12401 Chandler Blvd, Valley Village, CA 91607
- $3,825,000
- 18
- BD
- 18
- BA
- 8,957
- SqFt
- Sold Price
- $3,825,000
- List Price
- $4,000,000
- Closing Date
- Dec 09, 2022
- MLS#
- 22-180057
- Status
- SOLD
- Type
- Multifamily
- Bedrooms
- 18
- Bathrooms
- 18
- Living Area
- 8,957
Property Description
This pride of ownership, 10-unit apartment building in the upscale Valley Village neighborhood of the San Fernando Valley, is on Chandler Boulevard between Whitsett Avenue and Laurel Canyon Boulevard. (AKA 5401 Rhodes Ave). This property, built in 1985, features an excellent unit mix of one (1) 1+1, and nine (9) 2+2 units. The building was extensively renovated in 2021 to include a complete roof replacement, all new air conditioning units, new lobby and hallways, and landscaping. Two of the units have also been extensively renovated. This investment currently allows an owner to increase rents up to 10 per year (AB 1482). With the rental upside in rents at over 35%, a new owner should achieve market rents at a rapid pace. (Market Cap of 5.88%).
Additional Information
- Year Built
- 1985
- Garage
- Gated Underground
Mortgage Calculator
Courtesy of David Ballin Kaufman, David Kaufman. Selling Office: .
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