9208 Applegate Terrace

Chatsworth, CA 91311

$850,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $404 / sqft

1965

calendar_month Built

Property Description

Exciting investment opportunity awaits in the charming Lake Manor neighborhood of Chatsworth! Welcome to 9208 & 9210 Applegate Terrace - This property offers two townhouse-style units, each featuring 2 bedrooms, 1 bath, in-unit laundry room, and central A/C – sought-after amenities for tenants. Adding to its appeal, a spacious carport provides two covered parking spaces per unit. One of the property's standout features is its expansive deck, offering breathtaking views of the valley and mountains. New Roof, New HVAC (in 9208) and New stairs in 2020. Currently occupied by long-term tenants this property offers stable income. At present, rental rates are well below market value, presenting a significant 55% upside potential. With some cosmetic improvements, a savvy investor can unlock higher rental income, maximizing returns on investment and achieving a potential 6.23% CAP rate. Nestled in the friendly Lake Manor community, this property offers a serene escape from city life while remaining conveniently close to valley amenities. A local market, yoga studio, parks, and hiking trails are just a stone's throw away, providing residents with a peaceful yet active lifestyle surrounded by nature. Plus, it's only a short drive to premier shopping and dining destinations in Woodland Hills, Calabasas, and Porter Ranch. With its promising potential for growth, this property represents a prime value-add opportunity. PLEASE DO NOT DISTURB OCCUPANTS.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Fireplace Information
Features None
Interior Information
Cooling Type Central Air

Listing Information

Address 9208 Applegate Terrace
City Chatsworth
State CA
Zip 91311
County Los Angeles
Listing Agent Lori Dekermenjian DRE#02012463
Courtesy Of JohnHart Real Estate
MLS SR24069242
List Price $850,000
Status Active
Type Residential Income
Subtype Duplex
Structure Size N/A
Lot Size 4,954
Year Built 1965
DOM 1

Exterior Information

Maps

Listing information courtesy of: Lori Dekermenjian, JohnHart Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 11th, 2024 at 6:24 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.