Sold
Closed
12015 Kling Street
Valley Village CA, 91607
$7,125,000
$297.21 per sqft
Sold
Closed
40 Beds
40 Baths
23,973 sqft
Residential
Built in 1961
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!
23313083
MLSⓇ ID
September 19, 2023
Listed
October 17, 2024
Updated
Map
12015 Kling Street
Valley Village CA, 91607
Interior Features
Total Stories
2
Bedrooms
40
Total Bathrooms
40
Appliances
Dishwasher, Refrigerator, Dryer
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.65 Acres
Other Property Details
Area Name
VVL - Valley Village
Days on Market
50
Garage
No
Parking
Assigned
Parking Total
24
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Listed by David Saghian, Kidder Mathews of California, Inc., CA DRE 01992252
Listing Contact: 818-231-5540
Based on information from the CRISNet MLS as of 10/17/2024, 5:23 PM UTC. 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 information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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