Lori Dekermenjian
This listing was posted on RealtyWW.
$850,000
Property For Sale In Chatsworth, California
Price:
$850,000
BR/BA:
2 BR, 1 BA
Location:
9208 Applegate Ter, Chatsworth, CA
Description:
Exciting investment opportunity awaits in the charming Lake Manor neighborhood of Chatsworth! Welcome to 9208 and 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 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.For more details: https://realtyww.info/all-others-real-estate_1_chatsworth-d188603/for-sale_i70528488
Property Type:
Other Housing for Sale
Amenities:
AC, Parking, Patio/Deck
Posted:
April 11 on RealtyWW
Visit Our Partner Website
This listing was posted on another website. Click here to open: Go to RealtyWW
Important Safety Tips
These might be signs of fraud:
- Really cheap prices
- Irregular email adresses
- Contact info in pictures
To learn more, visit the Safety Center or click here to report this listing.
More About this Listing: Property For Sale In Chatsworth, California
Property For Sale In Chatsworth, California is a Two Bedroom One Bath Other Real Estate for Sale at 9208 Applegate Ter in Chatsworth CA. Find other listings like Property For Sale In Chatsworth, California and listings near 9208 Applegate Ter by searching Oodle Classifieds for Two Bedroom One Bath Other Real Estate for Sale in Chatsworth CA.
Property For Sale In Chatsworth, California is a Two Bedroom One Bath Other Real Estate for Sale at 9208 Applegate Ter in Chatsworth CA. Find other listings like Property For Sale In Chatsworth, California and listings near 9208 Applegate Ter by searching Oodle Classifieds for Two Bedroom One Bath Other Real Estate for Sale in Chatsworth CA.