11840 West Magnolia Boulevard

Valley Village, CA 91607

$979,979
Price
3
Beds
3
Baths
1,902 Sq. Ft.
$515 / Sq. Ft.
1,902
Sq. Ft.
$515
per Sq. Ft.

Description

Back on market! Previously sold with multiple offers over list price! Run, don't walk! Opportunity awaits in the heart of Valley Village with this prime 3-unit property! Featuring three 1 bedroom, 1 bathroom 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...Back on market! Previously sold with multiple offers over list price! Run, don't walk! Opportunity awaits in the heart of Valley Village with this prime 3-unit property! Featuring three 1 bedroom, 1 bathroom 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 location—perfect for investors or owner-occupants looking to capitalize on a highly sought-after area. Don’t miss out on this exceptional opportunity!
  1. Listed by Bradley Korb • DRE #00698730 • Brokerage DRE #01160663 • Brad Korb Real Estate Group • brad@bradkorb.com

Property Details for 11840 West Magnolia Boulevard

Parking Spaces Total
3
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1902
Assessor Parcel Number
2355-006-025
Property Attached YN
true
LISTING UPDATED: 10/18/2024 06:38 AM

Property Details for 11840 West Magnolia Boulevard

StatusActive
MLS #BB24192134
Days on Market64
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1939
Lot Size0.15 AC / 6,500 SF
CountyLos Angeles County

Building Information for 11840 West Magnolia Boulevard

Stories1Residences-Year Built1939Building Size-Lot Size0.15 AC / 6,500 SF

Property Information for 11840 West Magnolia Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $61,905
  • Gross Scheduled Income: $61,905
  • Net Operating Income: $42,527
  • Gross Multiplier: 15.83
  • Cap Rate: 4.34
Expense Details
  • Operating Expense: $19,378
  • New Taxes Expense: $13,375
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,500
  • Trash Expense: $0
  • Water Sewer Expense: $3,503
  • Total Expenses: $19,378
Tax / Assessment Info
  • Tax Tract Number: 7378
  • Tax Census Tract: 1251.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 85
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: living room
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,867
  • Unit Type Total Rent: $1,867
  • Unit Type Pro Forma: 1867
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,576
  • Unit Type Total Rent: $1,576
  • Unit Type Pro Forma: 1577
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,716
  • Unit Type Total Rent: $1,716
  • Unit Type Pro Forma: 1716
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 11840 West Magnolia Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11840 West Magnolia Boulevard

Taxable ValueLand$118,776Additions$75,470Total$194,246
Tax Record2024$2,718 ($227 / month)
Home Facts
Total Finished SqFt1,976 SqFtAbove Grade Finished SqFt1,976 SqFtLot Size6,498 SqFtStyleTriplexYear Built1939ZoningLARD1.5CountyLOS ANGELESAPN2355-006-025

Schools near 11840 West Magnolia Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Colfax Charter Elementary School
CharterK to 5

Walter Reed Middle School
Public6 to 8

North Hollywood Senior High School
Public9 to 12

Amelia Earhart Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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11840 West Magnolia Boulevard is a multi-family home for sale in Valley Village, CA 91607. This property was listed for sale on September 18, 2024 by Brad Korb Real Estate Group, it's currently listed at $979,979. This listing's school district is Los Angeles Unified School District. Nearby schools include Colfax Charter Elementary School, Walter Reed Middle School and North Hollywood Senior High School. 11840 West Magnolia Boulevard is a 3-bed, 3-bath, 1,902 sqft multi-family home built in 1939.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Brad Korb Real Estate Group, Bradley Korb, DRE #00698730

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.