11860 Chandler Boulevard
$5,750,000
6
25
21,994
21,994
$261
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...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.
- Listed by Kristopher German • DRE #01800021 • Brokerage DRE #01264629 • RE/MAX 2000 REALTY • 909-645-0443
Property Details for 11860 Chandler Boulevard
Parking Spaces Total
24
Private PoolYes
Total Units24.0
Building TypeAttached
Lot Size SourceAssessor
Living Area21994
Assessor Parcel Number2348-012-034
Property Attached YNtrue
LISTING UPDATED: 11/06/2024 09:05 AM
Property Details for 11860 Chandler Boulevard
Status | Active |
---|---|
MLS # | CV24227936 |
Days on Market | 15 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1960 |
County | Los Angeles County |
Building Information for 11860 Chandler Boulevard
Building/Complex11860 Chandler BlvdFloor-Stories2Residences-Pet Policy-Year Built1960Building Size-
Property Information for 11860 Chandler Boulevard
Property History for 11860 Chandler Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 11860 Chandler Boulevard
Taxable ValueLand$2,613,402Additions$1,742,263Total$4,355,665
Tax Record2024$55,702 ($4,642 / month)
Home Facts
Total Finished SqFt21,994 SqFtAbove Grade Finished SqFt21,994 SqFtLot Size25,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningLAR3CountyLOS ANGELESAPN2348-012-034
Schools near 11860 Chandler Boulevard
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Burbank Boulevard Elementary School PublicK to 5 | ||
Walter Reed Middle School Public6 to 8 | ||
North Hollywood Senior High School Public9 to 12 | ||
Amelia Earhart Continuation School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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