$ 5,750,000
11860 Chandler Blvd Boulevard Valley Village, CA 91607
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Listed by Kristopher German • RE/MAX 2000 REALTY
$ 5,750,000
Est. payment /mo
New
11860 Chandler Blvd Boulevard Valley Village, CA 91607
21,994 SqFt
UPDATED:
11/07/2024 08:54 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 21,994 sqft
Price per Sqft $261
MLS Listing ID CRCV24227936
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1960
Lot Size 0.586 Acres
Property 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 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 ad
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Exterior
Parking Type Other
Building
Water Public
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