12207 Chandler

    Valley Village, CA 91607
    • $3,040,000
    • STATUS: Closed
    • ON SITE: 241 days
    • ID#: 18323348
    Sold - 08/21/2018
    $3,040,000
    SOLD - 08/21/2018
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,328
      SQFT
    • $365
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    Description

    We are pleased to present 12207 Chandler Boulevard, a 10-unit non-rent control multifamily property in sought-after Valley Village within the San Fernando Valley. Constructed in 1979, the property is both exempt from Los Angeles rent control and is not on the Los Angeles Department of Building & Safety's soft story retrofit list, which significantly reduces a new investor's deferred maintenance costs. The building has been well-maintained, yet the opportunity still exists for a new owner to introduce interior upgrades that could help improve cash flow as rents move in line with similarly renovated units in the immediate area.Several property features help to limit the owner's expenses and attract new tenants, including the building's full copper plumbing, two tankless water heaters, central air/heat system, and separately metered utilities. Select units have fireplaces, long balconies, recessed lighting, wood flooring, and/or large walk-in closets.

    Sold by Roderick 'Rick' Raymundo of Marcus & Millichap.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T20:31:18.527. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/81576377

    12207 Chandler Valley Village, CA 91607

    • Price: $3,195,000
    • Status: Closed
    • Updated: 45 min ago
    • ID#: 18323348
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    8,328
    SQFT
    $365
    $/SQFT
    1979
    Built
    Neighborhood:
    VVL - Valley Village
    County:
    Los Angeles
    Area:
    VVL - Valley Village
    Property Description
    We are pleased to present 12207 Chandler Boulevard, a 10-unit non-rent control multifamily property in sought-after Valley Village within the San Fernando Valley. Constructed in 1979, the property is both exempt from Los Angeles rent control and is not on the Los Angeles Department of Building & Safety's soft story retrofit list, which significantly reduces a new investor's deferred maintenance costs. The building has been well-maintained, yet the opportunity still exists for a new owner to introduce interior upgrades that could help improve cash flow as rents move in line with similarly renovated units in the immediate area.Several property features help to limit the owner's expenses and attract new tenants, including the building's full copper plumbing, two tankless water heaters, central air/heat system, and separately metered utilities. Select units have fireplaces, long balconies, recessed lighting, wood flooring, and/or large walk-in closets.
    Exterior Features

    Lot Features Sprinklers None Lot Size Source Assessor Lot Size Units Square Feet Parking Features Subterranean Parking YN Yes

    Property Features

    Cap Rate 4.07 Gross Multiplier 15.90 Gross Operating Income 200940.00 Improvements Amount 796290 Land Value 490023 Net Operating Income 130181.00 Special Listing Conditions Standard Total Expenses 64803.00 Zoning Lar3

    Listing provided courtesy of Roderick 'Rick' Raymundo of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T20:31:18.527. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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    7101 Playa Vista Dr.
    Playa Vista CA, 90094