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452 Chatsworth Dr.
USD 2,100,000
Property ID: SR23144814
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452 Chatsworth Dr. ,91340
icon Townhouse
icon 12322 SqFt
icon Built in 1990
icon USD 170/SqFt
icon 0 Bed
icon 0 Full
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icon --
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Location Street View
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
5856
Construction Details
Property Type Townhouse
Property Condition --
Architectural Style --
New Construction --
Year Built 1990
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Detailed Introduction Of This Home
We are proud to present a rare investment opportunity to acquire The Collection, located in the highly coveted city of San Fernando. The Collection is an adjacent two-parcel corner lot property located at 452 and 470 Chatsworth Drive wrapping around the corner down Coronel Street to include an SFR located at 750 Coronel for a total of 5 spacious units comprised of 4 (3+2.5) townhomes and 1 (3+2) single family residence. This unique value-added investment represents an attractive price per square foot, +/- 30% rental upside potential, best in place Cap Rate currently offered for sale in the City of San Fernando at 5.18% and a pro-forma Cap Rate of 7.28%! In addition, all units are currently eligible for annual rental increases at a maximum of 10% or 5% + CPI under AB 1482. This allows for an investor to capitalize on a great year one cash on cash return after implementing rent increase and drive the Cap Rate up to just under 6% without the need for any major capital investment or expense. The 452 Chatsworth Drive address and APN includes a townhome style duplex + single-family residence located at 750 Coronel Street! 470 Chatsworth Drive is a near identical duplex to 452 Chatsworth Dr. The properties feature Spanish inspired architecture, attached two-car garages with additional driveway parking, full-size laundry rooms, spacious private yards and patios, central HVAC units, modern finishes, stainless steel appliances and creative bay / alcove space in 2 select units perfect for office, nursery, or den usage. The construction is of a wood frame, flat roof and painted stucco exterior, built in 1990 totaling +/- 5,856 square feet on a +/- 12,322 square foot lot. It is rare for investment properties to trade in the City of San Fernando and this particular asset has not traded hands in over 33 years. The pride of ownership is evident as soon as you pull up to the properties in their curb appeal and how they have been diligently maintained. The units provide separate hot water heaters and are individually metered for gas and electricity, with the owner paying for water and landscaping. All units are due for rental increases which the Seller has left for the new owner to determine. Overall, the City of San Fernando offers a range of opportunities for those interested in real estate, whether as homeowners, investors, or business owners.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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452 Chatsworth Dr.
USD 2,100,000 0 Beds
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