**Prime Investment Opportunity: Dual Residential Units in Chatsworth with Steady Rental Income** Introducing an exceptional investment opportunity for the astute investor: two parcels consisting of two adjacent residential units in the highly desirable neighborhood of Chatsworth, CA. These properties offer a stable foundation for investment growth, boasting consistent rental income in a sought-after area. **Investment Highlights:** - **Consistent Rental Income:** 3/4 units are leased as of this listing, offering immediate cash flow from the outset. With 2 bedrooms and 1 bath each, these units appeal to a wide range of renters. - **Strategic Dual Acquisition:** The purchase of these two properties not only diversifies your portfolio but also increases your leverage in a competitive rental market. This acquisition strategy enhances potential for capital growth and rental yield. - **Desirable Tenant Demographics:** Situated in Chatsworth, known for its quality residential living, excellent schools, and community amenities, these units attract stable, long-term tenants seeking a blend of suburban comfort and convenience. - **Value-Add Potential:** Each unit offers the opportunity for value-add enhancements. Strategic updates can modernize the spaces, allowing for rental rate adjustments that reflect the improvements and the area's strong rental demand. **Property Features:** - Each unit features a well-designed layout with 2 bedrooms and 1 bathroom, catering to a broad tenant base. - Private outdoor areas for each unit enhance livability and appeal to tenants seeking quality outdoor space. - Proximity to local amenities, including shopping, dining, parks, and schools, adds to the rental attractiveness. - Energy-efficient features present in the units can be further improved to decrease operational costs and attract environmentally conscious tenants. **Investment Overview:** Owning on Remmet Ave represents a significant investment in a thriving rental market. These properties not only provide immediate cash flow but also hold the potential for capital appreciation through strategic improvements and market dynamics. As Chatsworth continues to grow and attract renters, these properties stand as a testament to a smart, growth-oriented investment strategy. Seize this unique opportunity to expand your real estate portfolio with assets that promise stability, growth, and profitability.
This low-maintenance, 4-unit income property in Chatsworth Lake Manor currently generates over $60,000 in income from single occupancy, ( with three units rented at $1,260 and one unit rented at $1,300 ) with potential to reach $80,000 with double occupancy. The property consists of two duplexes situated on a quarter-acre, street-to-street lot, completely rebuilt in 2010 from the studs up. Each of the four studio units features a private patio of equal size, and a designated large storage cabin at the back of the property (total 4 large storage/workshop cabins) . The property includes off-street parking, separate electrical meters for each unit, and all units are equipped with wood or tile floors, kitchens with ovens and stoves, and shower bathrooms. Fully fenced with gates, the property is located in a quiet and unique community. Approved plans from 2010-2011 to expand each studio unit to a one-bedroom unit. 1031 exchange buyers are welcome.
Chatsworth is located in California.
