20957 Community Street, Canoga Park, CA 91304
20957 Community Street, Canoga Park, CA 91304
20957 Community Street, Canoga Park, CA 91304
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Mance Rieder

Mance Rieder

+1(858) 779-0823
$1,299,000
Est. payment /mo
3 Beds
2 Baths
1,552 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,552 sqft

Price per Sqft $836

MLS Listing ID SR26146133

Bedrooms 3

Full Baths 2

Year Built 1950

Lot Size 8,623 Sqft

Property Sub-Type Detached

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 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 e

Location

State CA

County Los Angeles

Direction North of Roscoe, West of De Soto

Interior

Heating Forced Air Unit

Cooling Central Forced Air

Fireplaces Type FP in Family Room

Fireplace No

Exterior

View Y/N Yes

Water Access Desc Public

View Neighborhood, Trees/Woods

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Senior Community No

Tax ID 2779006029

Acceptable Financing Cash, Conventional, Exchange, FHA, Cash To Existing Loan, Cash To New Loan

Listing Terms Cash, Conventional, Exchange, FHA, Cash To Existing Loan, Cash To New Loan

Special Listing Condition Standard

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MLS Router / San Diego MLS
Listed by John Tran, DRE#02034622 Luxury Collective 
Mance Rieder

Mance Rieder

Broker Associate | License ID: 02050930

+1(858) 779-0823

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20957 Community Street