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12207 Chandler
Valley Village, CA 91607


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Property Remarks

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 1978/1979, 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.

Property Details

MLS#
18323348
Days on Market
124
Year Built
1979
Stories
2
Building/Living Area (sq ft)
8,328
Source of SqFt
Public Records
Source of Lot Size
Public Records

Location

State
CA
County
Los Angeles
Area
Valley Village (VVL)

Presented By:

Listing provided courtesy of Roderick Rick" Raymundo , Marcus & Millichap


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Interior

Interior Features
Intercom

Additional Property Details

Number of Units
10
Parking Spaces
16
Number of Buildings
1
Gross Operating Income
$200,940
Total Expense
$64,803
ADA Compliance
No

AC/Cooling
Air Conditioning
Heating
Central Furnace
Parking
Underground

Valley Village

Originally part of North Hollywood, Valley Village is a small community with tree-lined streets and simple residential charm.

Real Estate: Valley Village has a wide variety of single-family homes for sale, including two-story homes with pools. Some larger estates are located in the area.  There are also many condo and townhouse units available for sale. Apartments are available along Riverside Drive including IMT Valley Village.

Community Life:  Streets are lined with mature magnolia, pine, oak, and elm trees.  Magnolia Boulevard and Laurel Canyon Boulevard are home to plenty of fun restaurants including the Steampunk Coffeebar. Valley Village is conveniently located near North Hollywood and Studio City. There are several local parks including Valley Village Park which is located across the freeway from the much larger North Hollywood Park. Valley Village is represented by the Neighborhood Council Valley Village, which connects Valley Village residents with city hall.

Education: Valley Village is served by the Los Angeles Unified School District including Burbank Boulevard Elementary, North Hollywood Senior High, and Amelia Earhart Continuation.  Local private schools include Oakwood Secondary, The Country School, and Beth Hillel Day.

Transportation: Valley Village is easily accessed by the 101 Freeway. It is served by the Laurel Canyon Orange Line Station and several Metro bus lines.

Local Attractions:  Valley Village is primarily a residential neighborhood. Most of the local attractions can be found in nearby areas including North Hollywood and Universal City.

Community Explorer

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