San Fernando, CA 91340,452 Chatsworth Dr.
See all 71 photos
San Fernando, CA 91340,452 Chatsworth Dr.
San Fernando, CA 91340,452 Chatsworth Dr.
San Fernando, CA 91340,452 Chatsworth Dr.
San Fernando, CA 91340,452 Chatsworth Dr.

$1,975,000

Est. payment /mo

$2,100,000

6.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

452 Chatsworth Dr. San Fernando, CA 91340

0.28 Acres Lot

SOLD DATE : 11/14/2023

Key Details

Sold Price $1,975,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRSR23144814

Sold Date 11/14/23

Originating Board California Regional MLS

Year Built 1990

Lot Size 0.283 Acres

Property Description

We are proud to present a rare investment opportunity to acquire The Collection, located in the highly coveted city of San Fernando. The Collection is an adjacent two-parcel corner lot property located at 452 and 470 Chatsworth Drive wrapping around the corner down Coronel Street to include an SFR located at 750 Coronel for a total of 5 spacious units comprised of 4 (3+2.5) townhomes and 1 (3+2) single family residence. This unique value-added investment represents an attractive price per square foot, rental upside potential, and best in place Cap Rate currently offered for sale in the City of San Fernando at 5.51% and a pro-forma Cap Rate of 6.99%! In addition, all units are currently eligible for annual rental increases at a maximum of 8.8% under AB 1482. This allows for an investor to capitalize on a great year one cash on cash return after implementing rent increase and drive the Cap Rate up to just under 6% without the need for any major capital investment or expense. The 452 Chatsworth Drive address and APN includes a townhome style duplex + single-family residence located at 750 Coronel Street! 470 Chatsworth Drive is a near identical duplex to 452 Chatsworth Dr. The properties feature Spanish inspired architecture, attached two-car garages with additional driveway

Location

State CA

County Los Angeles

Area Sf - San Fernando

Exterior

Garage Spaces 10.0

Pool None

Building

Water District - Public

Others

Tax ID 2522021030

Special Listing Condition Not Applicable

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


MLS Listing IDX PLUS
Listed by Raymond Rodriguez • Keller Williams Realty Calabasas
Bought with Raymond Rodriguez • Keller Williams Realty Calabasas
agent

Luis Vasquez

Agent | License ID: 02083319

+1(650) 200-8722

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.