Address
7716 Owensmouth Avenue, Canoga Park, CA
Price
$ 1,325,000
Property Attributes
  • MLS#SR22140450
  • TypeSingle Family
  • CountyLOS ANGELES
  • CityCanoga Park
  • AreaCanoga Park
  • Zip91304
  • StyleSingle Family Residence
  • Price$ 1,325,000
  • Bedrooms5
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage1848
  • Lot Size0.358792 Acres
Data Source:
California Regional MLS (CRMLS)
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 entertainer’s 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.

Price History
7/5/2022 Listed $1,450,000
8/3/2022 9% - $1,325,000

General Features

Carport Spaces 2
Carport Y/N Yes
Community Features Sidewalks
Cooling Central Air
Finance Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
High School District Los Angeles Unified
Interior Features All Bedrooms Down
Levels One
Listing Agent Heather Schmitt - BRE#02026142
Listing Agent State License 02026142
Lot Size Square Feet 15629
MLS Area CP - Canoga Park
Open Parking Spaces 2
Pool Features None
Property Attached Y/N Yes
Property Sub Type Additional Single Family Residence
Property SubType Single Family Residence
Property Type Residential
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Status Active
Stories 1
Structure Type House
Total Units 2
View Neighborhood
View Y/N Yes
Zoning LARS

Interior Features

3/4 Baths 1
Air Conditioning Y/N Yes
Common Walls 1 Common Wall
Fireplace Features Living Room
Fireplace Y/N Yes
Full Baths 2
Laundry Features Outside
Main Level Bathrooms 3
Main Level Bedrooms 5
Total Baths 3
Total Bedrooms 5

Exterior Features

Living Area 1848
Lot Size Acres 0.3588
Lot Size Area 15629
Lot Size Source Assessor
Lot Size Units Square Feet
Total Parking 4
Water Source Public

Room Details

Room Dimensions Level Flooring Details
Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 91304

Price
AVG $1.3M
$1.33M
Visits
AVG 32
283
Year Built
AVG 1974
1953
Walkscore
AVG 38
67
Data Provided by Walkscore ® not using MLS data