9015 Owensmouth Ave 20 Unit Townhome Style Asset on 1.10 AcresThis is a rare deal that offers both strong in place cash flow and significant upside through renovation, ADUs, and future redevelopment.Key Highlights:Key Highlights:* 20 unit apartment community (1972) with large townhome units: (10) 4+2 and (10) 3+1.5 totaling 24,500 SF * Current NOI of approximately $289K with ~46% rental upside to market * Offered at $5.8M (~5% cap, $290K/unit, $236/SF, 11.23 GRM) * Situated on a rare 1.10 acre LAR3 zoned lot in an Opportunity ZoneValue Add + Development Upside:* Immediate ADU potential: up to 13 additional units (conversion + detached) * By right development potential of ~60 units* Up to ~102 units achievable with Tier 3 TOC incentives Location Fundamentals:* Positioned just off Topanga Canyon Blvd near Warner Center, CSUN, and Westfield Topanga* Strong rental demand with market rents significantly above current in place rents* Excellent access to the 101 & 118 freeways and major employment hubsThis is an ideal opportunity for an investor looking to:*Execute a classic value add strategy with mark to market rents*Add ADUs for yield expansion*Or land bank for future high density redevelopment