7716 Owensmouth Avenue, Canoga Park, Los Angeles County, CA, 91304 Los Angeles CA US

Calling all INVESTORS & PROPERTY DEVELOPERS!! Opportunity Knocks with this unique Canoga Park property! So much potential and opportunity with this cash cow. 2 existing rental units with 2 separate addresses, approved plans RTI for a 2 story ADU sitting on a huge 15,629 sqft gated lot with a horseshoe drive. The main house is a spacious 3 bed + 2 bath. It features roughly 1600 sqft of living space including living room, bonus room, kitchen with granite countertops, a master bedroom with attached master bath, 2 additional bedrooms plus another full bath and large covered back patio. The attached existing ADU consists of 2 beds and 1 bath roughly 600 sqft. Seller has approved plans RTI to convert the existing ADU to Jr. ADU and then build a brand new detached 2-story ADU consisting of roughly 1,200 sqt and 3bed + 2bath. New owner will assume the current solar lease and existing tenants. Tenants are solid and the owner has never had any issues collecting rent. Current monthly rent is roughly $6500 with projected monthly income of roughly $11,000/month with the construction of the 2nd ADU.All utilities including the monthly solar lease payment are paid by the tenants .Amenities include: central air, gated and secure property, laundry hook-ups for each unit, private fenced back and front yards for each unit, large covered patio, covered parking for the 2 bedroom unit and ample uncovered parking for the main house and a huge entertainer’s backyard with an additional storage sheds. This home is centrally located and close to the Warner Center, freeways, lots of shopping, and restaurants. All information is deemed to be accurate, but shall not be relied upon without verification. Accuracy of square footage, lot size, and other information is not guaranteed the buyer to verify all information. Buyer to cooperate with seller's 1031 exchange at no cost to the buyer. For more information or to schedule a showing please contact listing agent Heather Schmitt 818-201-8724 or [email protected]

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