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  • 9015 Owensmouth Avenue

9015 Owensmouth Avenue, Canoga Park, CA 91304

$5,400,000 Approx. USD 70 beds, 40 baths
24,500 sqft

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Photo of Sue Carr

Sue Carr REALTOR® - Sales Associate 858-353-3242 m
858-792-1017 o
Lic#: 01306138
NRDS ID: 182005892
sue@suecarr.com Text Me
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Lic#: 01306138
NRDS ID: 182005892
sue@suecarr.com Rancho Santa Fe - La Granada Office
6105 La Granada, Suite Q
Rancho Santa Fe, CA 92067
Phone: 760-652-8600
Fax: 858-284-3000
 Rancho Santa Fe - La Granada 6105 La Granada, Suite Q
Rancho Santa Fe, CA 92067
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Daniel Withers | daniel.withers@matthews.com
Lic#: 01325901
Broker: Courtesy of Matthews Real Estate Investment Services
Phone: 818-923-6107

Agent Remarks

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 $295K with ~41% rental upside to market * Offered at $5.4M (~5.48% cap, $270K/unit, $220/SF, 10.43 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 redevelopmentWe're currently scheduling tours and accepting offers. I'd be happy to walk you through the underwriting and different execution strategies depending on your investment goals.Please let me know a good time to connect.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26672753
List price is $5,400,000 Reduced by $400,000 on 5/22/2026
Price: $5,400,000
Beds: 70
Baths: 40
Built in 1972
24,500 sqft
1.11 acres
Lot size: 1.1050
County: Los Angeles
Zoning: LAR3
Parking description: Assigned
MLS area: CP - Canoga Park

Last Updated: 5/22/2026

 Days On Market (DOM): 81

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This listing belongs to the CP - Canoga Park MLS area

Lat/Long: 34.233955, -118.602019.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Sue Carr

Sue Carr REALTOR® - Sales Associate 858-353-3242 m
858-792-1017 o
Lic#: 01306138
NRDS ID: 182005892
sue@suecarr.com Text Me
Call My Cell
Call My Office
Lic#: 01306138
NRDS ID: 182005892
sue@suecarr.com
Rancho Santa Fe - La Granada Office
6105 La Granada, Suite Q
Rancho Santa Fe, CA 92067
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