$1,100,000 Price Analysis   ♡   Canoga Park, CA 91304 5 bed 3 bath 1,848 SqFt ($595/SqFt) 0.36 acre lot. Built 1953 Listed 2024-05-20, Taxes $9,220 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Unparalleled Investment Opportunity in Canoga Park!
Live, Rent and Develop!. Attention Investors and Property Developers. This unique Canoga Park property offers an incredible investment opportunity with limitless potential. Nestled on a sprawling 15, 629 sqft gated lot with a convenient horseshoe drive, this property boasts two existing rental units, each with separate addresses and approved RTI plans for an additional 2-story ADU. The main house is a vast 3 bed + 2 bath, featuring a living room, bonus room and kitchen with granite countertops. The master bedroom has an en-suite bath, plus there are two additional bedrooms, another full bath and a large covered back patio. The attached ADU includes 2 beds and 1 bath, with approved plans to convert it to a Jr. ADU and build a brand-new detached 2-story ADU with 3 beds + 2 baths, approximately 1, 200 sqft. Live in one unit and rent out the others or create a multigenerational living space!
The current tenants are reliable, with a monthly rent of $6500 and projected monthly income of around $11, 000 with the new ADU. The new owner will take over the existing solar lease, ensuring a seamless transition. Property features include central air conditioning, gated and secure premises, laundry hook-ups for each unit, private fenced yards for each unit, a large covered patio, covered parking for t he 2-bedroom unit, ample parking for the main house and an expansive entertainers backyard with storage sheds. Conveniently located near the Warner Center, freeways, shopping and restaurants, this property is a rare find. Dont miss out on this cash cow with immense potential! All information is deemed accurate but not guaranteed. Buyers are advised to verify all details and coperate with the seller's 1031 exchange at no cost to the buyer. Contact us today to schedule a viewing and explore the possibilities of this exceptional property!
Presented by Luis G.Sanchez at
LUIS SANCHEZ, BROKER.
Property MLS #CV24096880 from CRMLS
Lot Size Acres: 0.3589
Lot Size Source: Assessor
Lot Size Square Feet: 15634
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 200.00
Area: CP - Canoga Park
Source Neighborhood: CP - Canoga Park
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 1
Parcel Number: 2110016014
Postal Code Plus 4: 4812
Trash Expense: 35.00
Zoning: LARS
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $295,926 + $443,890 $739,816 | $9,220 |
| 2021 | $290,124 + $435,187 $725,311 | $9,087 |
| 2020 | $287,150 + $430,725 $717,875 | $9,175 |
| 2019 | $281,520 + $422,280 $703,800 | $8,824 |
| 2018 | $152,898 + $316,778 $469,676 | $5,935 |
| 2017 | $149,900 + $310,567 $460,467 | $5,808 |
| 2016 | $146,961 + $304,478 $451,439 | $5,667 |
| 2015 | $144,754 + $299,905 $444,659 | $5,587 |
| 2014 | $131,700 + $272,300 $404,000 | $5,224 |
| 2013 | $117,000 + $242,000 $359,000 | $4,695 |
| 2012 | $104,000 + $215,000 $319,000 | $4,337 |
| 2010 | $135,793 + $281,338 $417,131 | $5,567 |
| 2009 | $127,219 + $193,988 $321,207 | $4,313 |
| 2009 | $134,779 + $279,236 $414,015 | $4,313 |
| 2008 | $124,725 + $190,185 $314,910 | $4,140 |
| 2007 | $122,280 + $186,456 $308,736 | $4,006 |
$0
CRMLS
Price Changed 2024-07-18
$1,100,000
CRMLS
Price Changed 2024-06-06
$1,149,998
CRMLS
Price Changed 2024-06-05
$1,148,999
CRMLS
Listed for rent 2024-05-20
$3,000
CRMLS
Listed 2024-05-20
$1,149,000
CRMLS
Listing removed 2022-11-26
$1,195,000
CRISNET
Price Changed 2022-11-17
$1,195,000
CRISNET
Price Changed 2022-08-03
$1,325,000
CRISNET
Listed 2022-07-05
$1,450,000
CRISNET
Listing removed 2022-01-25
$0
CRISNET
Listing removed 2019-12-22
$2,300
CRISNET
Listing removed 2019-10-02
$2,900
CRISNET
Listed for rent 2019-05-07
$2,900
CRISNET
Listing removed 2018-10-19
$425,000
CRISNET
Listing removed 2018-10-19
$2,900
CRISNET
Listing removed 2018-10-19
$2,300
CRISNET
Listing removed 2018-05-09
$2,300
CRISNET
Listed for rent 2018-04-23
$2,300
CRISNET
Listing removed 2018-03-16
$2,900
CRISNET
Price Changed for rent 2018-02-27
$2,900
CRISNET
Listed for rent 2018-02-03
$3,000
CRISNET
Sold 2018-01-17
$690,000
Public Record
Listing removed 2013-06-11
$425,000
CRISNET
Listed 2013-06-05
$425,000
CRISNET
Sold 2009-06-01
$419,500
CRISNET
Sold 2002-01-29
$280,000
Public Record
Sold 1987-06-18
$132,000
Public Record
Sold 1975-07-03
$28,500
Public Record
Year Built: 1953
Building Features: 1
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: 1
Property Age: 71
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Structure Type: Duplex
Year Built Source: Assessor
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.