19350 Lanark ST new Save Request In-Person Tour Request Virtual Tour
Reseda,CA 91335
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 $693
MLS Listing ID SR25005652
Bedrooms 3
Full Baths 2
Year Built 1954
Lot Size 9,770 Sqft
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
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplaces Type None
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
Building
Lot Description 0-1 Unit/Acre
Dwelling Type House
Story 1
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Los Angeles Unified
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard