11689 Chandler Boulevard, North Hollywood, CA 91601

Property Description

We are pleased to present 11689 Chandler Blvd, a 6-unit apartment building located in North Hollywood, CA, steps away from Valley Village. Built in 1953, the property boasts six (6) two bedroom- one bathroom units, perfectly fit for tenants who prefer to work from home, roommates, or even small families. The building is 5,178 square feet and sits on a 6,511 square foot lot. In the back of the property there are carports totaling six parking spots, along with a laundry room. The laundry room presents a prime opportunity for an ADU conversion, adding to the unique upside potential (Buyer to verify). The subject property is located in an incredibly convenient area of the San Fernando Valley. The location provides easy walkability to the North Hollywood Metro Station, many places of worship, and the new NoHo West mixed-use development, which features a Trader Joe's, Nordstrom Rack, Regal Cinema, LA Fitness, and several other shops and restaurants. With close proximity to the 101 and 170 freeways, 11689 Chandler Blvd, can also offer residents connectivity to the rest of Los Angeles. 11689 Chandler Blvd represents a unique value-add opportunity for investors due to the property's location, immense upside, and possibility for ADUs. The apartment is priced at $208,333 per unit, and $241.41 per square foot in one of the most development dense and fastest growing pockets of Los Angeles.