Renovated 6-Unit Apartment
New
For Sale
$2,300,000
11689 Chandler, Valley Village, CA 91601
The six residences are leased and feature central HVAC and in-unit laundry.
Property Size5,184 SF
Days on Market4
Property Features for 11689 Chandler
General Information
Standard status
Active
Size
5,184 SF
Total Parking Spaces
6
Property subtype
Quadruplex
Occupancy
100%
Financials
Asking Price
$2,300,000
Cap Rate
6.11%
Gross Income
$189,420
Units
Unit Mix
6 x 2BR
Multifamily Units
6
Additional Details
Tenant in Place
Yes
Amenities
stainless steel appliances
central HVAC
in-unit laundry
Building Details
Building Size
5,184 SF
Year Built
1953
Tenancy
Multi
Listing Agency:
Myunits.com Inc.
Listed By:
Cheyenne Womack · License #02064825
(805) 973-7470
Source:
Archetyperealty
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 6:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Myunits.com Inc.
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Investment Insights
Based on property information with market context.
This 6-unit apartment property was built in 1953 and has undergone renovations to its six 2-bedroom residences, which range from 837 to 888 SF. Interior features include updated kitchens and bathrooms, stainless steel appliances, central HVAC, and in-unit laundry. Building improvements include replaced plumbing and sewer lines, upgraded electrical systems and panels, and exterior work.
All six residences are currently leased. The property also has six carport parking spaces, which may offer potential for additional ADU development, subject to buyer verification. The stated cap rate is 6.11%.
All six residences are currently leased. The property also has six carport parking spaces, which may offer potential for additional ADU development, subject to buyer verification. The stated cap rate is 6.11%.
Key Highlights
- Six 2‑bedroom residences, each ranging from 837 to 888 SF
- Six carport parking spaces
- Renovations include updated kitchens and bathrooms, stainless steel appliances, central HVAC, and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,415
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,668,300
$1.7M
Cap Rate 7%
$1,191,643
$1.2M
Cap Rate 9%
$926,833
$926.8K
Market Conditions
NOI Build-Up for 5,184 SF
Gross rent
$164.9K $31.80/SF
− Vacancy
−$13.2K −$2.54/SF
EGI
$151.7K $29.26/SF
− OpEx
−$68.2K −$13.17/SF
NOI
$83.4K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,668,300
Cap Rate 7%
$1,191,643
Cap Rate 9%
$926,833
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,415 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,285 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,707
Businesses Nearby
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Business Placement
Demographics for 91601, CA
39,429
Population
20,539
Households
1.9
Avg Household Size
35
Median Age
51%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
15,165
Density / Sq Mi
$77,540
Median Household Income
$48,907
Median Earnings
$2,115
Median Rent
$961,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The six residences are leased and feature central HVAC and in-unit laundry.
Where is this apartment building located?
The property is located at 11689 Chandler Valley Village, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Six 2‑bedroom residences, each ranging from 837 to 888 SF; Six carport parking spaces; Renovations include updated kitchens and bathrooms, stainless steel appliances, central HVAC, and in‑unit laundry
