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listing
1 of 19
Single FamilyFor Sale
$1,325,000
7716 Owensmouth Avenue
Canoga Park, CA 91304
Listed by Heather Schmitt DRE#02026142 [email protected] Equity Union
MLS: California Regional MLS (CRMLS)
5Beds
3Baths
1,848Sq Ft
Est. Mortgage
$6,939/mo

Calling all INVESTORS & PROPERTY DEVELOPERS!! Opportunity Knocks with this unique Canoga Park property! So much potential and opportunity with this cash cow. 2 existing rental units with 2 separate addresses, approved plans RTI for a 2 story ADU sitting on a huge 15,629 sqft gated lot with a horseshoe drive. The main house is a spacious 3 bed + 2 bath. It features roughly 1500 sqft of living space including living room, bonus room, kitchen with granite countertops, a master bedroom with attached master bath, 2 additional bedrooms plus another full bath and large covered back patio. The attached existing ADU consists of 2 beds and 1 bath roughly 500 sqft. Seller has approved plans RTI to convert the existing ADU to Jr. ADU and then build a brand new detached 2-story ADU consisting of roughly 1,200 sqt and 3bed + 2bath. New owner will assume the current solar lease and existing tenants. Tenants are solid and the owner has never had any issues collecting rent. Current monthly rent is roughly $6500 with projected monthly income of roughly $11,000/month with the construction of the 2nd ADU. All utilities including the monthly solar lease payment are paid by the tenants. Amenities include central air, gated and secure property, laundry hook-ups for each unit, private fenced back and front yards for each unit, large, covered patio, covered parking for the 2-bedroom unit and ample uncovered parking for the main house and a huge entertainer’s backyard with additional storage sheds. This home is centrally located and close to the Warner Center, freeways, lots of shopping, and restaurants. All information is deemed to be accurate but shall not be relied upon without verification. Accuracy of square footage, lot size, and other information is not guaranteed the buyer to verify all information. Buyer to cooperate with seller's 1031 exchange at no cost to the buyer.

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Information courtesy of Equity Union is subject to verification and is not guaranteed.
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