Property Detail

Description

Exceptional opportunity to acquire a corner-lot property in a prime Canoga Park location positioned within an Opportunity Zone and eligible for Tier 3 TOC Density Bonus incentives with possible routes using SB9, SB35, AB2011, and AB130. Whether you're a developer, investor, or visionary end-user, the upside potential here is significant. The existing structures include a 3-bedroom, 1-bath main residence with a large detached garage, offering multiple pathways for value creation including converting the garage to an ADU and adding addition rental units behind it. The home retains much of its original character and is being sold as-is, but features updated copper plumbing. With the right vision, this property could be revitalized, expanded, or fully redeveloped. The large 7,500sqft corner lot location provides exceptional flexibility, dual street access, and abundant street parking, an attractive feature for redevelopment or multi-unit planning. Located near shopping, transportation corridors, and major employment centers, this property presents a rare chance to capitalize on evolving housing policies and strong rental demand in the West San Fernando Valley. Bring your architect, contractor, and imagination the potential here is substantial.