9015 Owensmouth AVE, Canoga Park, CA 91304
9015 Owensmouth AVE, Canoga Park, CA 91304
9015 Owensmouth AVE, Canoga Park, CA 91304
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$5,800,000
Est. payment /mo
70 Beds
40 Baths
24,500 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 24,500 sqft

Price per Sqft $236

MLS Listing ID 26672753

Bedrooms 70

HOA Y/N No

Year Built 1972

Lot Size 1.105 Acres

Property Description

9015 Owensmouth Ave 20-Unit Townhome-Style Asset on 1.10 AcresThis is a rare deal that offers both strong in-place cash flow and significant upside through renovation, ADUs, and future redevelopment.Key Highlights:Key Highlights:* 20-unit apartment community (1972) with large townhome units: (10) 4+2 and (10) 3+1.5 totaling 24,500 SF * Current NOI of approximately $289K with ~46% rental upside to market * Offered at $5.8M (~5% cap, $290K/unit, $236/SF, 11.23 GRM) * Situated on a rare 1.10-acre LAR3-zoned lot in an Opportunity ZoneValue-Add + Development Upside:* Immediate ADU potential: up to 13 additional units (conversion + detached) * By-right development potential of ~60 units* Up to ~102 units achievable with Tier 3 TOC incentives Location Fundamentals:* Positioned just off Topanga Canyon Blvd near Warner Center, CSUN, and Westfield Topanga* Strong rental demand with market rents significantly above current in-place rents* Excellent access to the 101 & 118 freeways and major employment hubsThis is an ideal opportunity for an investor looking to:*Execute a classic value-add strategy with mark-to-market rents*Add ADUs for yield expansion*Or land bank for future high-density redevelopment

Location

State CA

County Los Angeles

Area Cp - Canoga Park

Zoning LAR3

Interior

Fireplace No

Exterior

Parking Features Assigned

Total Parking Spaces 40

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 2779020042

Special Listing Condition Standard

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Listed by Daniel Withers Matthews Real Estate Investment Services #01325901

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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9015 Owensmouth AVE

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