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THE WATERMARQUE CONDOS 11925 Kling St 48 Unit Apartment Building $30,268,041 CAD ($630,584 CAD/Unit) 4.59% Cap Rate Valley Village, CA 91607
Investment Highlights
- Prime Valley Village Location: Situated in the highly desirable Valley Village submarket, known for strong residential demand.
- In-Unit Laundry: Each unit is equipped with a private washer and dryer, enhancing tenant appeal and supporting stronger occupancy and retention.
- Hot Spa Amenity: Relaxing hot spa offers a resort-style living experience, elevating the property’s appeal and promoting tenant retention.
- Fully Condominiumized 48-Unit Asset: Rare opportunity to acquire a large-scale condo community where all 48 units are individually parceled
- On-Site Fitness Center: Modern, fully equipped on-site gym enhances tenant lifestyle by providing convenient access to health and wellness amenities.
- Newer Construction with Premium Unit Mix: Built in 2012, the asset offers a modern, well-appointed residential product.
Executive Summary
The Azzi Group of Marcus & Millichap is pleased to present 11925 Kling St, a 48-unit luxury multifamily investment opportunity in Valley Village. Completed in 2012, the property is currently designated as condominiums with separate APNs, offering flexible exit strategies, including potential individual unit sales. The asset provides a modern, well-appointed residential offering with strong in-place income and long-term stability. Featuring in-unit laundry, a fitness center, and spa amenities, the property is ideally located near major transit, employment hubs, and lifestyle amenities throughout the San Fernando Valley.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
| Price | $30,268,041 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $630,584 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.67 AC |
| Cap Rate | 4.59% | Building Size | 52,393 SF |
| Gross Rent Multiplier | 12.66 | Average Occupancy | 92% |
| No. Units | 48 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2012 |
| Property Subtype | Apartment | Parking Ratio | 0.99/1,000 SF |
| Zoning | LAR3 | ||
| Price | $30,268,041 CAD |
| Price Per Unit | $630,584 CAD |
| Sale Type | Investment |
| Cap Rate | 4.59% |
| Gross Rent Multiplier | 12.66 |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.67 AC |
| Building Size | 52,393 SF |
| Average Occupancy | 92% |
| No. Stories | 4 |
| Year Built | 2012 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 48 | - | 1,050 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
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Videos
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Photos
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Street
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THE WATERMARQUE CONDOS | 11925 Kling St
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