Valley Village CA  home offered at $4,000,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

12401 Chandler Boulevard
Valley Village, California CA 91607-1600
Sold For: $3,825,000
Listing ID: 22180057
Price/SqFt: $446.58
Status: Closed
Sold Date: 12/09/2022
SqFt: 8,957 Sq Ft
Acres: 0.162 Acres
Year Built: 1985

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%).

Primary Features

County: Los Angeles
Price Reduction Date: 2022-10-12T19:51:03+00:00
Price/SqFt: 446.58
Property Type: Residential Income
Year Built: 1985
Zoning: LAR3

Interior

Appliances: yes
Appliances: Dishwasher, Disposal
Cooling: yes
Cooling Type: Central Air
Heating: yes
Heating Type: Central
Laundry: yes
Laundry Features: Individual Room
Stories Total: 2

External

Entry Location: Ground Level - no steps
Lot Size Area: 7058
Lot Size Dimensions: 51x140
Lot Size Square Feet: 7058
Number Of Buildings: 1
Parking Total: 21

Location

Country: US
MLS Area Major: VVL - Valley Village

Additional

Association: no
Days On Market: 117
List Agent State License: 01217537
List Office State License: 01217537
Lot Size Units: Square Feet
New Construction: no
Number Of Units Total: 10
Parcel Number: 2347004010
Property Condition: Updated/Remodeled
Senior Community: no

Financial

Gross Multiplier: 17.89
Gross Operating Income: 238550
Net Operating Income: 143782
Special Listing Conditions: Standard
Tenant Pays: Gas, Electricity
Total Expenses: 94768
Vacancy Allowance Rate: 1

Zoning Info


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Listed by: DavidKaufman, DRE #01217537 from David Ballin Kaufman

Contact - Listing ID 22180057

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

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