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20957 Community Street

Canoga Park, CA 91304
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Bed 3

Bed

Bath 2

Bath

SqFt1,552

Sqft

SqFt8,623

Sqft(Lot)

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 $5,1 50 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 proposed property line to physically separate the two future parcels. Seller states all required SB9 agency clearances have been obtained, with only the final approximately $17,000 Park (Quimby) fee remaining before the City records the final parcel map. Upon completion, Seller states the property is expected to be legally divided into two separate parcels, each with its own title deed and Assessor Parcel Number (APN). Buyer to independently verify all permits, approvals, square footage, development potential, fees, timelines, lease information, rental income, and remaining SB9 requirements with the appropriate governmental agencies. A rare opportunity to acquire an income-producing property with substantial entitlement work already completed while offering the opportunity to complete one of Canoga Park's most unique SB9 development projects. Shown by appointment only. Do not disturb occupants.

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Detail Ic Property Details

Property Type : Residential

Price : $1,299,000

AD Id : 87765944

MLS Id : SR26146133

Beds : 3

Lot Size : 8,623 Sqft

Living Area Size : 1,552

Year Built : 1950

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 2 Full Baths: 2
  • Interior Features

    All Bedrooms Down
    Laundry Features: Inside, Outside
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1950
    Stories: 1
    Pool Features: None
    Private Pool: No
    View: Neighborhood, Trees/Woods

  • Lot Information

    Main Square Feet: 8623 Lot Size Acres: 0.198 Lot Size Source: Assessor Lot Size Square Feet: 8,623 Lot Description: Back Yard,Front Yard,Rectangular Lot

  • Listing Price Information

    Listing Price: $1299000
    Original Price: $1249000
    Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA

  • Tax Information

    Parcel Number: 2779006029 Tax Lot: 6

  • Location Information

    Direction: North of Roscoe, West of De Soto WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
7942 De Soto Avenue, Canoga Park, CA, 91304 $899,000 4 2 1,674 1,674 SqFt
8501 Browns Creek Ln, Canoga Park, CA, 91304 $999,000 5 3 2,853 2,853 SqFt
8800 Eton Avenue #31, Canoga Park, CA, 91304 $229,000 2 2 980 980 SqFt
20959 Strathern, Canoga Park, CA, 91304 $935,000 5 3 2,125 2,125 SqFt
7702 De Soto, Canoga Park, CA, 91304 $900,000 2 1 1,383 1,383 SqFt
8801 Eton Avenue #64, Canoga Park, CA, 91304 $289,801 2 2 1,000 1,000 SqFt
8801 Eton #123, Canoga Park, CA, 91304 $399,900 2 2 --
8801 Eton, Canoga Park, CA, 91304 $168,999 2 2 1,392 1,392 SqFt
8801 Eton Avenue #35, Canoga Park, CA, 91304 $219,801 2 2 1,440 1,440 SqFt
20958 Hemmingway Street, Canoga Park, CA, 91304 $879,000 3 3 1,564 1,564 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/24/2026 @ 22:52

MLS: SR26146133 LISTED BY: John Tran, Luxury Collective 424-395-4841 SOURCE: CRMLS

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