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Listed by John Tran, DRE #02034622 • Luxury Collective
$ 1,299,000
Est. payment | /mo
3 Beds
2 Baths
1,552 SqFt
$ 1,299,000
Est. payment | /mo
3 Beds
2 Baths
1,552 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,552 sqft
Price per Sqft $836
MLS Listing ID CRSR26146133
Bedrooms 3
Full Baths 2
Year Built 1950
Lot Size 8,623 Sqft
Property Sub-Type Single Family Home
Source California Regional MLS
Property Description
Exceptional SB9 investment and development opportunity on an approximately 8,623 Sq. Ft. corner lot in Canoga Park. The property is in the final stages of an SB9 Urban Lot Split designed to create two separately deeded parcels, offering immediate rental income and outstanding future development potential. The front parcel, 20957 Community St., will consist of approximately 5,174 Sq. Ft. and features a 2-bedroom, 2-bathroom residence plus a converted 2-car garage configured as a 1-bedroom, 1-bath Junior ADU, completed prior to the current owner's purchase. The main residence is currently leased for $3,200 per month through May 2027. Seller states the Junior ADU has an estimated market rental potential of approximately $1,950 per month, for projected gross rental income of approximately $5,150 per month ($61,800 annually). Buyer to verify lease terms, rental income, and market rents. The future rear parcel, 8400 Independence Ave., will consist of approximately 3,450 Sq. Ft. and has already been assigned its own address. The parcel includes an existing approximately 350 Sq. Ft. structure. Seller states approved plans provide for expansion of the existing structure into an approximately 1,500+ Sq. Ft. single-family residence. A new vinyl fence has already been installed along the pro
Location
State CA
County Los Angeles
Area Cp - Canoga Park
Rooms
Family Room Other
Interior
Heating Central Forced Air
Cooling Central AC
Fireplaces Type Family Room
Laundry Other
Exterior
Pool None
View Local/Neighborhood, Forest / Woods
Building
Story One Story
Water District - Public
Others
Tax ID 2779006029
Special Listing Condition Not Applicable
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Kenneth Jamaca
Managing Broker | REALTOR | License ID: 02080040
+1(925) 413-1849 | kenneth@jcastlegroup.com