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Century 21 Realty Masters
11689 Chandler, Valley Village, CA 91601
- $2,300,000
- List Price
- $2,300,000
- Status
- ACTIVE
- MLS#
- BB26229738
- Year Built
- 1953
- Lot Size
- 6,513
- Acres
- 0.15
- Lot Location
- Landscaped, Level, Street Level
- Days on Market
- 0
- Property Type
- Multifamily
- Style
- Modern
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
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 filled within one month. Combining extensive renovations, strong in-place cash flow, and a prime North Hollywood location, 11689 Chandler presents an outstanding turnkey investment with long-term upside.
Additional Information
- Appliances
- Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Dryer, Washer
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Neighborhood
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Open Floorplan, Recessed Lighting
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $189,420
- Operating Expense
- 44253
Listing courtesy of Listing Agent: Cheyenne Womack (cheyenne@myunits.com) from Listing Office: Myunits.com Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.