714-745-2708

9015 Owensmouth Avenue, Canoga Park, CA 91304

$5,095,000 Approx. USD 70 beds, 40 baths
24,500 sqft

Reduced by $65,000 on 9/24/2026

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Daniel Withers | daniel.withers@matthews.com
Lic#: 01325901
Broker: Courtesy of Matthews Real Estate Investment Services
Phone: 818-923-6107

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26672753

List price is $5,095,000 Reduced by $65,000 on 9/24/2026

Price: $5,095,000

Beds: 70

Baths: 40

Built in 1972

24,500 sqft

1.11 acres

Lot size: 1.1050

County: Los Angeles

Zoning: LAR3

Parking description: Assigned

MLS area: CP - Canoga Park

Last Updated: 9/28/2026

Days On Market (DOM): 179

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This listing belongs to the CP - Canoga Park MLS area

Lat/Long: 34.233955, -118.602019.
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