7716 Owensmouth Avenue

Canoga Park, CA 91304

$1,149,998
Price
5
Beds
3
Baths
1,848 Sq. Ft.
$622 / Sq. Ft.
1,848
Sq. Ft.
$622
per Sq. Ft.

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!
  1. Listed by Luis Sanchez • DRE #01465682 • Brokerage DRE #01465682 • LUIS SANCHEZ, BROKER • 3232727184

Property Details for 7716 Owensmouth Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1848
Assessor Parcel Number
2110-016-014
Property Attached YN
true

Location

Listing Courtesy of LUIS SANCHEZ, BROKER, Luis Sanchez, DRE #01465682
Add your commute
LISTING UPDATED: 06/13/2024 03:46 AM

Property Details for 7716 Owensmouth Avenue

StatusActive
MLS #CV24096880
Days on Market24
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.36 AC / 15,634 SF
CountyLos Angeles County

Location

Listing Courtesy of LUIS SANCHEZ, BROKER, Luis Sanchez, DRE #01465682
Add your commute

Building Information for 7716 Owensmouth Avenue

Stories1Residences-Year Built1953Building Size-Lot Size0.36 AC / 15,634 SF

Payment Calculator

$7,081 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,276

Property Taxes

$805

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7716 Owensmouth Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $76,800
  • Gross Scheduled Income: $6,400
  • Net Operating Income: $5,965
Expense Details
  • Operating Expense: $345
  • Gardener Expense: $100
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $200
  • Trash Expense: $35
  • Water Sewer Expense: $100
  • Total Expenses: $435
Tax / Assessment Info
  • Tax Tract Number: 25205
  • Tax Census Tract: 1343.06
  • CFD/Mello-Roos Fee: $604
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Dog Park, Hiking, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban, Valley
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, Washer Included
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $3,750
  • Unit Type Total Rent: $3,750
  • Unit Type Pro Forma: 3750
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 7716 Owensmouth Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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7716 Owensmouth Avenue is a multi-family home for sale in Canoga Park, CA 91304. This property was listed for sale on May 20, 2024 by LUIS SANCHEZ, BROKER, it's currently listed at $1,149,998. It has been on the market for a total of 24 days and was last sold on December 13, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Canoga Park Elementary School, Christopher Columbus Middle School and Canoga Park Senior High School. 7716 Owensmouth Avenue is a 5-bed, 3-bath, 1,848 sqft multi-family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LUIS SANCHEZ, BROKER, Luis Sanchez, DRE #01465682

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.