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10200 Lilac Lane

Chatsworth, CA 93063
  • $4,325,000
  • STATUS: Active
  • ON SITE: 13 days
  • ID#: SR21146339
UPDATED: 191 min ago
$4,325,000
  • 0
    BEDS
  • 21.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1974
County:

School Ratings & Info

Description

This is an opportunity to own a highly passive, fully turn-key Airbnb business. All of the necessary systems and operational infrastructure are already in place, so it is an ideal investment for someone looking to step into a venture with very low operational oversight and a favorable ROI.In the current real estate climate with exorbitant prices and low CAP rates, it is essential to find new and creative ways of investing in the asset class in order to still achieve an attractive return. With an opportunity like this youre able to enjoy all of the tremendous benefits that investment property affords (depreciation, deductions, equity buildup, etc), while still earning a solid return on the capital youve deployed. The property itself boasts a nearly perfect 5 star rating on both sites that host it (Airbnb and VRBO). Additionally, it holds Superhost status on each site, which highlights the property owners who are most dedicated to providing outstanding hospitality to their guests. A Superhost badge appears next to the listing, which substantially increases the probability of bookings. The current owners involvement is limited to only a couple hours a week. This includes simple administrative and management tasks such as coordinating check-ins, scheduling cleaning personnel, and answering guest inquiries.Everything within the operation is systematized and streamlined. No industry specific knowledge is required about real estate or real estate management to operate the business considering it is a standardized model that anybody can follow. Its capable of operating on auto-pilot while providing the owner with a passive income in return. The current owner has spared no expense over the years to maintain this property, and as a result it shows great pride of ownership. Seller will provide all pertinent documentation from Airbnb and VRBO to substantiate any income claims. Please contact us with any additional questions.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-27T16:48:48.38. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
www.theparsonsrealestateteam.com/homes/119312077
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10200 Lilac Lane Chatsworth, CA 93063

  • Price: $4,325,000
  • Status: Active
  • Updated: 191 min ago
  • ID#: SR21146339
0
Beds
0
Baths
0
½ Baths
21.23
Acres
1974
Built
Neighborhood:
CHT - Chatsworth
County:
Los Angeles
Area:
CHT - Chatsworth
Property Description
This is an opportunity to own a highly passive, fully turn-key Airbnb business. All of the necessary systems and operational infrastructure are already in place, so it is an ideal investment for someone looking to step into a venture with very low operational oversight and a favorable ROI.In the current real estate climate with exorbitant prices and low CAP rates, it is essential to find new and creative ways of investing in the asset class in order to still achieve an attractive return. With an opportunity like this youre able to enjoy all of the tremendous benefits that investment property affords (depreciation, deductions, equity buildup, etc), while still earning a solid return on the capital youve deployed. The property itself boasts a nearly perfect 5 star rating on both sites that host it (Airbnb and VRBO). Additionally, it holds Superhost status on each site, which highlights the property owners who are most dedicated to providing outstanding hospitality to their guests. A Superhost badge appears next to the listing, which substantially increases the probability of bookings. The current owners involvement is limited to only a couple hours a week. This includes simple administrative and management tasks such as coordinating check-ins, scheduling cleaning personnel, and answering guest inquiries.Everything within the operation is systematized and streamlined. No industry specific knowledge is required about real estate or real estate management to operate the business considering it is a standardized model that anybody can follow. Its capable of operating on auto-pilot while providing the owner with a passive income in return. The current owner has spared no expense over the years to maintain this property, and as a result it shows great pride of ownership. Seller will provide all pertinent documentation from Airbnb and VRBO to substantiate any income claims. Please contact us with any additional questions.
Exterior Features

Architectural Style Cape Cod Construction Materials Stone Exterior Features Misting System Fencing ElectricSee RemarksWrought Iron Horse YN Yes Lot Features Horse PropertyLot Over 40000 SqftYard Number Of Separate Electric Meters 0 Other Structures Stable(S) Parking Features Circular DrivewayControlled EntranceDrivewayElectric GateRv Access/Parking Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Roof Composition Spa Features In Ground Spa YN Yes View City Lights View YN Yes

Interior Features

Appliances Built-In RangeDishwasherDisposalPropane RangeRange Hood Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features Dining Room Fireplace YN Yes Flooring StoneWood Heating Central Heating YN Yes Interior Features Ceiling Fan(S)Main Level Master

Property Features

Additional Parcels YN No Cap Rate 4.32 Common Interest None Community Features BikingHikingStable(S)MountainousRuralRavine Electric Expense 24760 Fuel Expense 6463 Garage YN Yes Gross Income 371421 Gross Scheduled Income 371421 Insurance Expense 5793 Land Lease YN No Laundry Features In Garage Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Maintenance Expense 32808 Net Operating Income 187050 New Construction YN No New Taxes Expense 51900 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 184371 Other Expense 18571 Possession Close Plus 2 Days Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Sewer Septic Tank Special Listing Conditions Standard Total Actual Rent 371421 Trash Expense 2808 Utilities Electricity ConnectedWater Connected Water Sewer Expense 4126 Water Source Public Zoning Laa2

Listing provided courtesy of Stephen Kaseno of Compass and Dana Olmes of Frontgate Real Estate


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-27T16:48:48.38. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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