Sold
Closed
12310 Chandler Boulevard
Valley Village CA, 91607
$8,750,000
$236.24 per sqft
Sold
Closed
56 Beds
41 Baths
37,038 sqft
Residential
Built in 1957
Listed by Roderick 'Rick' Raymundo with Marcus & Millichap 213-943-1855
Various past density restrictions had limited large-scale developments in Valley Village, making 12310 Chandler Boulevard one of only 33 buildings to contain 41+ units out of the 484 multifamily properties in the city. These larger properties rarely come available on the open market, with only one other 40+ unit property transacting in the past five years. Available at an attractive $259 per square foot while similar properties have recently sold for an average of $372 per square foot, the property provides an outstanding opportunity for an astute investor to gain a sizable foothold in a desirable neighborhood while capitalizing on the approximate 49% upside in current rents. Additionally, the potential implementation of a RUBS program can boost future income substantially. Surrounding two separate well-landscaped courtyards with a sparkling pool, the building offers balconies or patios for most tenants, while ample on-site parking allows space for 48 vehicles. This parking area, along with the on-site laundry facilities, provide additional revenue streams to the owner. Located on the corner of Chandler Boulevard and Corteen Place, residents are walking distance to the Laurel Canyon Orange Line Bus Stop as well as numerous restaurants and retail stores on Laurel Canyon Boulevard. Adjacent neighborhoods include Studio City, Sherman Oaks, Toluca Lake, the NoHo Arts District, and Burbank. With easy access to the 170, 101, and 134 Freeways, plenty of employment and entertainment opportunities in the neighboring cities are a short drive away.
23281461
MLSⓇ ID
June 16, 2023
Listed
October 1, 2024
Updated
Map
12310 Chandler Boulevard
Valley Village CA, 91607
Interior Features
Total Stories
2
Bedrooms
56
Total Bathrooms
41
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.27 Acres
Other Property Details
Area Name
VVL - Valley Village
Days on Market
154
Garage
No
Parking
Assigned
Parking Total
48
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Listing History
Date | Event | Price |
---|---|---|
12/5/2023 | Price change | $8,750,000 -3% |
12/5/2023 | Sold | $8,750,000 |
12/5/2023 | Under contract | — |
7/27/2023 | Price change | $8,995,000 -7% |
Listing Contact: 818-212-2700
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/1/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/1/2024 at 9:51 PM UTC