9015 Owensmouth Avenue
Canoga Park, CA 91304
70
Bed
0
Bath
24,500Sqft
48,132Sqft(Lot)
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 Topang
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 70Bathroom Information
Total Baths: 40 Full Baths: 0 Half Baths: 0
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Building Information
Year Built: 1972 Building Area Total: 24,500
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 1.105 -
Lot Size Source: Other Lot Size Square Feet: 48132
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Listing Price Information
Original List Price: 5,400,000 Listing Contract Date: 2026-04-02 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 2779020042
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Garage and Parking
Garage Description: AssignedHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: CP - Canoga Park Directions: North of Osborne, South of Nordhoff Zoning: LAR3 Source Property Type: Residential Income Area: CP - Canoga Park -
Building and Construction
Property Age: 54 Year Built Source: Other Total Square Feet Living: 24500 Levels or Stories: Multi/Split
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 20957 Community St., Canoga Park, CA, 91304 | $849,000 | 3 | 2 | 1,552 | 1,552 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 | $239,000 | 2 | 2 | 980 | 980 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 Avenue #35, Canoga Park, CA, 91304 | $219,801 | 2 | 2 | 1,440 | 1,440 SqFt |
| 21025 Blythe Street, Canoga Park, CA, 91304 | $849,900 | 3 | 2 | 1,383 | 1,383 SqFt |
| 21000 Elkwood, Canoga Park, CA, 91304 | $880,000 | 3 | 2 | 1,593 | 1,593 SqFt |
| 8137 Variel, Canoga Park, CA, 91304 | $764,900 | 3 | 2 | 1,324 | 1,324 SqFt |
| 8811 Canoga Park Avenue.., Canoga Park, CA, 91304 | $185,000 | 2 | 2 | 1,440 | 1,440 SqFt |
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ByOwner last updated this listing 06/22/2026 @ 21:18
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