20957 Community ST, Canoga Park, CA 91304
- $1,299,000
- 3
- BD
- 2
- BA
Listed by John Tran, 818-201-7149 from Luxury Collective
(If provided) CoList: from
- List Price
- $1,299,000
- MLS#
- CRSR26146133
- Status
- ACTIVE
- Levels
- One Story
- Bedrooms
- 3
- Total Bathrooms
- 2
- Full Bathrooms
- 2
- Lot Size
- 8,623
- Listing Area
- Cp - Canoga Park
- Year Built
- 1950
Property Description
Exceptional SB9 investment and development opportunity on an approximately 8,623 Sq. Ft. corner lot in Canoga Park. The property is in the final stages of an SB9 Urban Lot Split designed to create two separately deeded parcels, offering immediate rental income and outstanding future development potential. The front parcel, 20957 Community St., will consist of approximately 5,174 Sq. Ft. and features a 2-bedroom, 2-bathroom residence plus a converted 2-car garage configured as a 1-bedroom, 1-bath Junior ADU, completed prior to the current owner's purchase. The main residence is currently leased for $3,200 per month through May 2027. Seller states the Junior ADU has an estimated market rental potential of approximately $1,950 per month, for projected gross rental income of approximately $5,150 per month ($61,800 annually). Buyer to verify lease terms, rental income, and market rents. The future rear parcel, 8400 Independence Ave., will consist of approximately 3,450 Sq. Ft. and has already been assigned its own address. The parcel includes an existing approximately 350 Sq. Ft. structure. Seller states approved plans provide for expansion of the existing structure into an approximately 1,500+ Sq. Ft. single-family residence. A new vinyl fence has already been installed along the pro
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Additional Information
- Acres
- 0.20
- Bedroom Description
- Ground Floor Bedroom
- Cooling System
- Central AC
- Family Room
- Other
- Fireplace Description
- Family Room
- Heating System
- Central Forced Air
- Laundry Facilities
- Other
- Levels
- One Story
- Lot Size
- 8,623
- Neighborhood
- Cp - Canoga Park
- Other Rooms
- Formal Entry
- Pool Description
- None
- Unincorporated Yn
- Yes
- View
- Neighborhood View, Forest / Woods
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