12401 Chandler Blvd

Valley Village, CA, 91607

$4,000,000

$446 per ft²
$4,000,000
$446 per ft²
Pending
Pending
 - For Sale
beds
18 Beds
baths
18 Baths
carpenters-square
8,957 ft²
property_type
Multi-family
calendar
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%).
MLS® ID:
22-180057
Listed:
7/17/22
Updated:
12/6/22
Coldwell Banker Realty
Barry Dantagnan

Interior Features

Total Bedrooms
18
Total Bathrooms
18
Laundry Description
Room
Cooling
Central
Heating
Central

Exterior/Building Features

Lot Size
7,058 ft² lot
Exterior Features
None
Roof
Flat

Other Property Details

Garage
No
Parking
Gated Underground
Parking Total
21.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LAR3

Property History

Date
Event
Price
Value
11/30/22
Pending
-
-
10/12/22
Price Change
$4,000,000
-9%

Courtesy of David Ballin Kaufman, David Kaufman,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Barry Dantagnan shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 12/6/22

Coldwell Banker Realty
Barry Dantagnan
Contact