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