Active
19350 Lanark Street
Reseda CA, 91335
$899,000
$693.67 per sqft
Active
3 Beds
2 Baths
1,296 sqft
Residential
Built in 1954
Listed by Shira Dunn with Keller Williams Coastal Properties 424-653-0560
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.
SR25005652
MLSⓇ ID
January 15, 2025
Listed
January 16, 2025
Updated
Map
19350 Lanark Street
Reseda CA, 91335
Interior Features
Total Stories
1
Bedrooms
3
Total Bathrooms
2
Full Bathrooms
2
Laundry Description
Laundry Closet, Outside
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.22 Acres
Lot Features
0-1 Unit/Acre
Sewer
Public Sewer
School Information
School District
Los Angeles Unified
Other Property Details
Area Name
RES - Reseda
Days on Market
1
Garage
Yes
Garage Spaces
2
Parking
Driveway
Parking Total
2
View
Yes
View Description
Neighborhood
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LARS
Listing Contact: 562-961-1400
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 1/16/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2025 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 1/16/2025 at 10:47 PM UTC