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12264 Chandler Blvd, Valley Village, CA 91607
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12264 Chandler Blvd Valley Village, CA 91607

$2,495,000
  • 9 Beds
  • 9 Baths
  • 6,442 Sq.Ft.
For Sale
$2,495,000 Get Pre-Qualified
Map preview of 12264 Chandler Blvd, Valley Village, CA 91607

Property Overview: 12264 Chandler Blvd Valley Village, CA has 9 bedrooms, 9 bathrooms, 6,442 living square feet and 7,397 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: The largest RSO 4 Unit on the market, 12264 Chandler boasts a Gross Rentable Area of 6,442sf and is being offered on the market for the first time by the owner/operator. PRIME Valley Village location, in a peaceful neighborhood right off Chandler and the Metro Orange G-Line, a quiet, energy-efficient bus terminal that runs East/West from Chatsworth and Canoga Park to North Hollywood. Asset holds an unbeatable unit mix of 3 large (2+2) units and a sizable 3+3 Owner's unit (to be delivered vacant). Owner's Unit has dedicated dining space, 3 full baths, a screened-in patio, office space, and is an extremely roomy 2,500sf. The remaining 2+2 units are spacious as well, each with roughly 1,200sf of rentable space. 9 parking spaces, 5 covered. Valley Village is one of the more coveted neighborhoods in the San Fernando Valley, with strong tenant demographics and competitive rental rates which are still on the rise. Developmental improvements are starting to spot the nearby area given the neighborhood's Transit Oriented Community (TOC) status. TOC's are designated areas in close proximity to a major transportation hub. The distance to which any given building is to a major hub is represented by 4 Tiers, each tier having its own incentives and provisions laid out by the city, Tier 4 being the most favorable. 12264 Chandler lies in a Tier 3 TOC neighborhood that brings its own bonus density and eased parking restriction incentives. There is a potential for the new owner to eventually build 17 new units on the lot. Buyer to verify all developmental aspects, and all other information. 25% Rental Upside remaining among current rents.

Listed by Chase Simonton | BRE #01766871 | RE/MAX One
Last checked: 2 minutes ago | Last updated: January 3rd, 2023 | Source CRMLS | DOM: 448
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Home details

Lot Sq. Ft
7,397
HOA Dues
$0/mo
Year built
1974
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
22201905
City
Valley Village
County
Los Angeles
Time on Site
578 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,650
  • Total Rent: $43,800
  • Pro Forma/Market Rent: $3,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $31,200
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,425
  • Total Rent: $29,100
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $22,800
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.24%
  • Gross Rent Multiplier: 19.6
  • Gross Scheduled Income: --
  • Net Operating Income: $80,880
  • Gross Operating Income: $123,093
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 12264 Chandler Blvd

Interior Features
Heating Information
  • Has Heating
  • Central
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 2347025001
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: West from Laurel Canyon Blvd and the 170. East of Whitsett Ave. North of 101. Southside on Chandler Blvd (eastbound).
View more facts & features

Local Valley Village Agent

Sale History for 12264 Chandler Blvd

Last sold on December 29th, 1998

  • November, 2023

  • Nov 17, 2023

    Date

    Canceled

    CRMLS: 23271625

    $2,100,000

    Price

  • May 18, 2023

    Date

    Active

    CRMLS: 23271625

    $2,100,000

    Price

  • Listing provided courtesy of CRMLS

    With 6,442 rentable square feet, the property features extremely spacious floorplans as the two-bedroom apartments average approximately 1,200 square feet each. The three-bedroom owner's unit, spanning approximately 2,500 square feet, may be delivered vacant at the close of escrow. Most unit interiors have been remodeled with new laminate wood flooring, new granite countertops, new stainless steel appliances, and remodeled bathrooms. The building also features copper plumbing, a new roof, central air/heat for all units, and a new water heater. There may be an opportunity for an owner to redevelop the property in the future, as the 7,397 square foot lot is zoned LAR3 and features the additional benefit of being located in a Tier 3 TOC zone. It may be possible to construct 17 new units on the lot (Buyer to verify), allowing for multiple possible exit strategies with the investment. Situated along Chandler Boulevard, one of the more prestigious streets in the San Fernando Valley, the property offers excellent visibility as well as convenient access to area amenities. The North Hollywood Metro Station, a hub connecting both the Metro Red Line and the Orange Bus Line, is only 1.4 miles east of the building. This is also the site of a proposed $1 billion mixed-use development containing approximately 22 million square feet of retail, restaurant, office, and residential space. The new NoHo West mixed-use development, featuring a Trader Joe's, Nordstrom Rack, Regal Cinema, LA Fitness, and several other shops and restaurants along with a 644-unit multifamily development is just 1.5 miles from the property. Tenants can venture to the NoHo Arts District, Westfield Fashion Square, or world famous Ventura Boulevard, which are each within convenient driving distance.

  • September, 2022

  • Sep 23, 2022

    Date

    Canceled

    CRMLS: 22189065

    $2,700,000

    Price

  • Aug 10, 2022

    Date

    Active

    CRMLS: 22189065

    $2,700,000

    Price

  • Listing provided courtesy of CRMLS

  • September, 2022

  • Sep 22, 2022

    Date

    Active

    CRMLS: 22201905

    $2,495,000

    Price

  • December, 1998

  • Dec 29, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 1994

  • Jul 19, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 12264 Chandler Blvd

Assessed Value (2020): $277,189
Year Land Value Improved Value Assessed Value
2020 $67,510 $209,679 $277,189

Home Value Compared to the Market

This property vs the competition

12264 Chandler Blvd is listed 46.85% higher than the median list price for the city of Valley Village which has a median list price of $1,699,000. The median price per/sqft for Valley Village is $744 and this home is listed at $387.3 per/sqft which puts the price per square foot 47.94% lower than the median price per square foot for the city of Valley Village.

About 12264 Chandler Blvd

Detailed summary of property

12264 Chandler Blvd is a multi family located in Valley Village, CA 91607 and is currently for sale. This multi family property offers 9 bedrooms, 9 bathrooms, roughly 6,442 living square feet, and sits on an approximately 7,397 square foot lot. 12264 Chandler Blvd was first listed on ArdentRealEstateGroup.com on September 26, 2022. The homeowner is currently asking $2,495,000. The median priced home in Valley Village is $1,699,000 with a median price per square foot of $744. Based on Ardent Real Estate Group's Valley Village Market Data, this home is listed 46.85% higher than the median priced home. Local competing homes currently for sale include 6040 Graciosa Dr, 454 N Genesee Ave and 126 S Kings Rd. While the average home in Valley Village, CA is selling in 70 days, 12264 Chandler Blvd has a days on market of 448 days. There are currently 43 homes for sale in the Valley Village real estate market and 31 of them are single family homes while 9 of them are condos and 3 are townhomes. For more information on this home for sale at 12264 Chandler Blvd Valley Village, CA 91607 contact Ardent Real Estate Group and we will put you in touch with one of our Valley Village agents.

Public Facts for 12264 Chandler Blvd

Public county record property details
Beds
9
Baths
9
Year built
1974
Sq. Ft.
6,442
Lot Size
7,396
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
2347-025-001

The source for these homes facts are from public records.

91607 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,650,000
Median List Price/Sq.Ft.
$671
Median Sold Price
$1,425,000
Median Sold Price/Sq.Ft.
$735
Total Inventory
43
Median Sale to List Price %
99.03%
Avg Days on Market
44
Loan Type
Conventional (12.5%), FHA (0%), VA (6.25%), Cash (6.25%), Other (25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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