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$ 2,599,000
Est. payment | /mo
12 Beds
8 Baths
5,284 SqFt
$ 2,599,000
Est. payment | /mo
12 Beds
8 Baths
5,284 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,284 sqft
Price per Sqft $491
MLS Listing ID 26987363
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 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. Live in the main house while you subsidize your mortgage with the 3 back units, or create the perfect place for multigenerational living, RCFE, assisted living, sober living, executive housing or transitional housing use. Built to current construction and energy-efficiency standards, the property is equipped with solar power, HERS-certified systems, and individually metered. The property has a total projected gross income of approximately $22,000 per month or $242,880 annually. Pro forma projections are based on 3% annual rental escalations for the main dwelling and 4% annual rental escalations for the 3 back units, with 3% annual expense inflation and an 8% vacancy assumption. Total Year 1 operating expenses are projected at approximately $44,580, including maintenance and repairs, property taxes, property insurance, utilities, and property management fees. This operational efficiency supports a projected Year 1 NOI of approximately $198,300 and an estimated 7.6% cap rate, with projected income growth driving cap rate expansion to approximately 9.2% 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
Nearby School & Business
39899 Balentine Dr. Suite 200, Newark, CA 94560, United States