12264 Chandler Blvd

Valley Village, CA, 91607

$2,495,000

$387 per ft²
$2,495,000
$387 per ft²
Active
Active
 - For Sale
beds
9 Beds
baths
9 Baths
carpenters-square
6,442 ft²
property_type
Multi-family
calendar
Built 1974
The largest RSO 4 Unit on the market, 12264 Chandler boasts a Gross Rentable Area of 6,442sf and is being offered on the market for the first time by the owner/operator. PRIME Valley Village location, in a peaceful neighborhood right off Chandler and the Metro Orange G-Line, a quiet, energy-efficient bus terminal that runs East/West from Chatsworth and Canoga Park to North Hollywood. Asset holds an unbeatable unit mix of 3 large (2+2) units and a sizable 3+3 Owner's unit (to be delivered vacant). Owner's Unit has dedicated dining space, 3 full baths, a screened-in patio, office space, and is an extremely roomy 2,500sf. The remaining 2+2 units are spacious as well, each with roughly 1,200sf of rentable space. 9 parking spaces, 5 covered. Valley Village is one of the more coveted neighborhoods in the San Fernando Valley, with strong tenant demographics and competitive rental rates which are still on the rise. Developmental improvements are starting to spot the nearby area given the neighborhood's Transit Oriented Community (TOC) status. TOC's are designated areas in close proximity to a major transportation hub. The distance to which any given building is to a major hub is represented by 4 Tiers, each tier having its own incentives and provisions laid out by the city, Tier 4 being the most favorable. 12264 Chandler lies in a Tier 3 TOC neighborhood that brings its own bonus density and eased parking restriction incentives. There is a potential for the new owner to eventually build 17 new units on the lot. Buyer to verify all developmental aspects, and all other information. 25% Rental Upside remaining among current rents.
MLS® ID:
22-201905
Listed:
9/21/22
Updated:
12/6/22
Coldwell Banker Realty
Barry Dantagnan

Interior Features

Total Bedrooms
9
Total Bathrooms
9
Cooling
Air Conditioning
Heating
Central

Exterior/Building Features

Lot Size
7,397 ft² lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Covered Parking
Parking Total
9.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LAR3

Courtesy of RE/MAX One, Chase Simonton,
Listing Contact:  

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

Data last updated 12/6/22

Coldwell Banker Realty
Barry Dantagnan
Contact