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9015 Owensmouth Ave
Canoga Park, CA 91304

$5,800,000 USD

Apartments For Sale  •  24,330 SF

Property Details

• Property Type Apartments
• Total Building Size 24,500 SF
• Lot Size 1.1 AC
• Building Class C
• Year Built 1972
• Cap Rate 5.00 %
• Zoning LAR3

40 Transit Score

50 Walk Score

Highlights

20-unit townhome-style multifamily asset with ±24,500 SF on ±1.10 acres in Canoga Park

Current NOI of ±$289,922 and 5% cap rate with significant rental upside

Excellent unit mix: (10) 4+2 and (10) 3+1.5, all townhome style units

Rare ADU opportunity: up to 13 new ADUs possible for value-add upside

Immediate proximity to Westfield Topanga & The Village and major employers

LAR3 zoning in Opportunity Zone with future redevelopment potential up to 102 units

Cap Rate:

5.00 %

Amenities

• Air Conditioning
• Balcony

Public Transportation

Commuter Rail	Drive	Walk	Distance
Chatsworth (Ventura County Line - Southern California Regional Rail Authority (Metrolink))	5 min	-	1.5 mi
Northridge (Ventura County Line - Southern California Regional Rail Authority (Metrolink))	9 min	-	3.8 mi
Airport	Drive	Walk	Distance
Bob Hope	30 min	-	19.6 mi
Los Angeles International	44 min	-	30.5 mi
Long Beach (Daugherty Field)	63 min	-	48.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	35
Type:	Surface
Included in Rent:	Yes