12015 Kling St | Valley Village, CA 91607
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12015 Kling St
Valley Village, CA 91607
24 Unit Building in Prime Valley Village · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- LOCATED prime Valley Village adjacent to Studio City and North Hollywood
- ATTRACTIVE value-add investment opportunity with 28% upside in market rents
- AMENITY rich location within close walking distance to an array of fine dining, shopping and entertainment options
- EXCELLENT unit mix consisting of sixteen 2 Bedroom / 2 Bathroom units, and eight 1 Bedroom / 1 Bathroom units
- Seismic Retrofit has been completed
- UNITS separately metered for gas and electric and private patio’s
PROPERTY FACTS
| No. Units | 24 | Building Size | 23,973 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.65 AC | ||
| Zoning | LAR3 | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 23,973 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1/1,000 SF |
| Zoning | LAR3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Property Manager on Site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 16 | $2,723 | - |
| 1+1 | 8 | $2,395 | 821 - 1,057 |
PROPERTY TAXES
| Parcel Number | 2355-014-026 | Improvements Assessment | $2,907,000 |
| Land Assessment | $4,360,500 | Total Assessment | $7,267,500 |
PROPERTY TAXES
Parcel Number
2355-014-026
Land Assessment
$4,360,500
Improvements Assessment
$2,907,000
Total Assessment
$7,267,500
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