19350 Lanark Street, Reseda, California 91335, Reseda, 91335 - 3 bed, 2 bath
About this home
Possibly Over-Priced:The estimated price is 3% below the list price. We found 2 Cons,3 Pros. Rank: price - $879.0K(53th), sqft - 1296(32th), beds - 3(50th), baths - 2(50th).
An incredible opportunity for developers and investors, this approximate 10,000 sq. ft. lot 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.