22320 Itasca Street, Chatsworth, CA 91311
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
22320 Itasca Street,Chatsworth, CA 91311
$2,799,000
- 12 Beds
- 8 Baths
- 5,284 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Fri, Jun 2611:00 am - 02:00 pm
- Sun, Jun 2802:00 pm - 04:00 pm
Listed by: lauren duffy, rick tyberg
Office: douglas elliman310-595-3888
MLS#:26850545
Source:CRMLS
Price summary
- Price:$2,799,000
- Price per sq. ft.:$529.71
About this home
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)....
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Home facts
- Year built:1974
- Listing ID #:26850545
- Added:1 day(s) ago
- Updated:June 24, 2026 at 10:31 AM
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:$2,799,000
- Price per sq. ft.:$529.71
Features and amenities
- Laundry features:Stacked
Parking
- Parking description:Carport, Door-Multi, Garage
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