7716 Owensmouth Avenue
7716 Owensmouth Avenue
$1,149,998
5
3
1,848
1,848
$622
Description
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...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 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 entertainer’s backyard with storage sheds…. Conveniently located near the Warner Center, freeways, shopping, and restaurants, this property is a rare find. Don’t miss out on this cash cow with immense potential! All information is deemed accurate but not guaranteed. Buyers are advised to verify all details and cooperate with the seller's 1031 exchange at no cost to the buyer. Contact us today to schedule a viewing and explore the possibilities of this exceptional property!
- Listed by Luis Sanchez • DRE #01465682 • Brokerage DRE #01465682 • LUIS SANCHEZ, BROKER • 3232727184
Property Details for 7716 Owensmouth Avenue
Parking Spaces Total
0
Private PoolNo
Total Units2.0
Building TypeAttached
Lot Size SourceAssessor
Living Area1848
Assessor Parcel Number2110-016-014
Property Attached YNtrue
Location
LISTING UPDATED: 06/13/2024 03:46 AM
Property Details for 7716 Owensmouth Avenue
Status | Active |
---|---|
MLS # | CV24096880 |
Days on Market | 24 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1953 |
Lot Size | 0.36 AC / 15,634 SF |
County | Los Angeles County |
Location
Building Information for 7716 Owensmouth Avenue
Stories1Residences-Year Built1953Building Size-Lot Size0.36 AC / 15,634 SF
Payment Calculator
$7,081 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7716 Owensmouth Avenue
Property History for 7716 Owensmouth Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7716 Owensmouth Avenue
Taxable ValueLand$452,767Additions$301,844Total$754,611
Tax Record2023$9,655 ($805 / month)
Home Facts
Beds5Total Finished SqFt1,960 SqFtAbove Grade Finished SqFt1,960 SqFtStories1Lot Size15,629 SqFtStyleSingle Family ResidenceYear Built1953ZoningLARSCountyLOS ANGELESAPN2110-016-014
Schools near 7716 Owensmouth Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Canoga Park Elementary School PublicK to 5 | ||
Christopher Columbus Middle School Public6 to 8 | ||
Canoga Park Senior High School Public9 to 12 | ||
N.E.W. Academy Canoga Park CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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