$ 2,599,000
-
$2,599,000
Price -
12
Bed -
8
Bath -
5,284
SqFt -
0.35
Acre
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About the Listing X80715 - C135693
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.)
Listing Highlights for 22320 Itasca St
Interior Details
- Bedrooms: 12
- Bathrooms: 8 Full
- Appliances:
- Air Cond: Central,Wall Unit(s)
- Heating: Central
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LARE11
- Roof:
- Others:
- Sewer:
- Parking Features: Garage - 2 Car,Carport
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
22320 Itasca St Chatsworth, CA 91311
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