22320 Itasca St, Chatsworth, CA

Name: 22320 Itasca St, For Sale in Chatsworth - eXp Realty
Brand: Douglas Elliman
SKU: 26850545
Price: 2799000 USD

House

For Sale

Listed price in listed location currency (USD).

$2,799,000

1280

MLS® 26850545

Open House

Fri Jun 26, 11:00 AM - 2:00 PM PDTSun Jun 28, 2:00-4:00 PM PDT

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 5284 sqft

Garage Yes

Taxes

Days Active 0

Lot Size 0.3512 Acres

Approx. Age 1974

Avg. Price Per Sqft $529

MLS® Number 26850545

Property Address: 22320 Itasca St, Chatsworth, CA, 91311-4743

Average square foot calculated using Size range provided by listing agent.

Description

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).

MLS® Number26850545

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1974

Basement

DrivewayCarport, Door Multi, Garage

Garage Spaces

HeatCentral

A/CCentral Air

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 22, 2026List Date

$2,799,000List Price

Commute

Commute

Starting Address

Destination Address

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