Townhome-Style 20-Unit Apartment
For Sale
$5,160,000
9015 Owensmouth Ave, Canoga Park, CA 91304
LAR3-zoned, townhome-style 20-unit apartment community built in 1972 on an Opportunity Zone lot.
Property Size24,500 SF
Lot Size1.10 Acres
Price / SF$210.61
Days on Market121
Property Features for 9015 Owensmouth Ave
General Information
Standard status
Active
Size
24,500 SF
Lot size
1.10 Acres
Property subtype
MULTI_FAMILY
Zoning
LAR3
Net Operating Income
$299,000
Financials
Asking Price
$5,400,000
Cap Rate
5.79%
Gross Rent Multiplier
9.97
Opportunity Zone
Yes
Units
Unit Mix
10 x 4BR/2BA, 10 x 3BR/1.5BA
Multifamily Units
20
Additional Details
Highway Access
Yes
Building Details
Building Size
24,500 SF
Year Built
1972
Construction
townhome-style
Listing Agency:
Matthews Real Estate Investment Services
(310) 365-5054
Listed By:
Daniel Withers · License #01325901
Source:
Frontgaterealestate
Added: Apr 2
Changed: Jul 31
Last Checked: Jul 31 at 6:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services
Investment Insights
Based on property information with market context.
Townhome-style multifamily community featuring 20 apartment units in a two-story layout with large “townhome-style” floorplans. The unit mix consists of ten 4+2 units and ten 3+1.5 units, totaling 24,500 SF. Built in 1972, the property presents value-add and expansion opportunities through in-place renovation, additional dwelling units, and future redevelopment planning.
The community sits on a 1.10-acre lot zoned LAR3 and located within an Opportunity Zone. The site is positioned just off Topanga Canyon Blvd near Warner Center, CSUN, and Westfield Topanga, with access to the 101 and 118 freeways and major employment hubs.
Current operations show an indicated ~41% rental upside to market based on in-place versus market rent levels. Expansion and development possibilities include immediate ADU potential for up to 13 additional units through conversion and detached ADUs, with by-right development potential for approximately 60 units, and up to 102 units achievable with Tier 3 TOC incentives.
The community sits on a 1.10-acre lot zoned LAR3 and located within an Opportunity Zone. The site is positioned just off Topanga Canyon Blvd near Warner Center, CSUN, and Westfield Topanga, with access to the 101 and 118 freeways and major employment hubs.
Current operations show an indicated ~41% rental upside to market based on in-place versus market rent levels. Expansion and development possibilities include immediate ADU potential for up to 13 additional units through conversion and detached ADUs, with by-right development potential for approximately 60 units, and up to 102 units achievable with Tier 3 TOC incentives.
Key Highlights
- Townhome‑style 20‑unit apartment community on a 1.10‑acre LAR3 lot in an Opportunity Zone
- Ten 4+2 units and ten 3+1.5 units totaling 24,500 SF
- Built in 1972 townhome‑style multifamily with renovation and repositioning potential
Property Analytics
Current Use
Lease Details
20
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,599
Businesses Nearby
Explore this area
Business Placement
Demographics for 91304, CA
52,386
Population
18,875
Households
2.8
Avg Household Size
39
Median Age
34%
College-Educated
83%
High-School Grad
9.7 sq mi
ZIP Area
5,401
Density / Sq Mi
$82,289
Median Household Income
$41,270
Median Earnings
$1,927
Median Rent
$847,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - LAR3-zoned, townhome-style 20-unit apartment community built in 1972 on an Opportunity Zone lot.
Where is this apartment building located?
The property is located at 9015 Owensmouth Ave Canoga Park, CA.
What is the asking price?
The asking price for this property is $5,160,000.
What are key features of this property?
This property features: Townhome‑style 20‑unit apartment community on a 1.10‑acre LAR3 lot in an Opportunity Zone; Ten 4+2 units and ten 3+1.5 units totaling 24,500 SF; Built in 1972 townhome‑style multifamily with renovation and repositioning potential
