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22320 Itasca ST Chatsworth, CA 91311
12 Beds
8 Baths
5,284 SqFt
Open House
Fri Jun 26, 11:00am - 2:00pm
Sun Jun 28, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,284 sqft
Price per Sqft $529
MLS Listing ID 26850545
Bedrooms 12
HOA Y/N No
Year Built 1974
Lot Size 0.351 Acres
Property Description
Situated on a quiet cul-de-sac with scenic views of the Chatsworth Mountains, this exceptional 4 unit residential compound offers a rare blend of investment performance and flexible residential living. Located on an expansive 15,300 SF lot with convenient access to the 118 Freeway, the property consists of 4 thoughtfully designed 3-bedroom, 2-bathroom residences totaling approximately 5300 SF of living space. Designed as a campus style layout with immense privacy, each dwelling features a separate entrance, private outdoor space, soaring ceilings, parking, in-unit laundry hookups and contemporary finishes throughout. Built to current construction and energy-efficiency standards, the property is equipped with solar power, HERS-certified systems, and individually metered. The projected rent roll consists of approximately $4,800/month for the main dwelling, $4,500/month for the duplex unit, and $3,800/month for each ADU, generating a total projected gross income of approximately $16,900 per month or $202,800 annually. Pro forma projections are based on 3% annual rental escalations and 3% annual expense inflation, while maintaining an estimated 28% expense ratio due to the benefits of brand-new construction, individually metered utilities, energy-efficient systems, and onsite solar generation. This operational efficiency supports a projected Year 1 NOI of approximately $146,000 and an estimated 5.06% cap rate, with projected income growth driving cap rate expansion to approximately 5.70% by Year 5. With its rare combination of new construction, operational efficiency, projected income growth, and flexible use potential, this property presents an exceptional opportunity for investors, owner-users, and care-facility operators alike. (Buyer to verify all use, zoning and licensing requirements).
Location
State CA
County Los Angeles
Area Cht - Chatsworth
Zoning LARE11
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Refrigerator
Laundry Stacked
Exterior
Parking Features Carport, Door-Multi, Garage
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 2727008002
Special Listing Condition Standard
Listed by Lauren Duffy Douglas Elliman #02134685
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