Sold

12207 CHANDLER

Valley Village CA, 91607

$3,040,000


$365.03 per sqft

Sold

12 Beds

8,328 sqft

Residential

Built in 1979

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.

18323348

MLS ID

February 16, 2024

Updated

Map

12207 CHANDLER
Valley Village CA, 91607

Interior Features

Total Stories

2


Bedrooms

12


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.16 Acres

Other Property Details

Area Name

VVL - Valley Village


Days on Market

158


Garage

No


Parking

Underground


Parking Total

16


View

No


County

Los Angeles


Pool

No


Zoning

LAR3

Listed by Roderick 'Rick' Raymundo, Marcus & Millichap, CA DRE 01357019

Listing Contact: 213-943-1855 

Based on information from the CRISNet MLS as of 2/16/2024, 3:44 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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