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.
Property Details
Price:
$5,160,000
MLS #:
26672753
Status:
Active
Beds:
70
Baths:
40
Type:
Single Family
Neighborhood:
cpcanogapark
Listed Date:
Apr 2, 2026
Finished Sq Ft:
24,500
Total Sq Ft:
24,500
Lot Size:
48,132 sqft / 1.11 acres (approx)
Year Built:
1972
See this Listing
Schools
Interior
Levels
S
Exterior
Parking Spots
40
Parking Total
40
Financial
Map
Community
- Address9015 Owensmouth AV Canoga Park CA
- CityCanoga Park
- CountyLos Angeles
- Zip Code91304
Market Summary
Current real estate data for Single Family in Canoga Park as of Jul 24, 2026
79
Single Family Listed
49
Avg DOM
262
Avg $ / SqFt
$736,864
Avg List Price
Property Summary
- 9015 Owensmouth AV Canoga Park CA is a Single Family for sale in Canoga Park, CA, 91304. It is listed for $5,160,000 and features 70 beds, 40 baths, and has approximately 24,500 square feet of living space, and was originally constructed in 1972. The current price per square foot is $211. The average price per square foot for Single Family listings in Canoga Park is $262. The average listing price for Single Family in Canoga Park is $736,864.
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Courtesy of Matthews Real Estate Investment Services. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.9015 Owensmouth AV
Canoga Park, CA