17093 Chatsworth St, Granada Hills, CA 91344

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%.