$3,100,000
We are pleased to present 8750 Owensmouth Avenue, a 20-unit apartment community with one (1) additional nonconforming unit, located in the Canoga Park neighborhood of the western San Fernando Valley. Built in 1961, the property offers 15,888 square feet of rentable area on a 19,117-square-foot lot. The building features an efficient unit mix of eighteen (18) one-bedroom/one-bath units, two (2) two-bedroom/one-bath units, and one (1) nonconforming studio unit, supported by spacious layouts and durable midcentury construction. These characteristics drive strong tenant appeal and consistent occupancy, while still offering clear opportunities for modernization and value-add improvements.8750 Owensmouth Avenue is minutes from Warner Center, Westfield Topanga, The Village, and numerous dining, retail, and entertainment amenities. Its proximity to major employment hubs, along with convenient access to the 101 and 118 Freeways, Metro bus lines, and the OrangeLine, enhances its long-term renter demand. Positioned in a supply-constrained and steadily growing submarket, 8750 Owensmouth Avenue presents a compelling opportunity to acquire a well-located multifamily property with stable income and strong potential for future appreciation.
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Listed by Michael Sterman with Marcus & Millichap (818) 212-2700
Property Type
Residential Income
Status
Active
MLS Number
26666201
Year Built
1961
Lot Size
0.44 acres