Valley Village, CA 91607,12015 Kling ST
Valley Village, CA 91607,12015 Kling ST
Valley Village, CA 91607,12015 Kling ST
Valley Village, CA 91607,12015 Kling ST
Valley Village, CA 91607,12015 Kling ST
Valley Village, CA 91607,12015 Kling ST
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$7,125,000

$7,750,000

8.1%
Est.Price: ?

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Est. payment /mo

40 Beds

40 Baths

23,973 SqFt


SOLD DATE : 12/27/2023

Key Details

Sold Price $7,125,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 23,973 sqft

Price per Sqft $297

MLS Listing ID 23313083

Sold Date 12/27/23

Bedrooms 40

HOA Y/N No

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 Vvl - Valley Village

Zoning LAR3

Interior

Fireplace No

Appliance Dishwasher, Refrigerator, Dryer

Exterior

Parking Features Assigned

Total Parking Spaces 24

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2355014026

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by David Saghian • Kidder Mathews of California, Inc.
Bought with David Saghian • Kidder Mathews of California, Inc.
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