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Multifamily

17078 Chatsworth St

17078 Chatsworth St, Granada Hills, CA 91344

Listing Price: $2,450,000

Cap Rate
4.66%
Number of Units
8
Occupancy
97.0%
Price/Unit
$306,250
Price/Gross SF
$383.23
Gross SF
6,393

Investment Overview

The Opportunity Marcus & Millichap is proud to present this 8 unit apartment building in a solid Granada Hills location. Built in 1987, the property is not subject to Los Angeles City Rent Stabilization Ordinance. There is a good unit mix which includes Four One-Bed/One-Bath Units, and Four Two-Bedroom/Two-Bath Units. Four of the units are to be dedicated to moderate or low income tenants (see rent roll for details). The Asset The property has been under the same ownership for over 25 years. The building is bordered by lush, cared-for foliage and trees allowing the property to stay cooler in the summer and have appealing views from the windows. The building is secured from both sides with gated entry. For easy access, there are 16 tandem covered parking spaces or two spaces per unit. Additionally, on site laundry is available for residents; this affords the building owner some additional income. The Location Just west of Balboa Blvd and just South of the 118 Freeway, the property offers residents a very desirable location. The property is in the heart of Granada Hills and has quick access to the Freeway. Because of this, there's plenty of dining and shopping nearby. Also, the proximity to the 118 freeway and also the 405 freeway makes this location great for commuters.

Investment Highlights

  • Not Subject to LA City RSO - Built in 1987
  • Excellent Parking
  • Solid Granada Hills Location
  • Good Unit Mix
  • Spacious Floor Plans
  • Significant Upside in Rents

Exclusively Listed By

Financing By

Multifamily

17078 Chatsworth St

Listing Price: $2,450,000

Cap Rate
4.66%
Number of Units
8
Occupancy
97.0%
Price/Unit
$306,250
Price/Gross SF
$383.23
Gross SF
6,393

Investment Highlights

  • Not Subject to LA City RSO - Built in 1987
  • Excellent Parking
  • Solid Granada Hills Location
  • Good Unit Mix
  • Spacious Floor Plans
  • Significant Upside in Rents

Investment Overview

The Opportunity Marcus & Millichap is proud to present this 8 unit apartment building in a solid Granada Hills location. Built in 1987, the property is not subject to Los Angeles City Rent Stabilization Ordinance. There is a good unit mix which includes Four One-Bed/One-Bath Units, and Four Two-Bedroom/Two-Bath Units. Four of the units are to be dedicated to moderate or low income tenants (see rent roll for details). The Asset The property has been under the same ownership for over 25 years. The building is bordered by lush, cared-for foliage and trees allowing the property to stay cooler in the summer and have appealing views from the windows. The building is secured from both sides with gated entry. For easy access, there are 16 tandem covered parking spaces or two spaces per unit. Additionally, on site laundry is available for residents; this affords the building owner some additional income. The Location Just west of Balboa Blvd and just South of the 118 Freeway, the property offers residents a very desirable location. The property is in the heart of Granada Hills and has quick access to the Freeway. Because of this, there's plenty of dining and shopping nearby. Also, the proximity to the 118 freeway and also the 405 freeway makes this location great for commuters.

Exclusively Listed By

Financing By

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