9015 Owensmouth Ave, Canoga Park, CA 91304

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 $295K with ~41% rental upside to market Offered at $5.4M (~5.48% cap, $270K/unit, $220/SF, 10.43 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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