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An incredible opportunity for developers and investors, this approximate 10,000 sq. ft. lot comes with approved plans to build a 4-unit property designed for maximum rental income potential. The plans include a main house spanning 2,358 sq. ft. with 4 bedrooms, 3 bathrooms, a 2-car garage, and a large backyard with a swimming pool, projected to generate $6,000/month in rental income. The second dwelling is planned as a 2-bedroom, 2-bathroom unit with a private yard and an estimated rental income of $3,300/month. Additionally, the plans include two 701 sq. ft. ADUs, each featuring 2 bedrooms, 1 bathroom, private access, and separate backyards, with projected rental income of $3,500/month per unit. Designed with high ceilings and modern layouts, this project offers a total estimated income of $16,300/month once completed. With an estimated construction cost of $750,000, the project delivers a projected 12% cash-on-cash return or an even higher cap rate with financing. This is a rare opportunity to build and capitalize on a lucrative investment opportunity. Plans available upon request.
Property Type(s):
Single Family
| Last Updated | 1/15/2025 | Year Built | 1954 |
|---|---|---|---|
| Community | Reseda | Garage Spaces | 2.0 |
| County | Los Angeles |
SCHOOLS
| School District | Los Angeles Unified |
|---|
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Reseda |
| GARAGE | Driveway, Yes |
| HEAT | Forced Air |
| HOA DUES | 0 |
| LOT | 9771 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| PARKING | Driveway |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
| ZONING | LARS |
Location
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Listed with Keller Williams Coastal Properties
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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