22320 Itasca Street, Chatsworth, CA 91311 (MLS # 26987363)
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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.)
| DAYS ON MARKET | 6 | LAST UPDATED | 9/14/2026 |
|---|---|---|---|
| YEAR BUILT | 1974 | COMMUNITY | CHT - Chatsworth |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Refrigerator, Washer/Dryer Stacked |
| AREA | CHT - Chatsworth |
| GARAGE | Yes |
| HEAT | Central |
| LOT | 0.3512 acre(s) |
| LOT DIMENSIONS | 15300 |
| PARKING | Carport, Garage |
| STORIES | 1 |
TOTAL MONTHLY PAYMENT
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