$899,000
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19350 Lanark Street Reseda, CA 91335
Single Family
Residence
3
Beds
2
Baths
...
Bed/Bath
1,296
Sq. Ft.
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An incredible opportunity for developers and investors, this approximate 10,000 sq. ft. lot comes with approved plans to build a 4-unit property designed for maximum rental income potential. The plans include a main house spanning 2,358 sq. ft. with 4 bedrooms, 3 bathrooms, a 2-car garage, and a lar...ge backyard with a swimming pool, projected to generate $6,000/month in rental income. The second dwelling is planned as a 2-bedroom, 2-bathroom unit with a private yard and an estimated rental income of $3,300/month. Additionally, the plans include two 701 sq. ft. ADUs, each featuring 2 bedrooms, 1 bathroom, private access, and separate backyards, with projected rental income of $3,500/month per unit. Designed with high ceilings and modern layouts, this project offers a total estimated income of $16,300/month once completed. With an estimated construction cost of $750,000, the project delivers a projected 12% cash-on-cash return or an even higher cap rate with financing. This is a rare opportunity to build and capitalize on a lucrative investment opportunity. Plans available upon request.
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MLS#
SR25005652
Property Type
Single Family
Bedrooms
3
Bathrooms
2 Full
Year Built
1954
Square Feet
1,296
sq. ft
Lot Size
0.22
Stories
1.0
Sewer
Public Sewer
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