11860 Chandler Boulevard

Valley Village, CA 91607

$5,750,000
Price
6
Beds
25
Baths
21,994 Sq. Ft.
$261 / Sq. Ft.
21,994
Sq. Ft.
$261
per Sq. Ft.

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.
  1. 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 Pool
Yes
Total Units
24.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
21994
Assessor Parcel Number
2348-012-034
Property Attached YN
true
LISTING UPDATED: 11/06/2024 09:05 AM

Property Details for 11860 Chandler Boulevard

StatusActive
MLS #CV24227936
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
CountyLos Angeles County

Building Information for 11860 Chandler Boulevard

Building/Complex11860 Chandler BlvdFloor-Stories2Residences-Pet Policy-Year Built1960Building Size-

Property Information for 11860 Chandler Boulevard

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $480,941
  • Gross Scheduled Income: $480,941
  • Vacancy Allowance: 14428
  • Gross Operating Income: $466,512
  • Net Operating Income: $295,935
  • Laundry Income: $2,580
  • Gross Multiplier: 11.96
  • Cap Rate: 5.15
Expense Details
  • Operating Expense: $170,578
  • New Taxes Expense: $68,965
  • Gardener Expense: $1,920
  • Fuel Expense: $5,078
  • Pool Expense: $2,680
  • Electric Expense: $0
  • Insurance Expense: $10,000
  • Professional Management Expense: $18,660
  • Trash Expense: $12,822
  • Water Sewer Expense: $19,852
  • Total Expenses: $170,578
Tax / Assessment Info
  • Tax Tract Number: 012
  • Tax Census Tract: 1251.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 034
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Interior Features: Copper Plumbing Full
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: None
  • Fireplace Rooms: None
Exterior Features
  • Entry Location: Ground Level
  • Fence: Yes
  • Fencing: Security
  • Pool Features: Private, Fenced
  • Pool Description: Fenced, Private
  • Pool: Private
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 24
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Carport
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,118
  • Unit Type Total Rent: $2,118
  • Unit Type Pro Forma: 2545
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $8,959
  • Unit Type Total Rent: $8,959
  • Unit Type Pro Forma: 9980
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,301
  • Unit Type Total Rent: $1,301
  • Unit Type Pro Forma: 2195
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 18
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $27,486
  • Unit Type Total Rent: $27,486
  • Unit Type Pro Forma: 35910
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 24
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 25
  • Number Of Separate Gas Meters: 25
  • Number Of Separate Water Meters: 1

Property History for 11860 Chandler Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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11860 Chandler Boulevard is a multi-family home for sale in Valley Village, CA 91607. This property was listed for sale on November 4, 2024 by RE/MAX 2000 REALTY, it's currently listed at $5,750,000. It has been on the market for a total of 15 days and was last sold on May 22, 2008. This listing's school district is Los Angeles Unified School District. Nearby schools include Burbank Boulevard Elementary School, Walter Reed Middle School and North Hollywood Senior High School. 11860 Chandler Boulevard is a 6-bed, 25-bath, 21,994 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX 2000 REALTY, Kristopher German, DRE #01800021

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.