20957 Community Street

Exceptional SB9 investment and development opportunity on an approximately 8623 Sq Ft corner lot in Canoga Park The property is in the final stages of an SB9 Urban Lot Split designed to create two separately deeded parcels offering immediate rental income and outstanding future development potential The front parcel 20957 Community St will consist of approximately 5174 Sq Ft and features a 2bedroom 2bathroom residence plus a converted 2car garage configured as a 1bedroom 1bath Junior ADU completed prior to the current owners purchase The main residence is currently leased for 3200 per month through May 2027 Seller states the Junior ADU has an estimated market rental potential of approximately 1950 per month for projected gross rental income of approximately 5150 per month 61800 annually Buyer to verify lease terms rental income and market rents The future rear parcel 8400 Independence Ave will consist of approximately 3450 Sq Ft and has already been assigned its own address The parcel includes an existing approximately 350 Sq Ft structure Seller states approved plans provide for expansion of the existing structure into an approximately 1500 Sq Ft singlefamily residence A new vinyl fence has already been installed along the proposed property line to physically separate the two future parcels Seller states all required SB9 agency clearances have been obtained with only the final approximately 17000 Park Quimby fee remaining before the City records the final parcel map Upon completion Seller states the property is expected to be legally divided into two separate parcels each with its own title deed and Assessor Parcel Number APN Buyer to independently verify all permits approvals square footage development potential fees timelines lease information rental income and remaining SB9 requirements with the appropriate governmental agencies A rare opportunity to acquire an incomeproducing property with substantial entitlement work already completed while offering the opportunity to complete one of Canoga Parks most unique SB9 development projects Shown by appointment only Do not disturb occupants