11925 Kling St - Apartments FOR SALE


Valley Village, CA 91607
$22,000,000 USD
11925 Kling St, Valley Village, CA for Sale
$22,000,000 USD
Apartments - FOR SALE
1/5
null | 4.59% Cap Rate

11925 Kling St
Valley Village, CA 91607


HIGHLIGHTS

  • Prime Valley Village Location: Situated in the highly desirable Valley Village submarket, known for strong residential demand.
  • Fully Condominiumized 48-Unit Asset: Rare opportunity to acquire a large-scale condo community where all 48 units are individually parceled
  • In-Unit Laundry: Each unit is equipped with a private washer and dryer, enhancing tenant appeal and supporting stronger occupancy and retention.
  • On-Site Fitness Center: Modern, fully equipped on-site gym enhances tenant lifestyle by providing convenient access to health and wellness amenities.
  • Hot Spa Amenity: Relaxing hot spa offers a resort-style living experience, elevating the property’s appeal and promoting tenant retention.
  • Newer Construction with Premium Unit Mix: Built in 2012, the asset offers a modern, well-appointed residential product.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$22,000,000 USD

PRICE/SF

$420 USD /SF

# OF UNITS

48

PRICE/UNIT

$458,333

CAP RATE

4.59%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

THE WATERMARQUE CONDOS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2012

PARKING SPACES

52

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,002 SF

ZONING

LAR3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Tony AzziMarcus & MillichapMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.