Unparalleled Investment Opportunity in Canoga Park! Live, Rent, and Develop!.... Attention Investors & Property Developers! This unique Canoga Park property offers an incredible investment opportunity with endless potential. Nestled on a sprawling 15,629 sqft gated lot with a convenient horseshoe drive, this property boasts two existing rental units, each with separate addresses, and approved RTI plans for an additional 2-story ADU. The main house is a spacious 3 bed + 2 bath, featuring a living room, bonus room, and kitchen with granite countertops. The master bedroom has an en-suite bath, plus there are two additional bedrooms, another full bath, and a large covered back patio. The attached ADU includes 2 beds and 1 bath, with approved plans to convert it to a Jr. ADU and build a brand-new detached 2-story ADU with 3 beds + 2 baths, approximately 1,200 sqft…. Live in one unit and rent out the others, or create a multigenerational living space! The current tenants are reliable, with a monthly rent of approximately $6500 and projected monthly income of around $11,000 with the new ADU. The new owner will take over the existing solar lease, ensuring a seamless transition. Property features include central air conditioning, gated and secure premises, laundry hook-ups for each
MLS #
CRCV24096880
MLS Source
California Regional MLS
Days on Site
35
Buyer's Brokerage Compensation*
2.50
Appliances
Other, Dryer, Washer
Pool
None
Garage/Parking
Other, Garage: 0 Car(s)
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | – | 2 |
7716 Owensmouth Ave is a Duplex in Canoga Park, CA 91304. This – square foot property sits on a 15,634 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,149,998 and was built in 1953.
This address can also be written as 7716 Owensmouth Ave, Canoga Park, CA 91304.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of June 13, 2024. For the most current information, please contact Luis Sanchez