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9015 Owensmouth Ave , Canoga Park, CA 91304
$5,160,000
Est. Payment: $26,059.20/mo
7 Bed
3 Bath
24500 Sqft
Status: active | Days on site: 89
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Chris Heller
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House Description

9015 Owensmouth Ave 20-Unit Townhome-Style Asset on 1.10 AcresThis is a rare deal that offers both strong in-place cash flow and significant upside through renovation, ADUs, and future redevelopment.Key Highlights:Key Highlights:* 20-unit apartment community (1972) with large townhome units: (10) 4+2 and (10) 3+1.5 totaling 24,500 SF * Current NOI of approximately $299K with ~41% rental upside to market * Offered at $5.4M (~5.79% cap, $258K/unit, $210/SF, 9.97 GRM) * Situated on a rare 1.10-acre LAR3-zoned lot in an Opportunity ZoneValue-Add + Development Upside:* Immediate ADU potential: up to 13 additional units (conversion + detached) * By-right development potential of ~60 units* Up to ~102 units achievable with Tier 3 TOC incentives Location Fundamentals:* Positioned just off Topanga Canyon Blvd near Warner Center, CSUN, and Westfield Topanga* Strong rental demand with market rents significantly above current in-place rents* Excellent access to the 101 & 118 freeways and major employment hubsThis is an ideal opportunity for an investor looking to:*Execute a classic value-add strategy with mark-to-market rents*Add ADUs for yield expansion*Or land bank for future high-density redevelopmentWe're currently scheduling tours and accepting offers. I'd be happy to walk you through the underwriting and different execution strategies depending on your investment goals.Please let me know a good time to connect.
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Highlights

Listed by Daniel Withers , 818-923-6107 Matthews Real Estate Investment Services , 866-889-0550. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
1.1

Year Built

1972

County

Los Angeles

Area

CP - Canoga Park

Listing ID

26672753

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:7
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:0

Exterior Features

Lot:No Land Lease
Garage Capacity:40
Zoning:LAR3
Others:2+ Total Units,Has ADU
Parking Features:Assigned
Principal Interest
$26,059
Taxes
$3,290

Home Price

$5,160,000

Loan Details

30 yrs
6.488%

Down Payment

20%
$1,032,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$26,059.20

Principal

Taxes

Principal Taxes HOA Total
Monthly $26,059.20 $3,289.50 $0.00 $29,348.70
Yearly $312,710.39 $39,474.00 $0.00 $352,184.39
Total $9,381,311.70 $1,184,220.00 $0.00 $10,565,531.70

Today's Rates

30 Year

6.49%

20 Year

6.4%

15 Year

5.96%

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Market insight data is pulled from the same city as the listing being viewed (Canoga Park, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-09T06:37:48.000Z

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