About 9015 Owensmouth Avenue
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 $299K with ~41% rental upside to market * Offered at $5.4M (~5.79% cap, $258K/unit, $210/SF, 9.97 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.
Features of 9015 Owensmouth Avenue
| MLS® # | 26672753 |
|---|---|
| Price | $5,160,000 |
| Bedrooms | 7 |
| Bathrooms | 3.00 |
| Square Footage | 24,500 |
| Acres | 1.11 |
| Year Built | 1972 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 9015 Owensmouth Avenue |
|---|---|
| Area | CP - Canoga Park |
| City | Canoga Park |
| County | Los Angeles |
| Zip Code | 91304 |
Amenities
| Parking Spaces | 40 |
|---|---|
| Parking | Assigned |
| Garages | Assigned |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | Multi/Split |
Additional Information
| Date Listed | April 2nd, 2026 |
|---|---|
| Days on Market | 162 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Daniel Withers |
|---|---|
| Office | Matthews Real Estate Investment Services |