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Exceptional value-add opportunity featuring two homes on one lot with significant upside potential. This versatile property is ideal for investors seeking multiple income streams and future development opportunities. The front residence is a 3-bedroom, 1.5-bath home that was fully renovated in 2020, offering modern finishes and strong rental appeal. The rear unit is a well-maintained 2-bedroom, 1-bath home with washer and dryer hookups and a spacious private backyard, enhancing tenant desirability. Situated on a uniquely configured "L"-shaped lot, the property provides ample space for expansion, with additional land at the rear presenting potential for ADU development or other value-add projects (buyer to verify all possibilities and conduct their own due diligence). With its flexible layout, existing improvements, and development potential, this asset offers a compelling opportunity to increase cash flow, maximize land use, and drive long-term appreciation. Ideal for experienced investors looking to unlock additional value.
Property Type(s):
Residential Income
| Last Updated | 4/24/2026 | Tract | Encanto |
|---|---|---|---|
| Year Built | 1955 | Community | 92114 - Encanto |
| County | San Diego |
Additional Details
| AIR | None |
|---|---|
| AREA | 92114 - Encanto |
| LOT | 0.4442 acre(s) |
| LOT DIMENSIONS | 19349 |
| PARKING | Driveway |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Encanto |
| WATER | Public |
Location
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Listed with Vista Sotheby’s International Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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