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- MLS#SR20169462
- TypeLand
- CountyLOS ANGELES
- CityCanoga Park
- AreaCanoga Park
- Zip91303
- Style
- Price$ 2,195,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.69 Acres
Listing Provided Courtesy Of:
Kevin Pike with Coldwell Banker Greater Valleys.
Property Description
Amazing opportunity to own five detached homes in a centralized residential area of Canoga Park. This 30,000 sq foot rectangular flat lot includes five detached homes. Each home, of almost 1,000 sq feet, features three bedrooms, one bath with separate meters for all utilities and individual private yards.. Hook-ups for washers and dryers exist in separate rooms, which may potentially be converted into second bathrooms. Ample parking for 18 cars, with six covered spaces, and an excess of green space. This property is well suited for a huge upside potential. As per LAR1 zoning the buyer may be able to build one additional ADU and a junior ADU to increase total the total rental count to seven. Also, with the proper city permits it may be possible to sub-divide t his property into five lots, each with a main unit, a junior ADU and a larger two-story ADU, which may greatly increase the current CAP rate. Current rentals total $10,900 monthly for the five current units, with expenses totally approx $24,240 per year. Proforma rent is about $12,000 per month.Offers subject to interior inspections.
Price History | |
---|---|
8/20/2020 | Listed $2,195,000 |
General Features
Community Features | Storm Drains, Street Lights, Suburban |
---|---|
Directions | North of Vanowen, South of Sherman Way, West of DeSoto |
HOA Fee | 0.00 |
Listagentaor | Southland |
Listing Agent | Kevin Pike - BRE#01990544 |
Listing Agent State License | 01990544 |
MLS Area | CP - Canoga Park |
Price Per Square Foot | 73.16 |
Source System | CRMLS |
Special Listing Conditions | Standard, Trust |
View | Neighborhood |
Zoning | LAR1 |
Exterior Features
Lot Features | 0-1 Unit/Acre, Lot 20000-39999 Sqft, Rectangular Lot, Level, Near Public Transit, Yard |
---|---|
Lot Size Acres | 0.6888 |
Lot Size Area | 30004.0000 |
Lot Size Source | Assessor |
Lot Size Square Feet | 30004.00 |
Lot Size Units | Square Feet |
Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool