22320 Itasca Street, Chatsworth, CA 91311
Local realty services provided by:CENTURY 21 Lois Lauer Realty
22320 Itasca Street,Chatsworth, CA 91311
$2,599,000
- 12 Beds
- 8 Baths
- 5,284 sq. ft.
- Multi-family
- Active
Listed by: lauren duffy, rick tyberg
Office: douglas elliman310-595-3888
MLS#:26987363
Source:CRMLS
Price summary
- Price:$2,599,000
- Price per sq. ft.:$491.86
About this home
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.)...
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Home facts
- Year built:1974
- Listing ID #:26987363
- Added:45 day(s) ago
- Updated:October 30, 2026 at 12:10 PM
Rooms and interior
- Bedrooms:12
- Total bathrooms:8
- Kitchen Description:Refrigerator
- Living area:5,284 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:1974
- Building area:5,284 sq. ft.
- Lot area:0.35 Acres
- Levels:1 Story
Finances and disclosures
- Price:$2,599,000
- Price per sq. ft.:$491.86
Features and amenities
- Laundry features:Stacked
Parking
- Parking description:Carport, Door-Multi, Garage
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