Commercial Property with Residential
For Sale
$1,649,000
23403 Lake Manor Drive, Chatsworth, CA 91311
Two-story mixed-use property in Lake Manor neighborhood of Chatsworth.
Property Size3,544 SF
Price / SF$465.29
Days on Market522
Property Features for 23403 Lake Manor Drive
General Information
Standard status
Active
Size
3,544 SF
Building Details
Year Built
1971
Listing Agency:
JOHNHART REAL ESTATE
Listed By:
PAMELA RUPP
Source:
Corcoran
Added: May 10, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JOHNHART REAL ESTATE
Investment Insights
Based on property information with market context.
This two-story mixed-use property, approximately 3,544 square feet, is located in the Lake Manor neighborhood of Chatsworth. The property offers a blend of residential and commercial space, suitable for entrepreneurs, professionals, or investors. The upper level features three bedrooms, two bathrooms, and an open-concept kitchen equipped with a Wolf stove that flows into the main living area. Surrounded by mature trees, the residence provides a tranquil and private retreat. The lower level includes its own kitchen, three exam rooms, and two bathrooms, with a flexible layout and separate access, allowing for privacy between business and living areas. The property is zoned commercial and includes a Conditional Use Permit (CUP) allowing for residential use on the upper level. The property is suitable for multi-use.
Key Highlights
- Commercial property with residential living space, a fantastic live/work opportunity.
- Located in the desirable Lake Manor neighborhood of Chatsworth.
- Zoned commercial with a Conditional Use Permit (CUP) allowing residential use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,469
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,549,380
$1.5M
Cap Rate 7%
$1,106,700
$1.1M
Cap Rate 9%
$860,767
$860.8K
Market Conditions
NOI Build-Up for 3,544 SF
Gross rent
$136.1K $38.40/SF
− Vacancy
−$32.8K −$9.25/SF
EGI
$103.3K $29.15/SF
− OpEx
−$25.8K −$7.29/SF
NOI
$77.5K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,549,380
Cap Rate 7%
$1,106,700
Cap Rate 9%
$860,767
Alternative Uses
Best Use
Office B
$1.11M
$968.4K – $1.29M
NOI $77,469 @ 7.0% cap · market cap 4.70%
Second Best
Mixed Use
$1.03M
$897.1K – $1.20M
NOI $71,766 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,821 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
Business Placement
Demographics for 91311, CA
39,014
Population
14,879
Households
2.6
Avg Household Size
44
Median Age
45%
College-Educated
91%
High-School Grad
32.6 sq mi
ZIP Area
1,197
Density / Sq Mi
$117,574
Median Household Income
$60,403
Median Earnings
$2,199
Median Rent
$837,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story mixed-use property in Lake Manor neighborhood of Chatsworth.
Where is this mixed-use property located?
The property is located at 23403 Lake Manor Drive Chatsworth, CA.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Commercial property with residential living space, a fantastic live/work opportunity.; Located in the desirable Lake Manor neighborhood of Chatsworth.; Zoned commercial with a Conditional Use Permit (CUP) allowing residential use.
