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  • 9015 Owensmouth Avenue

9015 Owensmouth Avenue, Canoga Park, CA 91304

$5,095,000 Approx. USD 70 beds, 40 baths
24,500 sqft

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Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Text Me
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Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
 Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Listing Agent


Daniel Withers | daniel.withers@matthews.com
Lic#: 01325901
Broker: Courtesy of Matthews Real Estate Investment Services
Phone: 818-923-6107

Agent Remarks

Approximately 40% Rental Upside to Market, translating into a 9.82% market cap rate. Significant Mark-to-Market Opportunity. This 20-unit apartment community, built in 1972, features an attractive townhome-style unit mix consisting of ten 4-bedroom/2-bath units and ten 3-bedroom/1.5-bath units. The property sits on approximately 1.10 acres with 24,500 square feet of building area and 40 parking spaces. Zoned LAR3 and located within an Opportunity Zone, the property also offers substantial value-add potential, including the opportunity for up to 13 new ADUs through a combination of conversions, detached construction, and a potential attached ADU. Longer-term redevelopment potential includes approximately 60 units by right and up to 102 units utilizing Tier 3 TOC incentives. Located just off Topanga Canyon Boulevard, the property offers convenient access to Westfield Topanga & The Village, Warner Center, CSUN, Pierce College, Kaiser Permanente Woodland Hills Medical Center, and Northridge Fashion Center. The location provides strong regional connectivity via the Ventura (US-101) and Ronald Reagan (SR-118) Freeways, offering access throughout the San Fernando Valley, Downtown Los Angeles, and Ventura County. The surrounding area benefits from a dense residential base, major employment centers, retail and entertainment amenities, Metro transit access, and continued multifamily and mixed-use development within the Warner Center area.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26672753
List price is $5,095,000 Reduced by $65,000 on 9/24/2026
Price: $5,095,000
Beds: 70
Baths: 40
Built in 1972
24,500 sqft
1.11 acres
Lot size: 1.1050
County: Los Angeles
Zoning: LAR3
Parking description: Assigned
MLS area: CP - Canoga Park

Last Updated: 9/28/2026

 Days On Market (DOM): 195

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This listing belongs to the CP - Canoga Park MLS area

Lat/Long: 34.233955, -118.602019.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Text Me
Call My Cell
Call My Office
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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