11683 -11685 1/2 Chandler Boulevard, North Hollywood, California 91601, North Hollywood, 91601 - bed, bath

11683 -11685 1/2 Chandler Boulevard, North Hollywood, California 91601 home-pic-0
ACTIVE$1,558,000
11683 -11685 1/2 Chandler Boulevard, North Hollywood, California 91601
0Bed
0Bath
3,628Sqft
6,517Lot
Year Built
1948
Close
-
List price
$1.56M
Original List price
$1.56M
Price/Sqft
$429
HOA
-
Days on market
-
Sold On
-
MLS number
DW25033635
Home ConditionFair
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.56M(44th), sqft - 3628(56th), beds - undefined(50th), baths - undefined(50th).

We are pleased to represent our client in this four-unit investment property. Seize this exceptional opportunity to invest in this quadruplex, situated within minutes of the vibrant NOHO district. This unique offering includes three vacant units, presenting a significant potential for rental income growth and value enhancement for the discerning investor. The property exudes old-world charm and is nestled amidst lush landscaping. Enjoy proximity to an array of shopping, dining, and nightlife options, with parks, schools, and local transportation readily accessible. Commuters will appreciate easy access to the I-170 and I-134 freeways, Universal Studios is just minutes away, and the Metro Rail. The building features a spacious courtyard, convenient on-site laundry, and garaged parking. Each unit has been thoughtfully updated to blend modern updates with classic design elements. Highlights include new copper plumbing, freshly painted interiors, updated windows that brighten each space, and a mix of hardwood and tiled floors. One of the units boasts a large balcony, offering a perfect retreat for relaxation or entertainment. This property is a must-see for investors or buyers looking to capitalize on a move-in-ready asset with charm and character in a sought-after location.

Condition Rating
Fair

The property was built in 1948 but has been updated with new copper plumbing, fresh paint, updated windows, and a mix of hardwood and tiled floors. The bathrooms appear to be updated but not recently renovated. The kitchen is not shown in the images. Given the age and the description of 'modern updates with classic design elements,' it likely requires minor updates to bring it to current standards. The presence of window AC units also suggests an older system.
Pros & Cons

Pros

Income Potential: Three out of four units are vacant, offering immediate opportunity to increase rental income and property value.
Prime Location: Located minutes from the vibrant NOHO district, providing access to shopping, dining, nightlife, parks, and schools.
Updated Units: Units feature modern updates blended with classic design, including new copper plumbing, fresh paint, updated windows, and mixed hardwood/tile floors.
Transportation Access: Easy access to I-170 and I-134 freeways, Universal Studios, and the Metro Rail, making commuting convenient.
Desirable Amenities: Features a spacious courtyard, on-site laundry, and garaged parking, enhancing tenant appeal.

Cons

Year Built: Built in 1948, the property may require ongoing maintenance and potential upgrades due to its age.
Competition: The North Hollywood area has a competitive rental market, requiring strategic pricing and marketing to attract tenants.
Limited Information: The description lacks specific details about the condition of the vacant units, potentially requiring further inspection and due diligence.

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