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Key Details
Sold Price $1,850,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,461 sqft
Price per Sqft $286
MLS Listing ID SR21008870
Sold Date 04/02/21
HOA Y/N No
Year Built 1963
Lot Size 6,847 Sqft
Acres 0.1572
Property Description
We are proud to offer for sale – for the first time in 24 years, Arches West Apartments. Located at 17093 Chatsworth Street, Arches West is a tranquil 8-unit garden-style multifamily complex built in 1963 located in Granada Hills, CA. The building is 2 stories and construction is of wood frame with a flat roof and painted stucco exterior / wood panel accent. The asset is +/- 6,461 building square feet on a +/- 6,849 square foot lot zoned LAR3.
The apartment units are spacious and consist of 5 one-bedroom/one-bath units, 2 two-bedroom/one-bath units and 1 two-bedroom/two-bath unit. Three of the eight units have been renovated. Common area amenities include controlled access, partial covered & garage parking and one laundry facility. Unit amenities include air conditioning, stove, plenty of closet space, semiprivate balconies / patios, and in select units new flooring and counter tops.
The building is accessible in the front of the property off Chatsworth St. through the front gate and through the rear alleyway via gated parking. There are a total of 10 parking spaces. Capital improvements include soft story retrofit completion and installation of a new water heater. Aesthetically, the property grounds and building are well maintained and attractive. The landscaping is well kept and manicured. The structure has impressive frontage providing for attractive curb appeal.
17093 Chatsworth street offers astute investors significant rental upside potential of roughly 18.2%.
Location
State CA
County Los Angeles
Area Gh - Granada Hills
Zoning LAR3
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Garage Covered, Garage Faces Front, Garage, One Space, Uncovered
Garage Spaces 10.0
Garage Description 10.0
Pool None
Community Features Biking, Dog Park, Hiking, Suburban
Parking Type Covered, Garage Faces Front, Garage, One Space, Uncovered
Total Parking Spaces 10
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2696029008
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Contract, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Raymond Rodriguez • Keller Williams Realty Calabasas