Discover a truly unique investment opportunity with immense potential. This is a duplex has two seperate buildings and all the bedrooms are seperately rented to one or two individuals with separate leases for the better income. Situated on a lot exceeding 17,500 square feet. This exceptional income property consists of a duplex on a vast lot, featuring indivisualy leased income-producing units at addresses 21055 & 21051. It's a vast canvas awaiting your creative vision. This hidden gem offers the chance to renovate the back house, adding extra charm and value. The property boasts ample open parking, secure gating, and on-site laundry facilities. Enjoy a touch of nature with fruit trees scattered throughout the rear of the property.Ideally located near shopping, dining, theaters, and the 101 and 118 freeways, this isn't just a property; it's an investment brimming with potential, ready for your vision to come to life.
Unparalleled Investment Opportunity in Canoga Park! Live, Rent, and Develop!.... Attention Investors & Property Developers! This unique Canoga Park property offers an incredible investment opportunity with endless 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 spacious 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 approximately $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 the 2-bedroom unit, ample parking for the main house, and an expansive entertainer’s backyard with storage sheds…. Conveniently located near the Warner Center, freeways, shopping, and restaurants, this property is a rare find. Don’t 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 cooperate 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!
7323 Independence Ave. in the City of Canoga Park, CA is a 20 unit apartment building. Onsite laundry and is owned by Owner (Not leased). Tremendous upside in rents. Two Story Apartment Building on 22,603 SF Lot. 3 @ 2+2 and 17 @ 1+1.
7248 Alabama Ave is an exceptional 12-unit value-add apartment complex nestled in the heart of Canoga Park, CA. Constructed in 1990, this property offers an appealing unit mix, featuring (4) One Bedroom, One Bathroom units and (8) Two Bedroom, Two Bathroom Units. Notably, tenants enjoy the luxury of Central Air Conditioning and Heating, ensuring their comfort year-round.One standout feature of this property is its generous and secure parking facilities, providing ample parking spaces for tenants, which is a highly valued amenity in the rental market.Strategically situated just north of the Warner Center, a thriving hub in the Western San Fernando Valley, this property enjoys a highly advantageous location. Its convenience is further underscored by its proximity to Pierce College and Westfield Topanga, making it an attractive choice for potential tenants.Additionally, the surrounding area is enriched with numerous schools and parks, offering residents ample opportunities for recreation and leisure. In terms of transportation, the property is excellently positioned to access public transportation options, making it a well-connected choice for prospective tenants and investors alike.
Canoga Park is located in California.
