$5,750,000
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11860 Chandler Blvd Boulevard Valley Village, CA 91607
Apartment
Residence
Beds
Baths
21,994
Sq. Ft.
0.59
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 rentabl...e 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 add to the property’s appeal, increasing desirability among prospective tenants. With a current 11.96 Gross Rent Multiplier and a 5.15% CAP rate, along with a potential 27% upside in rental income, this investment stands out in the market for its income-generating potential and strategic enhancements.
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MLS#
CV24227936
Property Type
Apartment
Status
Year Built
1960
Square Feet
21,994
sq. ft
Lot Size
0.59
Sewer
Public Sewer
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