7716 Owensmouth Avenue,
Home For Sale
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 $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 unit, private fenced yards for each unit, a large covered patio, covered parking for the 2-bedroom unit, ample parking for the main house, and an expansive entertainers backyard with storage sheds. Conveniently located near the Warner Center, freeways, shopping, and restaurants, this property is a rare find. Dont miss o
Property Details
Additional Information
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- County:
- Los Angeles
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- Zip:
- 91304
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- MLS® #:
- CV24096880
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- Bedrooms:
- 5
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- Lot Size:
- 0.36
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- Neighborhood:
- CANOGA PARK (91304)
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Listing information last updated on August 18th, 2024 at 10:01am PDT.