9015 Owensmouth Avenue, Canoga Park, CA 91304
List Price: $5.09M
Listing Status: Active
Original List Price: $5.8M
0Days on Market: 175
70 Bedrooms · 40 Bathrooms · 24,500 sq ft
Property Type: ResidentialIncome
Year Built: 1972
Lot Size: 48,132 sq ft
MLS Number: 26672753
About This Property
9015 Owensmouth Ave | 20-Unit Townhome-Style Asset on 1.10 AcresRare value-add opportunity offering approximately 41% rental upside to market, providing significant potential for NOI growth through mark-to-market rents, while also offering substantial ADU and redevelopment potential.Key Highlights:20-unit townhome-style community totaling approximately 24,500 SF~41% rental upside to market with significant NOI growth potentialCurrent NOI of approximately $299KOffered at $5.095M (~5.88% cap rate; $254,750/unit; $207/SF)Rare 1.10-acre LAR3-zoned lot in an Opportunity ZonePotential for up to 13 additional ADUsPotential for approximately 60 units by-right, with up to ~102 units under Tier 3 TOC incentivesPrime Canoga Park location near Warner Center, CSUN and Westfield Topanga, with convenient access to the 101 and 118 freewaysInvestment Opportunity:Unlock significant value by bringing rents closer to market, adding ADUs, and pursuing the property's longer-term redevelopment potential.
Listing provided by: Daniel Withers DRE #01325901 866-889-0550 daniel.withers@matthews.com, Matthews Real Estate Investment Services
Source: CRMLS, MLS #: 26672753
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