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9208 APPLEGATE TER CHATSWORTH, CA 91311
- Townhouse or Condo / Resale (MLS)
Property Details for 9208 APPLEGATE TER, CHATSWORTH, CA 91311
Features
- Price/sqft: $404
- Lot Size: 4954 sq. ft.
- Total Units: 2
- Total Rooms: 6
- Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2
- Construction Type: Wood
Facts
- Year Built: 01/01/1965
- Property ID: 874120746
- MLS Number: SR24069242
- Parcel Number: 2007-017-030
- Property Type: Townhouse or Condo
- County: LOS ANGELES
- Legal Description: CHATSWORTH LAKE MANOR W 66 FT EX OF ST OF LOT 5 BLK 14
- Zoning: LCR3*
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 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.
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Property Brokerage:
JohnHart Real Estate
15233 Ventura Blvd. Suite 150
Sherman Oaks
CA
91403
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.