Property summary
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%.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records and 6 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 13 properties nearbyComparable nearby
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Location Insight
- Alternative use
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