9208 Applegate Terrace
9208 Applegate Terrace
$850,000
4
2
2,100
2,100
$405
Description
Exciting investment opportunity awaits in the charming Lake Manor neighborhood of Chatsworth! Welcome to 9208 & 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....Exciting investment opportunity awaits in the charming Lake Manor neighborhood of Chatsworth! Welcome to 9208 & 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, New HVAC (in 9208) 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.
- Listed by Lori Dekermenjian • DRE #02012463 • Brokerage DRE #01873088 • JohnHart Real Estate • 818-585-3208
Property Details for 9208 Applegate Terrace
View
None
Parking Spaces Total0
Private PoolNo
Cooling TypeCentral Forced Air
Total Units2.0
Building TypeDetached
Lot Size SourceAssessor
Living Area2100
Location
LISTING UPDATED: 04/10/2024 11:24 PM
Property Details for 9208 Applegate Terrace
Status | Active |
---|---|
MLS # | SR24069242 |
Days on Market | 24 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Townhouse |
MLS Type | Residential Income |
Year Built | 1965 |
Lot Size | 0.11 AC / 4,954 SF |
County | Los Angeles County |
Location
Building Information for 9208 Applegate Terrace
Stories2Residences-Year Built1965Building Size-Lot Size0.11 AC / 4,954 SF
Payment Calculator
$5,236 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 9208 Applegate Terrace
Property History for 9208 Applegate Terrace
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 9208 Applegate Terrace
Taxable ValueLand$174,787Additions$387,028Total$561,815
Tax Record2023$7,165 ($597 / month)
Home Facts
Total Finished SqFt2,100 SqFtAbove Grade Finished SqFt2,100 SqFtLot Size4,954 SqFtStyleDuplexYear Built1965ZoningLCR3*CountyLOS ANGELESAPN2007-017-030
Schools near 9208 Applegate Terrace
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 6 to 8 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Justice Street Elementary CharterK to 5 | ||
George Ellery Hale Charter Academy Charter6 to 8 | ||
Ernest Lawrence Middle School Public6 to 8 | ||
El Camino Real Senior High School Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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