Valley Village, CA 91607,12207 CHANDLER

$3,040,000

$3,195,000

4.9%
Est.Price: ?

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Est. payment /mo

12 Beds

12 Baths

8,328 SqFt


SOLD DATE : 08/21/2018

Key Details

Sold Price $3,040,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 8,328 sqft

Price per Sqft $365

MLS Listing ID 18323348

Sold Date 08/21/18

Bedrooms 12

HOA Y/N No

Year Built 1979

Lot Size 7,074 Sqft

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.

Location

State CA

County Los Angeles

Area Vvl - Valley Village

Zoning LAR3

Interior

Heating Central

Fireplace No

Exterior

Garage Underground

Total Parking Spaces 16

Building

Story 2

New Construction No

Others

Senior Community No

Tax ID 2347014011

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Roderick 'Rick' Raymundo • Marcus & Millichap
Bought with Roderick 'Rick' Raymundo • Marcus & Millichap
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