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Listed by Cheyenne Womack, DRE #02064825 • Myunits.com Inc.
$ 2,300,000
Est. payment /mo
New
11689 Chandler Valley Village, CA 91601
6,513 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26229738
Style Contemporary
Year Built 1953
Lot Size 6,513 Sqft
Source California Regional MLS
Property Description
11689 Chandler Blvd is a beautifully renovated 6-unit multifamily property in the heart of North Hollywood, just minutes from the NoHo Arts District, major studios, popular dining, and entertainment. Offered at $2,300,000 with a strong 6.11% cap rate and approximately $189,420 in annual gross rental income, this fully leased, turnkey investment offers exceptional tenant retention, extensive capital improvements, and future ADU development potential. Each of the six spacious 2-bedroom residences (837-888 SF) has been completely remodeled with premium designer finishes, modern fixtures, updated kitchens and bathrooms, stainless steel appliances, central HVAC, and in-unit laundry. Renovated with long-term ownership in mind, the sellers went well beyond cosmetic improvements, replacing plumbing and sewer lines, upgrading electrical systems and panels, and completing significant exterior enhancements. The six existing carport spaces also offer potential for additional ADU development and future rental income (buyer to verify). Boasting exceptional tenant retention and historically minimal vacancy, the property experienced approximately two years with zero vacancy following initial lease-up, with five of the original six tenants still in place and the only subsequent vacancy fill
Location
State CA
County Los Angeles
Area Vvl - Valley Village
Rooms
Kitchen Dishwasher, Garbage Disposal, Microwave, Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Other, Washer, Dryer
Exterior
Garage Spaces 6.0
Pool None
View Local/Neighborhood
Building
Lot Description Grade - Level
Water District - Public
Architectural Style Contemporary
Others
Tax ID 2348001023
Special Listing Condition Not Applicable
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