19350 Lanark Street
Reseda, CA 91335
- 3 beds
- 2 baths
- 1,296 sqft
- 9,771 sqft lot
- $693 per sqft
- 1954 build
- – on site
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.
Listed By CRMLS_CA / Shira Dunn / Keller Williams Coastal Properties / 424-653-0560
Last checked:
Checking…
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Last updated Jan 15, 2025
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MLS# SR25005652 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1954
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Year Built Source:Public Records
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New Construction:No
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Total Number Of Units:1
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Structure Type:House
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Stories Total:1
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Entry Level:1
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Common Walls:No Common Walls
Interior
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Levels:One
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Entry Location:1
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Room Type:Kitchen, Living Room
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Living Area Units:Square Feet
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Living Area Source:Assessor
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Fireplace:No
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Fireplace:None
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Laundry:In Closet, Outside
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Laundry:1
Room Dimensions
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Living Area:1296.00
Location
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Directions:From Tampa turn on Lanark St
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Latitude:34.21714700
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Longitude:-118.55548500
The Property
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Property Type:Residential
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Subtype:Single Family Residence
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Property Condition:Fixer
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Zoning:LARS
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Lot Features:0-1 Unit/Acre
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Lot Size Area:9771.0000
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Lot Size Acres:0.2243
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Lot Size SqFt:9771.00
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Lot Size Source:Assessor
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View:1
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View:Neighborhood
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Fencing:Masonry
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Fence:Yes
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Additional Parcels:No
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Land Lease:No
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Lease Considered:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:1316.00
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Tax Tract:15595
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Tax Lot:36
Beds
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Total Bedrooms:3
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Main Level Bedrooms:3
Baths
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Total Baths:2
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Full & Three Quarter Baths:2
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Main Level Baths:2
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Full Baths:2
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2105016018
Heating & Cooling
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Heating:1
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Heating:Forced Air
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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High School District:Los Angeles Unified
The Community
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Features:Sidewalks, Street Lights
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:Yes
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Parking:Driveway
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Parking Spaces:2.00
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Attached Garage:Yes
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Garage Spaces:2.00
Monthly cost estimate
Asking price
$899,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,813
|
Taxes | N/A |
Insurance | $247 |
Utilities | $144 See report |
Total | $5,204/mo.* |
*This is an estimate |
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
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Max Internet Speed
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This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
1/15/25
Jan 15, 2025
|
Listed / Active | CRMLS_CA | $899,000 | 19.9% |
8/29/24
Aug 29, 2024
|
CRMLS_CA | $750,000 | 7.3% | |
8/1/24
Aug 1, 2024
|
CRMLS_CA | $699,000 |
39% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $20k above asking price on average, but some went as high as $161k over asking price.