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$1,149,998
35 Days Online

7716 Owensmouth Avenue
Canoga Park, CA 91304

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by Luis Sanchez of LUIS SANCHEZ, BROKER ?
Call Now: (619) 353-5888
Is this the home for you? We can help make it yours.
(619) 353-5888
7716  Owensmouth Avenue7716  Owensmouth Avenue7716  Owensmouth Avenue7716  Owensmouth Avenue
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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 entertainers backyard with storage sheds. Conveniently located near the Warner Center, freeways, shopping, and restaurants, this property is a rare find. Dont 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!

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Listing Snapshot
Price 
$1,149,998
Days Online 
35 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3589 Acres
Year Built 
N/A
MLS® Number 
CV24096880
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
3 weeks agoPrice changed to $1,149,998
3 weeks agoPrice changed to $1,148,999
a month agoListing first seen online
General Features
Terms 
Exchange
Stories 
1 Story
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Exterior Features
Pool 
N/K
Listed by Luis Sanchez of LUIS SANCHEZ, BROKER ?



This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2024 San Diego MLS®.

Data last update at 2024

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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