12015 Kling Street, Valley Village, CA 91607
Property
Sold December 2023
Listing Agent: David Saghian (DRE #01992252) · Listing Office: Kidder Mathews of California, Inc. · Contact: 858-369-3010 · Bought with: David Saghian · Kidder Mathews of California, Inc. · MLS #23313083 · Source: CRMLS
About this property
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!
Listing description from the December 2023 sale, as reported to CRMLS.
Sale history