9015 Owensmouth Avenue, Canoga Park, CA 91304

• 70 beds |
• 40 baths |
• 24,500 sqft

Property Description

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 employment hubsThis is an ideal opportunity for an investor looking to:*Execute a classic value-add strategy with mark-to-market rents*Add ADUs for yield expansion*Or land bank for future high-density redevelopment

Listing Status:

Active

Date Added:

April 2, 2026

Data Last Updated:

April 3, 2026 at 4:16AM

Listing Office:

Matthews Real Estate Investment Services : 866-889-0550

Listing Agent:

Daniel Withers : 818-923-6107

MLS ID:

26672753

Exterior

• Parking: AssignedParking spaces: 40

Construction

• General: 2

Location

• Originating MLS: CRMLS_CL
• County: Los Angeles

Lot

• Zoning: LAR32779020042

Financial

• Source: CRMLS_CL