About This Home
This 12-bedroom, 8-bathroom residential multi family at 22320 Itasca St in Chatsworth, CA is listed for $2,799,000 ($530 per sqft). Built in 1974, the home offers 5,284 sqft of living space on a 0.35 acres lot.
Key Features
- Built in 1974
- 0.35 acre lot
Property Details
Amenities
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. 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 projected rent roll consists of approximately $4,800/month for the main dwelling, $4,500/month for the dupl
ex 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).
Monthly Cost Estimate
$14,970/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
22320 Itasca St
Chatsworth, CA 91311
Property Details
Parking
Heating
Cooling
Questions & Answers
This 12-bedroom, 8-bathroom residential multi family at 22320 Itasca St is listed at $2,799,000 ($530/sqft). The estimated monthly payment is $14,969 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1974, 0.35 acre lot.
This property is listed by Lauren Duffy and can be reached at 7186406032.