Listing provided courtesy of Matthews Real Estate Investment Services- MLS# 26672753
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Request Info9015 Owensmouth AveCanoga Park, CA 91304
Multi-Family · 70 Beds · 24,500 Sq. ft. | 1.11 Acres$5,400,000
Active
9015 Owensmouth Ave Overview
- Time on Site:
- 88 days
- Visits:
- 0
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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9015 Owensmouth Ave Facts & Features
- Type Multi-Family
- Sq. ft. 24,500
- Price/Sq.ft. $220
- Lot 1.11 Acres
Details
General
Income/Expenses
- Gross Income: 516396
- Net Operating Income: 295922.00
Building Information
- Year Built: 1972
Location/Region
- Country: US
- County Or Parish: Los Angeles
- MLS Area Major: Canoga Park
Tax Information
- Tax Assessed Value: 1957391
General Information
- Disclosures: Other
- Property Type: Residential Income
- Zoning: LAR3
Interior
Beds/Baths
- Bathrooms Total: 40.00
- Bedrooms Total: 70
General Information
- Cooling: Other
- Flooring: Other
- Heating: Other
- Levels: Multi/Split
- Living Area: 24500
- Living Area Source: Other
- Stories: 2
Exterior
Parking Information
- Parking Total: 40
Lot Information
- Lot Size Acres: 1.1050
- Lot Size Area: 48132
- Lot Size Source: Other
- Number Of Buildings: 3
General Information
- Number Of Units Total: 20
- Other Structures: Other
9015 Owensmouth Ave Neighborhood
Community
91304 (CANOGA PARK) Demographics
40
Median Age
5,691
Population Density (per sq. mile)
42%
College Educated
$71,039
Estimated Median Income
9,059
Estimated Total Home Owners
9,046
Estimated Total Renters
50% / 50%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.9015 Owensmouth Ave Monthly Cost
9015 Owensmouth Ave Market Data
Based on the last 30 days in this zip code
$1,028,212
Average List Price
$503
Average Price per Square Foot
19
Properties Sold
70
Average Days on Market
275
Properties for Sale
9015 Owensmouth Ave History
| Date | Value | Agent |
|---|---|---|
| 5/22/2026Source: CRMLS | $5,400,000 -6.9% |
|
| 5/22/2026Source: TheMLS (CLAW) | $5,400,000 -6.9% |
|
| 4/2/2026Source: CRMLS | April 02, 2026 |
|
| 4/2/2026Source: TheMLS (CLAW) | April 02, 2026 |