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12401 Chandler Blvd, Valley Village, CA 91607
$3,825,000
12401 Chandler Blvd, Valley Village, CA 91607View this property at 12401 Chandler Blvd, Valley Village, CA 91607
12401 Chandler BlvdValley VillageCA91607
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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%).
Full Property Details
Full Property Details for 12401 Chandler Blvd
General
- Sold For: $3,825,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 22-180057
- Added to Site: 648 day(s) ago
Rooms
Bedrooms
- Total Bedrooms: 18
Other Rooms
- Laundry: Room
Additional Information
- Other Features: None
Exterior
- Deck/Patio: Balcony
Parking
- Garage Description: Gated Underground
Location
- Area: Valley Village
- County: Los Angeles
- Cross Streets: Chandler Blvd & Rhodes Ave
- Driving Directions: East of Whitsett Ave and West of Rhodes Ave, North of Magnolia and South of Burbank.
Heating & Cooling
- Cooling Type: Central
- Heating Type: Central
Structural Information
- # Buildings: 1
- Roof: Flat
- Entry Location: Ground Level - no steps
- Stories/Levels: 2
- Square Feet: 8,957
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1985
- Year Built Source: Vendor Enhanced
- Property Condition: Updated/Remodeled
- Other Struct. Feat.: Balcony, Full Copper Plumbing
Unit Information
- Units in Complex: 10
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 2
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.162
- Lot Size: 7058
- Lot Size Source: Vendor Enhanced
- Lot Dimensions: 51 x 140
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $446.58
- Assessment Year: 1985
- Owner Pays: Water
- Tenant Pays: Gas, Electricity
Disclosures and Reports
- Disclosures/Reports: Owner Is Listing Agent
- APN: 2347-004-010
Listed by David Ballin Kaufman, David Kaufman
Sold by RE/MAX Estate Properties, Victoria Babilonia
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Schools
Schools serving 12401 Chandler Blvd
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
12215 Albers St, N Hollywood, CA 91607 | K-5 | 0.3 mi | |
4525 Irvine Ave, N Hollywood, CA 91602 | 6-8 | 1.5 mi | |
5231 Colfax Ave, N Hollywood, CA 91601 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12401 Chandler Blvd
Date
Details
Price
Change
Source
12/09/2022
Sold
$3,825,000
-4.38%
MLS
10/12/2022
Price Reduced
$4,000,000
-9.09%
MLS
7/18/2022
Listed
$4,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
12401 Chandler Blvd, Valley Village, CA 91607 (MLS# 22-180057) is a Multi-Family property that was sold at $3,825,000 on December 09, 2022. Want to learn more about 12401 Chandler Blvd? Do you have questions about finding other Multi-Family real estate for sale in Valley Village? You can browse all Valley Village real estate or contact a Coldwell Banker agent to request more information.