19350 Lanark Street, Reseda, CA 91335
-
Listed Price :
$899,000
-
Beds :
3
-
Baths :
2
-
Property Size :
1,296 sqft
-
Year Built :
1954
Property Description
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.
Interior Features
| Laundry Information |
| Location(s) |
Laundry Closet, Outside |
| Bedroom Information |
| Bedrooms |
3 |
| Bathroom Information |
| Bathrooms |
2 |
| Interior Information |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
19350 Lanark Street |
| City |
Reseda |
| State |
CA |
| Zip |
91335 |
| County |
Los Angeles |
| Listing Agent |
Shira Dunn DRE #02100807 |
| Courtesy Of |
Keller Williams Coastal Properties |
| List Price |
$899,000 |
| Status |
Active |
| Type |
Residential |
| Subtype |
Single Family Residence |
| Structure Size |
1,296 |
| Lot Size |
9,771 |
| Year Built |
1954 |
Listing information courtesy of: Shira Dunn, Keller Williams Coastal Properties. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 15th, 2025 at 8:15 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
