity!


Presented by Brad Korb at
Brad Korb Real Estate Group.
Listing Agent Photo

Property MLS #BB24146463 from CRMLS

Bedrooms: 3

Full Bathrooms: 3

Lot Description: Front Yard
Lot Size Acres: 0.1492195
Lot Size Source: Assessor
Lot Size Square Feet: 6500

Garage Spaces: 3
Parking Total: 3

Number of Units: 3
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1

Rent Control: Yes

Community Features: Curbs, Sidewalks, Street Lights

Source Listing Status: Active
County: Los Angeles
Cap Rate: 4.00
Source Property Type: Residential Income
Insurance Expense: 2500.00
Area: VVL - Valley Village
Source Neighborhood: VVL - Valley Village
New Taxes Expense: 13375.00
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 1
Parcel Number: 2355006025
Postal Code Plus 4: 2829
Zoning: LARD1.5
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$72,541 + $114,165
$186,706
$2,557
2021$71,119 + $111,927
$183,046
$2,517
2020$70,390 + $110,780
$181,170
$2,537
2019$69,010 + $108,608
$177,618
$2,449
2018$67,657 + $106,479
$174,136
$2,339
2017$66,331 + $104,392
$170,723
$2,290
2016$65,031 + $102,346
$167,377
$2,218
2015$64,055 + $100,809
$164,864
$2,189
2014$62,801 + $98,835
$161,636
$2,216
2013$62,518 + $98,389
$160,907
$2,216
2012$61,293 + $96,460
$157,753
$2,245
2010$60,092 + $94,569
$154,661
$2,209
2009$59,785 + $94,086
$153,871
$2,132
2009$59,643 + $93,863
$153,506
$2,132
2008$58,613 + $92,242
$150,855
$2,049
2007$57,464 + $90,434
$147,898
$1,976

Listed 2024-08-01
$1,069,960
CRMLS
Listing removed 2018-10-18
$1,650
HeroPM
Price Changed for rent 2018-10-16
$1,650
HeroPM
Listed for rent 2018-10-02
$1,695
HeroPM
Listing removed 2018-08-03
$1,595
HeroPM
Listed for rent 2018-07-26
$1,595
HeroPM
Listing removed 2016-01-14
$1,395
HeroPM
Price Changed for rent 2015-12-15
$1,395
HeroPM
Price Changed for rent 2015-11-19
$1,450
HeroPM
Listed for rent 2015-11-10
$1,550
HeroPM
Sold 1978-04-06
$87,500
Public Record

Net Operating Income: 42527.00

Total Square Feet Living: 1902
Year Built: 1939
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: living room
Property Age: 85
Property Attached: Yes
Building Total Stories: 1
Structure Type: Triplex
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 3503.00
Water Source: Public

North Hollywood Senior High School is a public high school located approximately 0.2 miles away.
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Colfax Charter Elementary School is a public elementary school located approximately 0.3 miles away.
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Walter Reed Middle School is a public middle school located approximately 0.9 miles away.
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Country School, The is a private elementary and middle school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.