An incredible opportunity for developers and investors, this approximate 10,000 sq. ft. lot to build a 4-unit property designed for maximum rental income potential. The plans include a main house spanning 2,358 sq. ft. with 4 bedrooms, 3 bathrooms, a 2-car garage, and a large backyard with a swimming pool, projected to generate $6,000/month in rental income. The second dwelling is planned as a 2-bedroom, 2-bathroom unit with a private yard and an estimated rental income of $3,300/month. Additionally, the plans include two 701 sq. ft. ADUs, each featuring 2 bedrooms, 1 bathroom, private access, and separate backyards, with projected rental income of $3,500/month per unit. Designed with high ceilings and modern layouts, this project offers a total estimated income of $16,300/month once completed. With an estimated construction cost of $750,000, the project delivers a projected 12% cash-on-cash return or an even higher cap rate with financing. This is a rare opportunity to build and capitalize on a lucrative investment opportunity. Plans available upon request.
Property Details
Price:
$925,000
MLS #:
SR25058753
Status:
Active
Beds:
3
Baths:
2
Address:
19350 Lanark Street
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
resreseda
City:
Reseda
Listed Date:
Mar 17, 2025
State:
CA
Finished Sq Ft:
1,296
ZIP:
91335
Lot Size:
9,771 sqft / 0.22 acres (approx)
Year Built:
1954
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Schools
School District:
Los Angeles Unified
Interior
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Heating
Forced Air
Exterior
Community Features
Sidewalks, Street Lights
Fencing
Masonry
Garage Spaces
2.00
Lot Features
0-1 Unit/ Acre
Parking Features
Driveway
Parking Spots
2.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
Neighborhood
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address19350 Lanark Street Reseda CA
- AreaRES – Reseda
- CityReseda
- CountyLos Angeles
- Zip Code91335
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19350 Lanark Street
Reseda, CA
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