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7716 Owensmouth Avenue

Canoga Park, CA 91304
  • $1,325,000
  • STATUS: Active
  • ON SITE: 80 Days
  • ID#: SR22140450
UPDATED: 18 min ago
$1,325,000
  • 5
    BEDS
  • 0.36
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,848
    SQFT
  • $717
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1953
County:

School Ratings & Info

School District:
Listing Agent(s): Heather Schmitt of Equity Union (818-989-2000)


Description

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 entertainers 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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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-24T11:29:16.423. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/130552413
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7716 Owensmouth Avenue Canoga Park, CA 91304

  • Price: $1,325,000
  • Status: Active
  • On Site: 80 Days
  • Updated: 18 min ago
  • ID#: SR22140450
5
Beds
3
Baths
0
½ Baths
0.36
Acres
1,848
SQFT
$717
$/SQFT
1953
Built
Neighborhood:
CP - Canoga Park
County:
Los Angeles
Area:
CP - Canoga Park
School District:
Los Angeles Unified
Property Description
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 entertainers 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.
Exterior Features

Carport Spaces 2 Carport YN Yes Open Parking Spaces 2 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes View Neighborhood View YN Yes

Interior Features

Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Interior Features All Bedrooms Down Main Level Bathrooms 3 Main Level Bedrooms 5

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Garage YN No Land Lease YN No Laundry Features Outside Lease Considered YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New LoanConventional1031 Exchange New Construction YN No Property Sub Type Single Family Residence Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type House Water Source Public Zoning Lars



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-24T11:29:16.423. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Heather Schmitt of Equity Union (818-989-2000)