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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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22320 Itasca Street Chatsworth, CA 91311
$2,599,000 12 beds, 8 baths
5, 284 sqft
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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128
888-995-7575
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Agent Remarks

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 Details

Property type: (Multi-Family)
Status: Active
MLS# 26987363
List price is $2,599,000
Beds: 12
Baths: 8
Built in 1974
5,284 sqft
1 story
0.35 acres
Lot size: 0.3512
County: Los Angeles
Zoning: LARE11
Appliances: Refrigerator
Parking description: Carport,Door-Multi,Garage
Heating/cooling: Central Air
Heating description: Central
MLS area: CHT - Chatsworth

Last Updated: 10/13/2026

 Find more Chatsworth homes and real estate

 Find more homes in 91311 zip code

This listing belongs to the CHT - Chatsworth MLS area

Lat/Long: 34.244055, -118.613332.
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Listing Agent: Lauren Duffy
Co Listing Agent: Rick Tyberg
Lic#: 02134685
Broker: Courtesy of Douglas Elliman

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128
888-995-7575
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