9015 Owensmouth, Canoga Park CA 91304 | $5,800,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 48132 Lot Sq Ft
  • Type:
  • Stories: 2
  • Year Built: 1972
  • MLS#: 26672753
  • Community: CP - Canoga Park

Listing provided courtesy of Daniel Withers of Matthews Real Estate Investment Services. Last updated 2026-04-15 08:11:35.000000. Listing information © 2025 SANDICOR.

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 $289K with ~46% rental upside to market * Offered at $5.8M (~5% cap, $290K/unit, $236/SF, 11.23 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 redevelopment

More Details

1.1 Acres
2 Stories

David Piper

Call or Text: 858-525-5007

DRE# 02021985