Caritas Corporation Acquires Chatsworth Mobile Home Park For $23M

The Chatsworth Mobile Home Park, located at 21500 Lassen Street in Chatsworth, has been sold in a recent property transaction. The multifamily asset comprises 198 units with an average price per unit (PPU) of $116,162. Spanning over 953,528 square feet, the property was acquired by The Caritas Corporation from the Nowell Family. The sale price of the transaction amounted to $23,000,000, resulting in a price per square foot (PPSF) of $24.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $23,000,000
• Units: 198
• Price per Unit (PPU): $116,162
• Square Footage: 953,528
• Price per Square Foot (PPSF): $24

Tim Ryan, representing Commercial Real Estate Investors, Inc, acted as the seller's representative (SELLER'S REP) in the deal. This successful transaction marks the involvement of The Caritas Corporation as the buyer and the Nowell Family as the seller, showcasing the expertise in the real estate market demonstrated by all parties. The acquisition of the Chatsworth Mobile Home Park presents a promising investment opportunity for The Caritas Corporation in the Chatsworth market.