A rare investment opportunity on an expansive 15,629 SF gated lot in one of Los Angeles most dynamic growth corridors. Behind a private horseshoe drive, the property offers two existing residences with separate addresses, plus ready-to-issue permits for a newly designed 1,200 SF two-story detached ADU delivering a unique combination of immediate income and long-term upside. The primary home features 3 bedrooms, 2 bathrooms, a light-filled living room, bonus room, and an updated kitchen with granite counters. The generous primary suite includes an en-suite bath, with two additional bedrooms and a covered patio ideal for entertaining. An attached 2-bedroom, 1-bath ADU offers approved plans for conversion into a Jr. ADU, further enhancing the property's income potential when paired with the new detached ADU build. The property currently has month-to-month tenants, paying $6,800 per month in rent - with projected gross income of approximately $11,000/month upon completion, this is a cash-flow asset in a prime location equally compelling for investors, developers, and discerning end-users.
For sale
$1,100,000
7716 Owensmouth Ave, Canoga Park, CA 91304
5beds
1,960sqft
Est.:
Residential, Single Family Residence
Built in 1953
0.36 Acres Lot
$-- Zestimate®
$561/sqft
$-- HOA
What's special
Private horseshoe driveGenerous primary suite
- 13 days
- on Zillow |
- 439 |
- 10 |
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