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Magnolia Nineteen 11700 W Magnolia Blvd 19 Unit Apartment Building $12,004,912 CAD ($631,837 CAD/Unit) 6.09% Cap Rate Valley Village, CA 91607
INVESTMENT HIGHLIGHTS
- A RARE OFFERING - Magnolia Nineteen, is one of only seven 5+ unit multifamily assets built in the Valley Village submarket in the last 10 years.
- BEST OF BOTH WORLDS LOCATION - The Property is less than 1-mile from the NoHo Arts District while also only steps from Studio City & Toluca Lake.
- A HIGHLY UNIQUE ASSET - Designed by the AIA 2022 Gold Medal Winner, and internationally renowned architecture firm Brooks + Scarpa
- EXCELLENT ACCESSIBILITY - Easy access to the 170, 101, 134, and 5 freeways put residents within a 30-minute commute of 2.7 million jobs
EXECUTIVE SUMMARY
PRICED TO SELL NOW –SIGNIFICANT REDUCTION | $8,600,000 | 6.09% CAP RATE
Marcus & Millichap is pleased to announce it has been retained as the exclusive listing agent for the sale of Magnolia Nineteen, a newly constructed apartment building with 19 large lofts (ranging from 833-1,287 SF) and 1,573 SF of occupied retail space in the desirable Valley Village neighborhood of the San Fernando Valley of Los Angeles, CA.
The exquisitely designed luxury homes feature a mix of lofts and 2-story lofts with high ceilings, large floor to ceiling windows, and luxury appointments that match the demand preferences of the most discerning renter. In the common areas, the Property features a plethora of outdoor courtyard and meeting spaces that include unique touches such as fireplaces, rooftop deck with barbecue, al fresco dining space, and upper sun deck.
Magnolia Nineteen’s unique location, at the intersection of Magnolia Boulevard and Colfax Avenue, offers a residential vibe akin to single family homes in Valley Village, Studio City (0.75 miles south), and Toluca Lake (1.5 miles southeast), while being within a mile of the heart of the NoHo Arts District and its thousands of jobs and popular entertainment, nightlife, and dining along Lankershim Boulevard. In conjunction with easy access to the 170, 101, 134, and 5 freeways, residents can access 2.7 million jobs within a 30-minute commute.
Marcus & Millichap is pleased to announce it has been retained as the exclusive listing agent for the sale of Magnolia Nineteen, a newly constructed apartment building with 19 large lofts (ranging from 833-1,287 SF) and 1,573 SF of occupied retail space in the desirable Valley Village neighborhood of the San Fernando Valley of Los Angeles, CA.
The exquisitely designed luxury homes feature a mix of lofts and 2-story lofts with high ceilings, large floor to ceiling windows, and luxury appointments that match the demand preferences of the most discerning renter. In the common areas, the Property features a plethora of outdoor courtyard and meeting spaces that include unique touches such as fireplaces, rooftop deck with barbecue, al fresco dining space, and upper sun deck.
Magnolia Nineteen’s unique location, at the intersection of Magnolia Boulevard and Colfax Avenue, offers a residential vibe akin to single family homes in Valley Village, Studio City (0.75 miles south), and Toluca Lake (1.5 miles southeast), while being within a mile of the heart of the NoHo Arts District and its thousands of jobs and popular entertainment, nightlife, and dining along Lankershim Boulevard. In conjunction with easy access to the 170, 101, 134, and 5 freeways, residents can access 2.7 million jobs within a 30-minute commute.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $12,004,912 CAD | Building Class | A |
| Price Per Unit | $631,837 CAD | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 21,422 SF |
| Cap Rate | 6.09% | Average Occupancy | 100% |
| No. Units | 19 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Parking Ratio | 1.45/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAC2 - General Commercial | ||
| Price | $12,004,912 CAD |
| Price Per Unit | $631,837 CAD |
| Sale Type | Investment |
| Cap Rate | 6.09% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 0.37 AC |
| Building Size | 21,422 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2021 |
| Parking Ratio | 1.45/1,000 SF |
| Zoning | LAC2 - General Commercial |
AMENITIES
UNIT AMENITIES
- Balcony
- Stainless Steel Appliances
- Walk-In Closets
- Patio
- Floor to Ceiling Windows
SITE AMENITIES
- Courtyard
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 11 | - | 833 - 1,060 |
| 1+1.5 | 7 | - | 1,092 - 1,191 |
| 2+1.5 | 1 | - | 1,200 |
1 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 2355-005-066 | Improvements Assessment | $7,331,268 CAD |
| Land Assessment | $4,112,855 CAD | Total Assessment | $11,444,124 CAD |
PROPERTY TAXES
Parcel Number
2355-005-066
Land Assessment
$4,112,855 CAD
Improvements Assessment
$7,331,268 CAD
Total Assessment
$11,444,124 CAD
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Magnolia Nineteen | 11700 W Magnolia Blvd
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