RealKey
‪(213) 433-7766‬

17115 Chatsworth, Granada Hills, California 91344, Granada Hills, 91344 - bed, bath

17115 Chatsworth, Granada Hills, California 91344 home-pic-0
ACTIVE$9,500,000
17115 Chatsworth, Granada Hills, California 91344
0Bed
0Bath
20,980Sqft
13,704Lot
Year Built
2003
Close
-
List price
$9.5M
Original List price
$9.5M
Price/Sqft
$453
HOA
-
Days on market
-
Sold On
-
MLS number
GD25255789
Home ConditionFair
Features
View-

About this home

We found 3 Cons,6 Pros.

Proud to present this beautiful 17-unit apartment building located in the heart of Granada Hills. Built in 2003, the property offers an attractive unit mix of eight (8) two-bedroom, two-bathroom units and nine (9) two-bedroom, two-and-a-half-bathroom loft units. Situated on a 13,700 sq. ft. lot, the building provides approximately 20,980 rentable sq. ft. Ideally positioned in a sought-after Granada Hills rental pocket, the property is within close proximity to top-rated Charter Schools, Trader Joe’s, HomeGoods, Ralphs, Sprouts, and Cal State Northridge. Tenants also benefit from easy access to the 405, 5, and 118 freeways, connecting them conveniently to the greater Los Angeles area. The building features desirable amenities including fireplaces, spacious loft-style layouts, and secured parking. Each unit is separately metered for gas and electricity, allowing for efficient operations. With its prime location, modern construction, and strong rental appeal, this is an exceptional investment opportunity in one of the San Fernando Valley’s most desirable neighborhoods.

Nearby schools

6/10
Tulsa Street Elementary School
Public,•K-5•0.7mi
7/10
Andasol Avenue Elementary School
Public,•K-5•0.9mi
9/10
Mayall Street Elementary School
Public,•K-5•1.0mi
7/10
Haskell Elementary School
Public,•K-5•1.6mi
9/10
Vintage Math/Science/Technology Magnet School
Public,•K-5•1.8mi
5/10
Danube Avenue Elementary School
Public,•K-5•1.9mi
3/10
El Dorado Avenue Elementary School
Public,•K-5•3.4mi
4/10
Herrick Avenue Elementary School
Public,•K-5•4.1mi
6/10
Wiley Canyon Elementary School
Public,•K-6•8.2mi
5/10
Patrick Henry Middle School
Public,•6-8•0.4mi
7/10
George K. Porter Middle School
Public,•6-8•1.5mi
9/10
Robert Frost Middle School
Public,•6-8•2.0mi
4/10
Olive Vista Middle School
Public,•6-8•4.5mi
9/10
Rancho Pico Junior High School
Public,•7-8•10.7mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•0.4mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•0.4mi
6/10
John F. Kennedy High School
Public,•9-12•1.2mi
7/10
Northridge Academy High
Public,•9-12•1.7mi
10/10
West Ranch High School
Public,•9-12•10.9mi

Price History

Date
Event
Price
11/06/25
Listing
$9,500,000
03/28/23
Sold
$8,700,000
Condition Rating
Fair
The property was built in 2003, making it 21 years old. While the exterior appears well-maintained and the description mentions 'modern construction' for its time and 'strong rental appeal,' there are no interior images provided to assess the condition, style, and features of the kitchens and bathrooms. Without visual confirmation of updates, it's reasonable to assume that the original 2003 interiors, particularly kitchens and bathrooms, may be functional but show signs of being outdated in style, potentially requiring minor cosmetic updates to meet current tenant expectations. This aligns with the 'Fair' category, where major components are functional but may show signs of being outdated, and minor updates or repairs might be required.
Pros & Cons

Pros

Great Schools: Elementary School: Mayall Street Elementary School (9/10). Middle School: Robert Frost Middle School (9/10). High School: West Ranch High School (10/10).
Modern Construction: Built in 2003, the property benefits from relatively modern construction standards, potentially reducing immediate capital expenditures for major repairs and offering contemporary appeal.
Prime Location & Accessibility: Situated in a sought-after Granada Hills rental pocket, with close proximity to top-rated schools, major retailers (Trader Joe’s, Ralphs, Sprouts), Cal State Northridge, and easy access to 405, 5, and 118 freeways, ensuring strong tenant demand.
Desirable Unit Mix & Layouts: Offers an attractive unit mix of 2-bedroom, 2-bathroom units and spacious 2-bedroom, 2.5-bathroom loft units, catering to a broad and desirable tenant demographic.
Tenant-Friendly Amenities: Units feature desirable amenities such as fireplaces and the building provides secured parking, enhancing tenant comfort, security, and overall appeal.
Operational Efficiency: Each unit is separately metered for gas and electricity, which allows for efficient operations by shifting utility costs to tenants and reducing landlord operating expenses.

Cons

Aggressive Pricing: The current list price of $9.5M represents a significant increase from its last sale at $8.7M in March 2023, which could indicate an aggressive valuation and potentially impact immediate investor returns or cap rate expectations.
Limited Common Area Amenities: The property description does not highlight common amenities such as a fitness center, pool, or dedicated communal recreational spaces, which are increasingly expected in modern apartment complexes and could affect tenant attraction and retention.
Dense Development / Limited Outdoor Space: With a 13,700 sq ft lot for 17 units and 20,980 rentable sq ft, the property likely has limited expansive outdoor communal areas or green space, which might be a drawback for tenants seeking more open recreational options.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state