Active Open Friday 06/26 2 PM-5 PM

22320 Itasca Street

Chatsworth, CA 91311
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Bed 12

Bed

Bath 0

Bath

SqFt5,284

Sqft

SqFt15,300

Sqft(Lot)

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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Detail Ic Property Details

Property Type : Residential Income

Price : $2,799,000

AD Id : 85726174

MLS Id : 26850545

Beds : 12

Lot Size : 15,300 Sqft

Living Area Size : 5,284

Year Built : 1974

County : Los Angeles

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  • 06/26 2 PM-5 PM
  • 06/28 5 PM-7 PM
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Feature Features

  • Bedroom Information

    Total Bedrooms: 12

    Bathroom Information

    Total Baths: 8 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Refrigerator
  • Cooling Features

    Central Air Air Conditioning

    Heating Source

    Central Has Heating

  • Building Information

    Year Built: 1974 Building Area Total: 5,284
  • Laundry Features

    Stacked

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3512
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 15300

  • Listing Price Information

    Original List Price: 2,799,000 Listing Contract Date: 2026-06-22
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 2727008002

  • Garage and Parking

    Garage Description: Carport,Door-Multi,Garage

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: CHT - Chatsworth Postal Code Plus 4: 4743 Directions: West of Topanga Canyon Blvd, North of Plummer St Zoning: LARE11 Source Property Type: Residential Income Area: CHT - Chatsworth
  • Building and Construction

    Property Age: 52 Year Built Source: Vendor Enhanced Total Square Feet Living: 5284 Levels or Stories: One Building Total Stories: 1
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
19620 Los Alimos, Chatsworth, CA, 91311 $1,469,000 4 2 2,665 2,665 SqFt
19600 Kingsbury Street, Chatsworth, CA, 91311 $1,124,000 4 2 2,340 2,340 SqFt
10811 Baile Avenue, Chatsworth, CA, 91311 $2,345,000 5 3 5,414 5,414 SqFt
10949 Cartwright Drive, Chatsworth, CA, 91311 $2,375,000 4 5 4,160 4,160 SqFt
19858 Longhorn Drive, Chatsworth, CA, 91311 $2,650,000 5 4 5,587 5,587 SqFt
19817 Hiawatha Street, Chatsworth, CA, 91311 $1,275,000 4 2 2,594 2,594 SqFt
19723 Romar Street, Chatsworth, CA, 91311 $1,395,000 4 1 2,883 2,883 SqFt
19865 Hiawatha Street, Chatsworth, CA, 91311 $1,700,000 4 4 3,989 3,989 SqFt
19816 Septo Street, Chatsworth, CA, 91311 $1,299,000 5 3 3,274 3,274 SqFt
19806 Needles, Chatsworth, CA, 91311 $1,249,000 3 2 1,823 1,823 SqFt

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ByOwner last updated this listing 06/23/2026 @ 23:57

MLS: 26850545 LISTED BY: Lauren Duffy, Douglas Elliman 310-595-3888 SOURCE: CRMLS

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