Active

11860 Chandler Blvd BLVD

VALLEY VILLAGE CA, 91607

$5,495,000


$249.84 per sqft

Active

6 Beds

5 Baths

21,994 sqft

Multi-family

Built in 1960

NEW PRICE! Introducing a compelling investment opportunity in the highly sought after rental community of Valley Village: A 24-unit multi-family complex that exemplifies both quality and potential. The subject property boasts large living spaces with an average unit size of 915 square feet, for a total rentable square footage of 21,994 square feet, on a 25,500 square foot lot. The diverse unit mix includes one 2-Bedroom/2-Bathroom unit with a Den, four 2-Bedroom/1-Bathroom units, one 1-Bedroom/1-Bathroom unit with a Den, and eighteen 1-Bedroom/1-Bathroom units. Each apartment is individually metered for electricity and gas, facilitating easier utility management and cost distribution. Significant capital investments have been made to enhance the property's value and tenant experience. Recent improvements include; a newer roof with an additional layer of sealant applied in 2021, a resealed driveway, a modern solar hot water heating system, new electric sub panels installed in 2023, completion of soft story retrofitting in 2017, a replastered pool in 2010, and a new security entry system installed in 2020. Additionally, the property features copper plumbing throughout, ensuring durability and reduced maintenance concerns. Amenities such as an onsite laundry facility and gated private entry add to the property s appeal, increasing desirability among prospective tenants. With a current 11.43 Gross Rent Multiplier and a 5.44% CAP rate, along with a potential 27% upside in rental income, this investment stands out in the market for its income-generating potential and strategic enhancements.

CV24227936MR

MLS ID

November 4, 2024

Listed

December 5, 2024

Updated

Map

11860 Chandler Blvd BLVD
VALLEY VILLAGE CA, 91607

Interior Features

Total Stories

2


Bedrooms

6


Total Bathrooms

5


Laundry Description

Laundry Area


Fireplace

No


Fireplace Description

None


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.59 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Valley Village


Days on Market

19


Garage

No


Parking

Carport


Parking Total

24


View

No


County

Los Angeles


Water Source

Public


Pool

Yes


Pool Features

Fenced, Private


Zoning

LAR3

Listed by Kristopher German with RE/MAX 2000 REALTY
Listing Contact: 626-427-0786 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Beachrock Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 12/5/2024

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