7501 Linley Ln - Residential Income FOR SALE


Canoga Park, CA 91304
$1,797,000 USD
424-428-8000
7501 Linley Ln, Canoga Park, CA for Sale
$1,797,000 USD
Residential Income - FOR SALE
1/55
null | 4.75% Cap Rate

7501 Linley Ln
Canoga Park, CA 91304


HIGHLIGHTS

  • Each home with its own backyard
  • 2-story completely independent homes
  • Live in one and rent the other

OVERVIEW

Unique dual-home 1/4 acre compound including a primary 2,564 sq ft home with 4 bedrooms and 4 baths AND a completely separate and private 2-story 2 bedroom 2.5 bath 1,282 sq ft home (ADU) with large balcony overlooking the backyard. Each home includes its own private backyard. Located on a corner lot and in a highly desirable neighborhood in West Hills. This could serve as the perfect dual family or multigenerational home. The secondary home, with a completely private entrance and yard, can serve as a great long term rental allowing buyers to subsidize the mortgage with $3,250-$3,900 estimated monthly income. Investors may be interested in the rental income potential that both homes can potentially generate with $8,500-10,000 in rents. The primary house has a large living room with fireplace leading out to the garden patio, perfect for entertaining and a backyard with space for a pool. The spacious master bedroom has high ceilings and a large walk-in closet. The master bathroom features a soaking tub, dual sinks and a separate shower. Many tremendous upgrades include remodeled bathrooms, recessed lighting, plantation shutters and newer wood laminate floors and tile throughout. There is an enclosed bonus room off the kitchen that could be used as a sun room, art room, play room or creative space. A separate dining room off of the kitchen complete this amazing home. This home includes central AC and heat The secondary 1,282 sq ft home was recently constructed engineered with up-cycled steel shipping containers, incredible insulation, mini split air conditioning and heat, and triple glazed low-e windows. The home opens with a huge concrete pivot door to an open space kitchen / dining / living room. Nine foot ceilings and modern concrete floors frame this unique modern structure. The downstairs features an open kitchen with massive island/dining table, an open floor plan living room with an electric fireplace and a guest powder / laundry room. The upstairs is accessed by a four foot wide stairway with a unique exposed shipping container door accent wall. The upstairs living space includes a master bedroom with gorgeous master bath and walk in closet and a secondary bedroom with ensuite bathroom. Both bedrooms connect to a 32 ft long balcony. Situated in the coveted El Camino school district and only minutes from the Commons, the Village and Warner Center.

FOR SALE DETAILS

PRICE

$1,797,000 USD

PRICE/SF

$467 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ultimate 2-home Rental Property w/own yards

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R1

APN/PARCEL ID

2027-035-028

ASK ABOUT THIS PROPERTY

Ari GatiHOMEPLEX INCMore Info
424-428-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ari GatiHOMEPLEX INCMore Info
424-428-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.