Search
10247 Variel Ave, Chatsworth, CA 91311
Image 2 for 10247 Variel Ave, Chatsworth, CA 91311
Image 3 for 10247 Variel Ave, Chatsworth, CA 91311
View Photos

10247 Variel Ave Chatsworth, CA 91311

$12,700,000 Sold Price as of 05/03/2022
  • 52 Beds
  • 52 Baths
  • 32,134 Sq.Ft.
Sold
$12,700,000 Sold Price as of 05/03/2022 Refinance Your Mortgage
Map preview of 10247 Variel Ave, Chatsworth, CA 91311

Property Overview: 10247 Variel Ave Chatsworth, CA has 52 bedrooms, 52 bathrooms, 32,134 living square feet and 22,449 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This subject property is the most luxuries brand NEW 2022 construction of 32 unit’s apartment complex in prime location of Chatsworth, city of LOS ANGELES. This 2022 constructed building has pristine units and an incredible large size unit’s mix. The property boasts, TWENTY units of 2 bedrooms, 2 bathrooms. TWLEVE units of 1 bedroom, 1 bathroom. The densely populated location ensures expeditious lease up and the luxurious units allow for tenant comfort and investor stability. The area has undergone a major economic renaissance during the past decade with development as the driving force. The new apartment and mixed use developments in the immediate area have provided an overwhelming increase in the demand for high end rental units and retail. Tenants have amenity of; assigned covered secured parking ground level, 32 washer and dryer in all units, 6 refrigerators in selected units, 9 electric car chargers for additional rent income, internet access, fully loaded stainless appliances, quartz counter tops, elegant modern cabinetry, wood look flooring throughout, Central air and heat, all separated metered water, power and gas, security control access entry from each units, security camera system in all floors, and there is a pristine inviting entryway with the elevator and management office. PLEASE REVIEW 3 SUPPLEMENTAL ATTACHED INCLUDING: OM, RENT ROLL, CAP RATE AND ARCHITECTURAL PLAN.

Listed by Alfred Tavari | BRE #01290392 | Allstate Realty
Last checked: 4 minutes ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 63

Home details

Lot Sq. Ft
22,449
HOA Dues
$0/mo
Year built
2022
Garage
57 Car
Property Type:
Multi Family
Status
Sold
MLS#
SR22022464
City
Chatsworth
County
Los Angeles
Time on Site
805 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 32
  • Total # of Buildings: 1
  • # of Electric Meters: 33
  • # of Gas Meters: 32
  • # of Water Meters: 33
Unit Breakdown 1
  • # of Units: 20
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 36
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $45,422
Unit Breakdown 2
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 12
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $21,111
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.51%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $823,596
  • Net Operating Income: $584,126
  • Gross Operating Income: $803,596
  • Vacancy Allowance: $20,000
Annual Expense Breakdown
  • Total Operating Expense: $219,470
  • Electric: $4,800
  • Licenses: $2,400
  • New Taxes: $161,870
  • Trash: $5,000
  • Cable TV: $2,400
  • Gardener: $2,400
  • Insurance: $9,000
  • Professional Management: $27,000
  • Water/Sewer: $3,600

Property Details for 10247 Variel Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, In Closet, Washer Included
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One, Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 57
  • # of Parking Spaces: 57
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 32
  • Parcel Number: 2747005022
  • Year Built Source: Seller
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Association Amenities: Cable TV, Trash, Controlled Access
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Devonshire
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Chatsworth Agent

Sale History for 10247 Variel Ave

Last sold for $12,700,000 on May 3rd, 2022

  • April, 2022

  • Apr 23, 2022

    Date

    Pending

    CRMLS: SR22022464

    $12,750,000

    Price

  • February, 2022

  • Feb 4, 2022

    Date

    Active

    CRMLS: SR22022595

    $2,600

    Price

  • Listing provided courtesy of CRMLS

    This subject property is the most luxuries brand new construction of 32 unit’s apartment complex in prime location of Chatsworth, city of LOS ANGELES. This 2022 constructed building has pristine units and an incredible large size unit’s mix. The property boasts, TWENTY units of 2 bedrooms, 2 bathrooms. TWLEVE units of 1 bedroom, 1 bathroom. . Tenants have amenity of; assigned covered secured parking ground level, washer and dryer in all units, internet access, fully loaded stainless appliances, quartz counter tops, elegant modern cabinetry, wood look flooring throughout, Central air and heat, all separated metered water, power and gas, security control access entry from each units, security camera system in all floors, most unit with large balcony, and there is a pristine inviting entryway with the elevator and management office

  • February, 2022

  • Feb 4, 2022

    Date

    Active

    CRMLS: SR22022577

    $1,950

    Price

  • Listing provided courtesy of CRMLS

    This subject property is the most luxuries brand new construction of 32 unit’s apartment complex in prime location of Chatsworth, city of LOS ANGELES. This 2022 constructed building has pristine units and an incredible large size unit’s mix. The property boasts, TWENTY units of 2 bedrooms, 2 bathrooms. TWLEVE units of 1 bedroom, 1 bathroom. Tenants have amenity of; assigned covered secured parking ground level, washer and dryer in all units, internet access, fully loaded stainless appliances, quartz counter tops, elegant modern cabinetry, wood look flooring throughout, Central air and heat, all separated metered water, power and gas, security control access entry from each units, security camera system in all floors, most unit with large balcony and there is a pristine inviting entryway with the elevator and management office.

  • January, 2018

  • Jan 25, 2018

    Date

    Sold (Public Records)

    Public Records

    $775,000

    Price

  • July, 2012

  • Jul 9, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 10247 Variel Ave

Assessed Value (2020): $806,309
Year Land Value Improved Value Assessed Value
2020 $640,366 $165,943 $806,309

Home Value Compared to the Market

This property vs the competition

10247 Variel Ave sold on May 3, 2022 for 1285.03% higher than the current median sold price for the city of Chatsworth which is $935,000. The median sold price per/sqft for Chatsworth is $484 and this home is sold at $403 per/sqft which puts the price per square foot 16.74% lower than the current median sale per square foot for the city of Chatsworth.

About 10247 Variel Ave

Detailed summary of property

10247 Variel Ave is a multi family that recently sold in Chatsworth, CA 91311. This multi family property offered 52 bedrooms, 52 bathrooms, roughly 32,134 living square feet, and sits on an approximately 22,449 square foot lot. 10247 Variel Ave was first listed on ArdentRealEstateGroup.com on February 4, 2022. The homeowner sold the property for $12,700,000. Home in Chatsworth are selling for a median price of $935,000 and a median price per square foot of $484. Based on Ardent Real Estate Group's Chatsworth Market Data, this home is sold 1285.03% higher than the current median priced home. Local homes that are currently for sale include 4005 Seashore. While the average home in Chatsworth, CA is selling in 74 days, 10247 Variel Ave has a days on market of 63 days. There are currently 91 homes for sale in the Chatsworth real estate market and 65 of them are single family homes while 9 of them are condos and 17 are townhomes. For more information on this home for sale at 10247 Variel Ave Chatsworth, CA 91311 contact Ardent Real Estate Group and we will put you in touch with one of our Chatsworth agents.

Public Facts for 10247 Variel Ave

Public county record property details
Beds
2
Baths
2
Year built
1926
Sq. Ft.
1,316
Lot Size
22,498
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
185
APN
2747-005-022

The source for these homes facts are from public records.

91311 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,100,000
Median List Price/Sq.Ft.
$470
Median Sold Price
$935,000
Median Sold Price/Sq.Ft.
$484
Total Inventory
89
Median Sale to List Price %
104%
Avg Days on Market
28
Loan Type
Conventional (73.91%), FHA (0%), VA (0%), Cash (4.35%), Other (17.39%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 10247 Variel Ave

Nearby Homes for Sale

1005 N Croft Ave, Los Angeles, CA 90069
$13,950,000
30 Beds
30 Baths
19320 Sq.Ft.
1005 N Croft Ave
Los Angeles, CA 90069
1633 N Laurel Ave, Los Angeles, CA 90046
$10,900,000
42 Beds
32 Baths
29283 Sq.Ft.
1633 N Laurel Ave
Los Angeles, CA 90046
1903 Orchid Ave, Los Angeles, CA 90068
$12,700,000
18 Beds
14 Baths
10573 Sq.Ft.
1903 Orchid Ave
Los Angeles, CA 90068
1920 S Robertson Blvd, Los Angeles, CA 90034
$14,000,000
37 Beds
32 Baths
21997 Sq.Ft.
1920 S Robertson Blvd
Los Angeles, CA 90034
1215 N Sycamore Ave, Los Angeles, CA 90038
$12,300,000
47 Beds
43 Baths
27640 Sq.Ft.
1215 N Sycamore Ave
Los Angeles, CA 90038
1318 N Mansfield Ave, Los Angeles, CA 90028
$12,150,000
32 Beds
32 Baths
20590 Sq.Ft.
1318 N Mansfield Ave
Los Angeles, CA 90028
5026 Rosewood Ave, Los Angeles, CA 90004
$11,950,000
50 Beds
45 Baths
31506 Sq.Ft.
5026 Rosewood Ave
Los Angeles, CA 90004
3043 S La Brea Ave, Los Angeles, CA 90016
$14,000,000
0 Beds
0 Baths
0 Sq.Ft.
3043 S La Brea Ave
Los Angeles, CA 90016
435 N Euclid Ave, Pasadena, CA 91101
$14,800,000
48 Beds
46 Baths
25347 Sq.Ft.
435 N Euclid Ave
Pasadena, CA 91101
1728 N Sierra Bonita Ave, Pasadena, CA 91104
$10,980,000
22 Beds
27 Baths
0 Sq.Ft.
1728 N Sierra Bonita Ave
Pasadena, CA 91104
2611 E Broadway, Long Beach, CA 90803
$12,995,000
61 Beds
58 Baths
28010 Sq.Ft.
2611 E Broadway
Long Beach, CA 90803
283 Avocado St, Costa Mesa, CA 92627
$12,000,000
35 Beds
31 Baths
14159 Sq.Ft.
283 Avocado St
Costa Mesa, CA 92627

Recently Sold Homes Near 10247 Variel Ave

20600 Hartland St, Los Angeles, CA 91306
$1,215,000 Last Sold Price
10 Beds
6 Baths
4650 Sq.Ft.
20600 Hartland St
Los Angeles, CA 91306
16609 Vanowen St, Los Angeles, CA 91406
$3,600,000 Last Sold Price
19 Beds
20 Baths
13608 Sq.Ft.
16609 Vanowen St
Los Angeles, CA 91406
16019 Vanowen St, Los Angeles, CA 91406
$1,230,000 Last Sold Price
8 Beds
6 Baths
4184 Sq.Ft.
16019 Vanowen St
Los Angeles, CA 91406
15436 Vanowen St, Los Angeles, CA 91406
$3,120,000 Last Sold Price
24 Beds
16 Baths
11954 Sq.Ft.
15436 Vanowen St
Los Angeles, CA 91406

Related Resources to 10247 Variel Ave

New Listings in 91311
Popular Zip Codes
Popular Cities
Other Chatsworth Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Refi Quote