20957 Community ST Canoga Park, CA 91304
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 1,552 sqft
Price per Sqft $836
MLS Listing ID SR26146133
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1950
Lot Size 8,624 Sqft
Property Sub-Type Single Family Residence
Property Description
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 proposed property line to physically separate the two future parcels.
Seller states all required SB9 agency clearances have been obtained, with only the final approximately $17,000 Park (Quimby) fee remaining before the City records the final parcel map. Upon completion, Seller states the property is expected to be legally divided into two separate parcels, each with its own title deed and Assessor Parcel Number (APN). Buyer to independently verify all permits, approvals, square footage, development potential, fees, timelines, lease information, rental income, and remaining SB9 requirements with the appropriate governmental agencies.
A rare opportunity to acquire an income-producing property with substantial entitlement work already completed while offering the opportunity to complete one of Canoga Park's most unique SB9 development projects.
Shown by appointment only. Do not disturb occupants.
Location
State CA
County Los Angeles
Area Cp - Canoga Park
Rooms
Main Level Bedrooms 3
Interior
Interior Features All Bedrooms Down
Heating Central
Cooling Central Air
Fireplaces Type Family Room
Fireplace Yes
Laundry Inside, Outside
Exterior
Pool None
Community Features Street Lights, Sidewalks
View Y/N Yes
View Neighborhood, Trees/Woods
Private Pool No
Building
Lot Description Back Yard, Front Yard, Rectangular Lot
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 2779006029
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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