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Don Pelletier

[email protected] +1(858) 336-1114

$ 1,350,000

Est. payment -/mo

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20957 Community Canoga Park, CA 91304

3 Beds

2 Baths

1,552 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 1,552 sqft

Price per Sqft $869

MLS Listing ID SR26140456

Style Traditional

Bedrooms 3

Full Baths 2

Year Built 1950

Lot Size 8,623 Sqft

Property Sub-Type All Other Attached

Property Description

Situated on an approximately 8,616-square-foot lot, this unique SB-9 property is an exceptional opportunity for both income generation and future development. The existing residence, originally constructed in the 1950s, has been thoughtfully divided into two separate units. New rental agreements for each unit generate an estimated gross rental income of approximately $5,150 per month and gross $61,800/annually. Unit One consists of a two-bedroom, one-bathroom residence currently generating $3,200 per month, while Unit Two (best described as a Junior ADU) consists of a one-bedroom, one-bathroom residence currently generating $1,950 per month. The property has almost completed an SB-9 lot split process, to create Parcel A containing approximately 5,149 square feet and Parcel B containing approximately 3,467 square feet. The existing residence is located on what would be Parcel A, while Parcel B offers future development potential subject to buyer investigation and final SB9 approval. Available due diligence materials include tentative parcel maps, correspondence related to the subdivision process, and designer-prepared plans and drawings that have been submitted and stamped through the City approval process. Buyers should be aware that a final park-related fee of approximately $17,000 remains outstanding as part of the SB-9 Lot Split process. Seller is willing to consider a buyers credit toward this fee, or other concessions as part of a negotiated transaction. Seller, as required currently resides on the premises. Seller states that upon payment of this fee the Lot Split wil

Location

State CA

County Los Angeles

Direction Conveniently located just west of the 405 Freeway via Roscoe Boulevard and De Soto Avenue, offering easy access to shopping, dining, and major commuter routes.

Interior

Interior Features Formica Counters

Heating Forced Air Unit

Cooling Central Forced Air

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, N/K, Gas Oven, Gas Range

Exterior

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Underground Utilities, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

View Neighborhood

Porch Concrete

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Senior Community No

Tax ID 2779006029

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Listed by Howard Herron, DRE#01909928 Litchfield Asset Management, Inc

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Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

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Don Pelletier

20957 Community Canoga Park, CA 91304

Key Details

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