9015 Owensmouth Avenue, Canoga Park, CA 91304

Canoga Park
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
9015 Owensmouth Avenue,Canoga Park, CA 91304
$5,800,000
  • 70 Beds
  • 40 Baths
  • 24,500 sq. ft.
  • Multi-family
  • Active
Listed by: daniel withers
Office: matthews real estate investment services
MLS#:26672753
Source:CRMLS

Price summary

  • Price:$5,800,000
  • Price per sq. ft.:$236.73

About this home

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 $289K with ~46% rental upside to market * Offered at $5.8M (~5% cap, $290K/unit, $236/SF, 11.23 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 Topanga Canyon Blvd near Warner Center, CSUN, and Westfield Topanga* Strong rental demand with market rents significantly above current in-place rents* Excellent access to the 101 & 118 freeways and major...

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Home facts

  • Year built:1972
  • Listing ID #:26672753
  • Added:1 day(s) ago
  • Updated:April 02, 2026 at 10:33 PM

Rooms and interior

  • Bedrooms:70
  • Total bathrooms:40
  • Living area:24,500 sq. ft.

Structure and exterior

  • Year built:1972
  • Building area:24,500 sq. ft.
  • Lot area:1.1 Acres

Finances and disclosures

  • Price:$5,800,000
  • Price per sq. ft.:$236.73

Parking

  • Total parking spaces:40
  • Parking description:Assigned
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