11860 Chandler Blvd Boulevard

Valley Village, CA 91607

  • 0 Bed(s)
  • 0 Bath(s)
  • 21,994 Sqft
  • 25508
    Sqft(Lot)
$5,750,000

Description

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 11.96 gross rent multiplier and a 5.15% 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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47571330

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: None

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1960
    • Building Area Total: 21,994
    • Construction: Copper Plumbing

    Pool Features

    • Fenced,Private

    Laundry Features

    • Common Area

    Fencing

    • Security

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.5856
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 25508

  • Listing Price Information

    • Original List Price: 5,750,000
    • Listing Contract Date: 2024-11-04

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2348012034

  • Garage and Parking

    • Garage Description: Carport

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: VVL - Valley Village
    • Directions: West of Colfax Ave. West of 170 Fwy. North of Magnolia Blvd
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: VVL - Valley Village
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 64
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Ground Level
    • Property Attached: Yes
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BuyOwner last updated this listing 11/16/2024 @ 20:54

  • MLS: CV24227936
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 21,994 sqft, 25,508 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Valley Village , in zip code 91607, this Los Angeles County Home are nearby neighborhoods.