23403 Lake Manor Drive Chatsworth, CA 91311
Two-story mixed-use property in Lake Manor neighborhood of Chatsworth.
Property Features for 23403 Lake Manor Drive
General Information
- Standard status
- Active
- Size
- 3,544 SF
Building Details
- Year Built
- 1971
Listing office JOHNHART REAL ESTATE
Listing date May 10, 2025
Source Corcoran
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.
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.1k | $38.40 |
| − Vacancy | −$32.8k | −$9.25 |
| EGI | $103.3k | $29.15 |
| − OpEx | −$25.8k | −$7.29 |
| NOI | $77.5k | $21.86 |
