Chatsworth Portfolio of properties for Sale - Western SFV
Positioned at the heart of the highly sought-after Chatsworth submarket, this exceptional three-building portfolio anchors The Gateway at Lassen, a premier retail destination within the City of Los Angeles. Spanning an impressive 15.24 square miles and serving a vibrant population of over 52,000 residents, Chatsworth continues to demonstrate strong demographics and enduring consumer demand.
The Gateway at Lassen commands a substantial footprint of approximately 358,063 square feet (8.22 acres), featuring 142,649 square feet of well-curated retail and fitness space. This dynamic center is home to a powerful mix of nationally recognized and high-performing tenants, including Popeyes Louisiana Kitchen, Togo's Sandwiches, Pizza Guys, Teriyaki Madness, Las Fuentes Mexican Restaurant, Planet Fitness, and Grocery Outlet, alongside complementary service tenants such as J & K Nails. The center benefits from additional traffic drivers, including Starbucks, Jack in the Box, and a Residence Inn by Marriott, further enhancing its position as a dominant neighborhood hub, though these parcels are not included in the offering.
Adding to its forward-thinking infrastructure and income diversification, an 80 kW solar energy system is installed atop Grocery Outlet, producing approximately 100 kW annually. A favorable agreement with the tenant entitles the landlord to 50% of the generated energy value, creating a built-in hedge against rising utility costs. With Los Angeles Department of Water and Power rates projected to continue increasing, this renewable energy component offers meaningful upside and long-term revenue growth.
The asset is further distinguished by a high-profile lease with Tesla, Inc. for a state-of-the-art Supercharging Station located on the Grocery Outlet parcel. This installation features three banks of approximately 48 charging stalls, reinforcing the property’s appeal as a modern, high-traffic destination. Tesla assumes full responsibility for installation, operation, and maintenance, providing both stability and prestige to the tenant roster.
Altogether, The Gateway at Lassen represents a rare opportunity to acquire a strategically positioned, income-generating retail center with best-in-class tenants, embedded growth drivers, and future-forward infrastructure in one of Los Angeles’ most resilient submarkets.
