$3,040,000
$3,195,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Roderick 'Rick' Raymundo • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States