Move-In Ready Home in Gated
For Sale
$349,999
51-20652 Lassen St, Chatsworth, CA 91311
Move-in ready 4-bedroom, 2-bath home located within a clean, well-maintained gated family park.
Property Size1,400 SF
Price / SF$249
Days on Market51
Property Features for 51-20652 Lassen St
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Manufactured In Park
Amenities
gated
Listing Agency:
NTMR Holdings Inc.
Listed By:
Vincent Martinez
(562) 653-4406
Source:
Exprealty
Added: Jul 18
Changed: Sep 5
Last Checked: Sep 5 at 12:53PM
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 NTMR Holdings Inc.
Investment Insights
Based on property information with market context.
This move-in ready home offers 4 bedrooms and 2 bathrooms, presented in a clean and well-maintained condition. The property is located inside a gated family park, creating a controlled access setting.
The home is offered for sale at 51-20652 Lassen St in Chatsworth, CA. Buyers seeking an on-site residence within a managed, gated community setting will want to review the park’s access and property rules as part of their due diligence.
The home is offered for sale at 51-20652 Lassen St in Chatsworth, CA. Buyers seeking an on-site residence within a managed, gated community setting will want to review the park’s access and property rules as part of their due diligence.
Key Highlights
- Move‑in ready 4‑bedroom, 2‑bath home
- Located within a clean, well‑maintained gated family park
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,527
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$450,540
$450.5K
Cap Rate 7%
$321,814
$321.8K
Cap Rate 9%
$250,300
$250.3K
Market Conditions
NOI Build-Up for 1,400 SF
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.
Gross rent
$44.5K $31.80/SF
− Vacancy
−$3.6K −$2.54/SF
EGI
$41.0K $29.26/SF
− OpEx
−$18.4K −$13.17/SF
NOI
$22.5K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$450,540
Cap Rate 7%
$321,814
Cap Rate 9%
$250,300
Alternative Uses
Best Use
Apartment 5plus
$321.8K
$281.6K – $375.5K
NOI $22,527 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$749.6K
$655.9K – $874.5K
NOI $52,469 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,483
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Move-in ready 4-bedroom, 2-bath home located within a clean, well-maintained gated family park.
Where is this mobile home & rv park located?
The property is located at 51-20652 Lassen St Chatsworth, CA.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: Move‑in ready 4‑bedroom, 2‑bath home; Located within a clean, well‑maintained gated family park
