19350 Lanark, Reseda CA 91335 for sale - Presented to you by Terrence Griffin of San Diego California
Listing provided courtesy of Shira Dunn of Keller Williams Coastal Properties. Last updated 2025-01-30 09:16:09.000000. Listing information © 2024 Sandicor.

Asking Price: $899,000 | ​​​​​​​

19350 Lanark, Reseda CA 91335

Community: ​RES - Reseda


This Single Family Residence property was built in 1954 and is priced at $899,000. Please see the additional details below.
  • 1,296 Sq Ft
  • 2 bathrooms
  • 3 bedrooms
  • MLS#: SR25005652
  • Type: Single Family Residence
  • Year Built: 1954
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.

Call or Email Terrence Griffin now to inquire about this property

619-952-0152