7220 Owensmouth Ave
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7220 Owensmouth Ave
0.47 Acres of Commercial Land Offered at $3,500,000 in Canoga Park, CA 91303
Investment Highlights
- 0.47 AC Lot Zoned C2 in the heart of the west San Fernando Valley, minutes from Warner Center
- Covered Land Play with Income in Place
- Tier 3 TOC and Qualified Opportunity Zone
- Incredible Opportunity for Multifamily, Self Storage, and More
Executive Summary
HUGE price reduction! Incredible opportunity to pick up an existing property with over $200/k/yr in gross rents! Enjoy income while getting entitlements to build. Tier 3 TOC and Qualified Opportunity Zone. Build up to 51 multifamily units by right or 87 units with density bonuses. Amazing location adjacent to Warner Center.
Property Facts
| Price | $3,500,000 | Property Subtype | Commercial |
| Sale Type | Owner User | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.47 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $3,500,000 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.47 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $3,500,000 | Lot Size | 0.47 AC |
| Price Per AC | $7,446,809 |
| Price | $3,500,000 |
| Price Per AC | $7,446,809 |
| Lot Size | 0.47 AC |
0.47 AC lot in Canoga Park, city of Los Angeles. Rectangular lot near the corner of Owensmouth Ave and Sherman Way.
Description
Two story office 83% occupied with all month to month leases in place.
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Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 2111-019-009 | Improvements Assessment | $875,653 |
| Land Assessment | $818,824 | Total Assessment | $1,694,477 |
PROPERTY TAXES
Parcel Number
2111-019-009
Land Assessment
$818,824
Improvements Assessment
$875,653
Total Assessment
$1,694,477
zoning
| Zoning Code | C2 (Zoned [Q]C2-1VL-CDO - per City Planning, Q should have no impact on buildability, buyer to verify.) |
| C2 (Zoned [Q]C2-1VL-CDO - per City Planning, Q should have no impact on buildability, buyer to verify.) |
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7220 Owensmouth Ave
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