9015 Owensmouth Ave, Canoga Park, CA 91304
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9015 Owensmouth Ave, Canoga Park, CA 91304
9015 Owensmouth Ave, Canoga Park, CA 91304
9015 Owensmouth Ave, Canoga Park, CA 91304
9015 Owensmouth Ave, Canoga Park, CA 91304
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Drew Smyth

Drew Smyth

+1(323) 762-5987
$ 5,095,000
Est. payment /mo
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Price Dropped by $65K

9015 Owensmouth Ave Canoga Park, CA 91304

70 Beds

40 Baths

24,500 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 24,500 sqft

Price per Sqft $207

MLS Listing ID 26672753

Bedrooms 70

Year Built 1972

Lot Size 1.105 Acres

Acres 1.105

Property Sub-Type Multi-Family

Property Description

Approximately 40% Rental Upside to Market, translating into a 9.82% market cap rate. Significant Mark-to-Market Opportunity. This 20-unit apartment community, built in 1972, features an attractive townhome-style unit mix consisting of ten 4-bedroom/2-bath units and ten 3-bedroom/1.5-bath units. The property sits on approximately 1.10 acres with 24,500 square feet of building area and 40 parking spaces. Zoned LAR3 and located within an Opportunity Zone, the property also offers substantial value-add potential, including the opportunity for up to 13 new ADUs through a combination of conversions, detached construction, and a potential attached ADU. Longer-term redevelopment potential includes approximately 60 units by right and up to 102 units utilizing Tier 3 TOC incentives. Located just off Topanga Canyon Boulevard, the property offers convenient access to Westfield Topanga & The Village, Warner Center, CSUN, Pierce College, Kaiser Permanente Woodland Hills Medical Center, and Northridge Fashion Center. The location provides strong regional connectivity via the Ventura (US-101) and Ronald Reagan (SR-118) Freeways, offering access throughout the San Fernando Valley, Downtown Los Angeles, and Ventura County. The surrounding area benefits from a dense residential base, major employment centers, retail and entertainment amenities, Metro transit access, and continued multifamily and mixed-use development within the Warner Center area.

Location

State CA

County Los Angeles

Area Canoga Park

Zoning LAR3

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Flooring Other

Equipment Other

Exterior

Parking Features Assigned, Other

Garage Spaces 40.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Matthews Real Estate Investment Services

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Drew Smyth
Drew Smyth

Real Estate Agent

+1(323) 762-5987 | drew@smyth-properties.com

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9015 Owensmouth Ave