9316 Thompson Avenue, Chatsworth, California 91311

This low-maintenance, 4-unit income property in Chatsworth Lake Manor currently generates over $60,000 in income from single occupancy, ( with three units rented at $1,260 and one unit rented at $1,300 ) with potential to reach $80,000 with double occupancy. The property consists of two duplexes situated on a quarter-acre, street-to-street lot, completely rebuilt in 2010 from the studs up. Each of the four studio units features a private patio of equal size, and a designated large storage cabin at the back of the property (total 4 large storage/workshop cabins) . The property includes off-street parking, separate electrical meters for each unit, and all units are equipped with wood or tile floors, kitchens with ovens and stoves, and shower bathrooms. Fully fenced with gates, the property is located in a quiet and unique community. Approved plans from 2010-2011 to expand each studio unit to a one-bedroom unit. 1031 exchange buyers are welcome.