12325 Chandler Boulevard, Valley Village, CA 91607

$8,450,000 Approx. USD 43 beds, 42 baths
34,713 sqft

Save My Notes

MORE INFO

Brochure

Photo of Jesse Hlubik

Marketed By Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007

Mortgage Calculator

GET PRE-APPROVED

Interested in This Property? Request Virtual Showing Your message will be sent to Jesse.
By submitting your information, you consent to be contacted by email, SMS message, and/or phone call. You may opt out at any time per our Privacy Policy.

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26662269

Price: $8,450,000

Beds: 43

Baths: 42

Built in 1970

34,713 sqft

0.44 acres

Lot size: 0.4371

County: Los Angeles