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Listed by Cheyenne N. Womack • Myunits.com Inc.
$2,300,000
Est. payment /mo
5,184 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,184 sqft
Price per Sqft $443
MLS Listing ID BB-26229738
Style Modern
Year Built 1953
Lot Size 6,513 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
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.
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.
Location
State CA
County Los Angeles
Area Vvl - Valley Village
Interior
Interior Features Open Floorplan, Recessed Lighting
Heating Central
Flooring Tile, Vinyl
Laundry Dryer Included, Inside, Washer Included
Exterior
Pool None
Community Features Dog Park, Sidewalks, Street Lights
View Y/N Yes
Building
Lot Description Landscaped, Level, Level with Street
Sewer Public Sewer
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Nearby Locations
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900