Multi-Family for sale in Southern California — $2,799,000. 12 beds · 8 baths · 5,284 sqft. Situated on a quiet cul-de-sac with scenic views of the Chatsworth Mountains, this exceptional 4 unit residential compound offers a rare blend of investment performance and flexible residential living. Located on an e…
$2,799,000
22320 Itasca Street, Chatsworth, CA 91311
Situated on a quiet cul-de-sac with scenic views of the Chatsworth Mountains, this exceptional 4 unit residential compound offers a rare blend of investment performance and flexible residential living. Located on an expansive 15,300 SF lot with convenient access to the 118 Freeway, the property consists of 4 thoughtfully designed 3-bedroom, 2-bathroom residences totaling approximately 5300 SF of living space. Designed as a campus style layout with immense privacy, each dwelling features a separate entrance, private outdoor space, soaring ceilings, parking, in-unit laundry hookups and contemporary finishes throughout. Live in the main house while you subsidize your mortgage with the 3 back units, or create the perfect place for multigenerational living, RCFE, assisted living, sober living, executive housing or transitional housing use.Built to current construction and energy-efficiency standards, the property is equipped with solar power, HERS-certified systems, and individually metered. The projected rent roll consists of approximately $4,800/month for the main dwelling, $4,500/month for the duplex unit, and $3,800/month for each ADU, generating a total projected gross income of approximately $16,900 per month or $202,800 annually. Pro forma projections are based on 3% annual rental escalations and 3% annual expense inflation, while maintaining an estimated 28% expense ratio due to the benefits of brand-new construction, individually metered utilities, energy-efficient systems, and onsite solar generation. This operational efficiency supports a projected Year 1 NOI of approximately $146,000 and an estimated 5.06% cap rate, with projected income growth driving cap rate expansion to approximately 5.70% by Year 5. With its rare combination of new construction, operational efficiency, projected income growth, and flexible use potential, this property presents an exceptional opportunity for investors, owner-users, and care-facility operators alike. (Buyer to verify all use, zoning and licensing requirements).
Listing updated: June 30, 2026 at 3:48 PM
Listed by: Lauren Duffy, Douglas Elliman
Source: CRMLS, MLS#: 26850545, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
6/22/2026 Source: CRMLS, #26850545 | Listed for sale | $2,799,000$530/sqft |
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