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$ 8,450,000
Est. payment /mo
Active
12325 Chandler BLVD Valley Village, CA 91607
43 Beds
42 Baths
34,713 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 34,713 sqft
Price per Sqft $243
MLS Listing ID 26662269
Bedrooms 43
HOA Y/N No
Year Built 1970
Lot Size 0.437 Acres
Property Description
Sitting on a large corner lot along one of the San Fernando Valley's major thoroughfares, the property offers investors both strong immediate cash flow and a blueprint to substantially improve profits. Available at an attractive 5.78% CAP Rate and 10.30 GRM, the building currently includes a RUBS program that only collects from approximately half of the units. Over time, this program could be expanded and, along with organic rent increases, could provide for dramatically increased revenue. All seismic retrofit repairs have already been completed by the current owner (Buyer to verify), saving a new owner from an otherwise costly expense. A new roof and new exterior paint have been added in recent years, while approximately half of the apartments have been remodeled as well. The building features a new fitness center, a swimming pool, and a furnished lobby, while individual units contain fireplaces, balconies, and central air/heat. On-site laundry rooms on each floor generate significant additional income for the property. Situated on the corner of Chandler Boulevard and Corteen Place, the building offers tenants convenient access to the Orange Line Busway, and by extension, the Metro Red Line. The high-end shopping and dining options within the neighboring cities of Studio City, Sherman Oaks, Toluca Lake, and the NoHo Arts District are all easily accessible to residents, while destinations along famed Ventura Boulevard are less than three miles away. Commutes to the rest of the Los Angeles Metro area can be made via the nearby 101, 405, 134, and 170 Freeways.
Location
State CA
County Los Angeles
Area Vvl - Valley Village
Zoning LAR3
Interior
Cooling Central Air
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 39
Building
Story 4
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 2347008014
Special Listing Condition Standard
Listed by Roderick 'Rick' Raymundo Marcus & Millichap #01357019