11840 Magnolia Blvd, Valley Village, CA 91607
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11840 Magnolia Blvd Valley Village, CA 91607

$979,979
  • 3 Beds
  • 3 Baths
  • 1,902 Sq.Ft.
For Sale
$979,979 Get Pre-Qualified

Map preview of 11840 Magnolia Blvd, Valley Village, CA 91607

Property Overview: 11840 Magnolia Blvd Valley Village, CA has 3 bedrooms, 3 bathrooms, 1,902 living square feet and 6,500 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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!

Listed by Bradley Korb | BRE #00698730 | Brad Korb Real Estate Group
Last checked: 2 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
6,500
HOA Dues
$0/mo
Year built
1939
Garage
3 Car
Property Type:
Triplex
Status
Active
MLS#
BB24192134
City
Valley Village
County
Los Angeles
Time on Site
9 hours
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,866
  • Total Rent: $1,866
  • Pro Forma/Market Rent: $1,867
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,576
  • Total Rent: $1,576
  • Pro Forma/Market Rent: $1,577
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,716
  • Total Rent: $1,716
  • Pro Forma/Market Rent: $1,716
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.34%
  • Gross Rent Multiplier: 15.83
  • Gross Scheduled Income: $61,905
  • Net Operating Income: $42,527
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $19,378
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $13,375
  • Trash: $0
  • Insurance: $2,500
  • Water/Sewer: $3,503

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Property Details for 11840 Magnolia Blvd

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 2355006025
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Hartsook / Morella
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
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Sale History for 11840 Magnolia Blvd

View property's historical transactions
  • September, 2024

  • Sep 18, 2024

    Date

    Active

    CRMLS: BB24192134

    $979,979

    Price

  • September, 2024

  • Sep 17, 2024

    Date

    Canceled

    CRMLS: BB24146463

    $1,069,960

    Price

  • Aug 1, 2024

    Date

    Active

    CRMLS: BB24146463

    $1,069,960

    Price

  • Listing provided courtesy of CRMLS

    Relisted. Please do not contact seller.

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Tax History for 11840 Magnolia Blvd

Assessed Value (2020): $181,170
Year Land Value Improved Value Assessed Value
2020 $110,780 $70,390 $181,170

Home Value Compared to the Market

This property vs the competition

11840 Magnolia Blvd is listed 24.62% lower than the median list price for the city of Valley Village which has a median list price of $1,299,999. The median price per/sqft for Valley Village is $675 and this home is listed at $515.24 per/sqft which puts the price per square foot 23.67% lower than the median price per square foot for the city of Valley Village.

About 11840 Magnolia Blvd

Detailed summary of property

11840 Magnolia Blvd is a triplex located in Valley Village, CA 91607 and is currently for sale. This triplex offers 3 bedrooms, 3 bathrooms, roughly 1,902 living square feet, and sits on an approximately 6,500 square foot lot. 11840 Magnolia Blvd was first listed on ArdentRealEstateGroup.com on September 18, 2024. The homeowner is currently asking $979,979. The median priced home in Valley Village is $1,299,999 with a median price per square foot of $675. Based on Ardent Real Estate Group's Valley Village Market Data, this home is listed 24.62% lower than the median priced home. Local competing homes currently for sale include 800 N Hobart Blvd, 472 N Oxford Ave and 1119 N Heliotrope Dr. There are currently 62 homes for sale in the Valley Village real estate market and 37 of them are single family homes while 17 of them are condos and 8 are townhomes. For more information on this home for sale at 11840 Magnolia Blvd Valley Village, CA 91607 contact Ardent Real Estate Group and we will put you in touch with one of our Valley Village agents.

Public Facts for 11840 Magnolia Blvd

Public county record property details
Beds
3
Baths
3
Year built
1939
Sq. Ft.
1,976
Lot Size
6,497
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
85
APN
2355-006-025

The source for these homes facts are from public records.

91607 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,250,000
Median List Price/Sq.Ft.
$659
Median Sold Price
$1,407,000
Median Sold Price/Sq.Ft.
$769
Total Inventory
53
Median Sale to List Price %
104.22%
Avg Days on Market
20
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (23.53%), Other (23.53%)

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Related Resources to 11840 Magnolia Blvd

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.