19350 Lanark Street
Reseda, CA 91335
1296 sqft | 3 beds | 2 baths | 0.22 acres | #SR25005652
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.
Property Details
- Property SubtypeSingleFamilyResidence
- School DistrictLos Angeles Unified
- Lot DescriptionZeroToOneUnitAcre
- ViewNeighborhood
- Sewer InformationPublicSewer
- CountyLos Angeles
- MLS #SR25005652
- MLS #SR25005652
- Property TypePurchase
- Original List Price$899,000
- Acres0.2243
- Utility SourcePublic
- Cost899000
- Structure TypeHouse
- Square Feet1296
- Year Built1954
- Bedrooms3
- Bathrooms2
- Full Baths2
- Stories1
- Parking Spaces2
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Shira Dunn (#SR207068984)
Listing Office: Keller Williams Coastal Properties (#SR1204003)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
