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John Vogel

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$ 889,000

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19350 Lanark ST Reseda, CA 91335

3 Beds

2 Baths

1,296 SqFt

OPEN HOUSE

Fri Feb 14, 1:00pm - 4:00pm

Sat Feb 15, 1:00pm - 4:00pm

Sun Feb 16, 2:00pm - 5:00pm

UPDATED:

02/12/2025 02:15 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,296 sqft

Price per Sqft $685

MLS Listing ID SR25005652

Bedrooms 3

Full Baths 2

Construction Status Fixer

HOA Y/N No

Year Built 1954

Lot Size 9,770 Sqft

Property Sub-Type Single Family Residence

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.

Location

State CA

County Los Angeles

Area Res - Reseda

Zoning LARS

Rooms

Main Level Bedrooms 3

Interior

Heating Forced Air

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Laundry Closet, Outside

Exterior

Parking Features Driveway

Garage Spaces 2.0

Garage Description 2.0

Fence Masonry

Pool None

Community Features Street Lights, Sidewalks

View Y/N Yes

View Neighborhood

Attached Garage Yes

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Fixer

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 2105016018

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Shira Dunn • Keller Williams Coastal Properties • 424-653-0560

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

John Vogel

19350 Lanark ST Reseda, CA 91335

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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19350 Lanark ST