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$4,995,000
$5,495,000 9.1%
Est. payment /mo
0.59 Acres Lot
Sold on 03/11/2025
11860 Chandler Blvd BLD Valley Village, CA 91607
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Key Details
Sold Price $4,995,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRCV24227936
Sold Date 03/11/25
Originating Board California Regional MLS
Year Built 1960
Lot Size 0.586 Acres
Property Description
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 ga
Location
State CA
County Los Angeles
Area Vvl - Valley Village
Interior
Laundry Laundry Area
Exterior
Parking Features Carport
Garage Spaces 24.0
Pool Pool - Yes, Pool - Fenced
Building
Water District - Public
Others
Tax ID 2348012034
Special Listing Condition Not Applicable
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Listed by Kristopher German • RE/MAX 2000 REALTY
Bought with Charles Henderson
Bought with Charles Henderson