R
Seller's Agent in 2023
Raymond Rodriguez
Equity Union
(818) 657-6500
1 in this area
30 Total Sales
452 Chatsworth Dr San Fernando, CA 91340
Estimated Value: $1,902,000 - $2,101,000
6
Beds
5
Baths
5,856
Sq Ft
$344/Sq Ft
Est. Value
About This Home
As of November 2023We are proud to present a rare investment opportunity to acquire The Collection, located in the highly coveted city of San Fernando. The Collection is an adjacent two-parcel corner lot property located at 452 and 470 Chatsworth Drive wrapping around the corner down Coronel Street to include an SFR located at 750 Coronel for a total of 5 spacious units comprised of 4 (3+2.5) townhomes and 1 (3+2) single family residence.
This unique value-added investment represents an attractive price per square foot, rental upside potential, and best in place Cap Rate currently offered for sale in the City of San Fernando at 5.51% and a pro-forma Cap Rate of 6.99%! In addition, all units are currently eligible for annual rental increases at a maximum of 8.8% under AB 1482. This allows for an investor to capitalize on a great year one cash on cash return after implementing rent increase and drive the Cap Rate up to just under 6% without the need for any major capital investment or expense.
The 452 Chatsworth Drive address and APN includes a townhome style duplex + single-family residence located at 750 Coronel Street! 470 Chatsworth Drive is a near identical duplex to 452 Chatsworth Dr. The properties feature Spanish inspired architecture, attached two-car garages with additional driveway parking, full-size laundry rooms, spacious private yards and patios, central HVAC units, modern finishes, stainless steel appliances and creative bay / alcove space in 2 select units perfect for office, nursery, or den usage. The construction is of a wood frame, flat roof and painted stucco exterior, built in 1990 totaling +/- 5,856 square feet on a +/- 12,322 square foot lot.
It is rare for investment properties to trade in the City of San Fernando and this particular asset has not traded hands in over 33 years. The pride of ownership is evident as soon as you pull up to the properties in their curb appeal and how they have been diligently maintained. The units provide separate hot water heaters and are individually metered for gas and electricity, with the owner paying for water and landscaping.
All units are due for rental increases which the Seller has left for the new owner to determine. Overall, the City of San Fernando offers a range of opportunities for those interested in real estate, whether as homeowners, investors, or business owners.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $27,351
Year Built
- Built in 1990
Lot Details
- Two or More Common Walls
- 2522021031
Parking
- 10 Car Garage
Interior Spaces
- 5,856 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Listing and Financial Details
- Tax Lot 1-3
- Tax Tract Number 1803
- Assessor Parcel Number 2522021030
Community Details
Overview
- 3 Buildings
- 5 Units
Recreation
- Park
Building Details
- 5 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $45,193
- Gross Income $165,876
- Net Operating Income $115,707
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 4, 2023
Closed on
Oct 16, 2023
Sold by
Robert And Ava Gold Family Trust
Bought by
Golden Age Real Estate Llc
Seller's Agent
Raymond Rodriguez
Equity Union
Buyer's Agent
Raymond Rodriguez
Equity Union
List Price
$2,100,000
Sold Price
$1,975,000
Premium/Discount to List
-$125,000
-5.95%
Total Days on Market
70
Views
103
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,667
Avg. Annual Appreciation
-1.85%
Original Mortgage
$1,275,000
Outstanding Balance
$1,257,452
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$664,548
Purchase Details
Closed on
Nov 16, 2005
Sold by
Gold Robert and Gold Ava B
Bought by
Gold Robert K and Gold Ava B
Purchase Details
Closed on
Sep 10, 1997
Sold by
Glendale Federal Bank Fsb
Bought by
Gold Robert and Gold Ava B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
7.36%
Purchase Details
Closed on
May 14, 1997
Sold by
Transworld Bank
Bought by
Glendale Federal Bank Fsb
Purchase Details
Closed on
Feb 19, 1997
Sold by
Solis Rudy and Transworld Bank
Bought by
Transworld Bank
Purchase Details
Closed on
Aug 29, 1996
Sold by
Solis Gloria
Bought by
The Chatsworth Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Golden Age Real Estate Llc | $1,975,000 | California Best Title | |
| Gold Robert K | -- | -- | |
| Gold Robert | $220,000 | Benefit Land Title Company | |
| Glendale Federal Bank Fsb | -- | Benefit Title | |
| Transworld Bank | $350,000 | Fidelity National Title Ins | |
| The Chatsworth Trust | -- | -- | |
| The Fernando Trust | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Golden Age Real Estate Llc | $1,275,000 | |
| Previous Owner | Gold Robert | $198,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/14/2023 11/14/23 | Sold | $1,975,000 | -6.0% | $337 / Sq Ft |
| 09/11/2023 09/11/23 | Price Changed | $2,100,000 | 0.0% | $359 / Sq Ft |
| 09/11/2023 09/11/23 | For Sale | $2,100,000 | 0.0% | $359 / Sq Ft |
| 08/04/2023 08/04/23 | For Sale | $2,100,000 | -- | $359 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $27,351 | $1,975,000 | $900,000 | $1,075,000 |
| 2023 | $5,198 | $337,617 | $122,763 | $214,854 |
| 2022 | $4,980 | $330,998 | $120,356 | $210,642 |
| 2021 | $4,837 | $324,509 | $117,997 | $206,512 |
| 2020 | $4,969 | $321,183 | $116,788 | $204,395 |
| 2019 | $4,823 | $314,887 | $114,499 | $200,388 |
| 2018 | $4,727 | $308,713 | $112,254 | $196,459 |
| 2016 | $4,520 | $296,727 | $107,896 | $188,831 |
| 2015 | $4,497 | $292,271 | $106,276 | $185,995 |
| 2014 | $4,504 | $286,547 | $104,195 | $182,352 |
Source: Public Records
Agents Affiliated with this Home
-
Raymond Rodriguez
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR23144814
APN: 2522-021-030
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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