Sold

12015 Kling Street

Valley Village CA, 91607

$7,750,000


$323.28 per sqft

Sold

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

February 16, 2024

Updated

Map

12015 Kling Street
Valley Village CA, 91607

Interior Features

Total Stories

2


Bedrooms

40 Beds


Bathrooms

40 Baths


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


Buyer Agency Compensation

1.5%

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 2/16/2024, 4:08 AM 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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