10200 De Soto Ave, Chatsworth, CA 91311-3201
- Apartment buildings
- 85,705 SF
- 1.69 lot acres
Current Use by Public Records
- Lemarsh Gardens / Apartment Building / Apartment Complex
- Video Projection Services (Rent a Projector) / Tech Support Center / Rental Equipment Company
- george kak / Consultant
Property Details for 10200 De Soto Ave
- Year built
- 1963
- Construction
- WOOD
- Lot size
- 1.69 lot acres
- Zone code
- LAR3
- Property type
- Apartment buildings
- APN
- 2741-001-020
- APU
- 2741001020
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 31, 2025 | $16,500,000 | Baskets Unlimited LLC | Le Marsh Gardens Apartments Ltd LP | Grant Deed | $12.4M · Jpmorgan Chase Bank NA |
| Aug 14, 1970 | — | — | — | Grant Deed · related | — |
Description
This 86-unit apartment building in Chatsworth, CA, presents a compelling value-add opportunity. Boasting 85,705 square feet on a 1.69-acre lot, the property features a mix of 56 one-bedroom/one-bathroom units (averaging 780 sq ft) and 30 two-bedroom/two-bathroom units (averaging 1,100 sq ft). Built in 1963, the three-story building is zoned LAR3 and offers significant upside potential due to rents currently approximately 32% below market value. Renovation of units and common areas, along with the potential for ADU development (buyer to verify), promises substantial income growth. Units include porcelain tile countertops, wood-inspired flooring (select units), large closets, balconies/patios, central A/C and heat, full appliance packages, and designer finishes. Amenities include secured access, carport parking, a pool, clubhouse, 24-hour laundry, on-site management, and a 24-hour maintenance call center. The property enjoys a convenient location near freeways (118 and 101), shopping, dining, and the Chatsworth Metrolink Station, providing easy access to Downtown LA and Ventura County. The asking price is $17,950,000, representing $208,721 per unit, with a current NOI of $1,061,421 and a pro-forma NOI of $1,542,990. The property's current cap rate is 5.91%, with a pro-forma cap rate of 8.60%.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $22,985,000
- 6.5%
- $21,215,000
- 7%
- $19,700,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $12,172,000
Market price range: $12.2M - $32.7M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $22,610,000 Current use
- OFFICE BUILDING
- $27,395,000 Change: +21% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $26,480,000 Change: +17% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Chatsworth
- County
- Los Angeles
- State
- California
- Longitude
- -118.588
- Latitude
- 34.2557
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
