9015 Owensmouth Avenue

• Approximately 40% Rental Upside to Market, translating into a 9.82% market cap rate— Significant Mark-to-Market Opportunity
• 20-unit apartment built in 1972
• Excellent unit mix (10) 4+2 and (10) 3+1.5 all Townhome style units
• Rare lot over an acre of usable land creating a tremendous opportunity for 13+ ADUs immediately
• Opportunity Zone with LAR3 zoning
• Future Redevelopment: 60 units by right; 102 units using Tier 3 TOC incentives
• ±24,500 building SF on ±1.10 AC lot
• 40 Parking Spots
• Right off Topanga Canyon Blvd and proximity to Northridge Fashion Center, CSUN and the Warner Center to the South

Immediate ADU Play

• 5 ADUs can be created by converting existing non habitable spaces within the current buildings, storage, parking, etc
• Up to 8 detached ADUs can be built on the property’s open space
• Potentially 1 additional attached ADU to an existing building
• Total potential: up to 13 new ADUs

Location Highlights

• Immediate proximity to Westfield Topanga & The Village, a dominant regional retail destination featuring more than 2 million square feet of high-performing retail, dining, and entertainment.
• Excellent regional connectivity via the Ventura (US-101) and Ronald Reagan (SR-118) Freeways, providing direct access to Downtown Los Angeles, Ventura County, and the greater San Fernando Valley employment base.
• Adjacent to major employment anchors including Kaiser Permanente Woodland Hills Medical Center, Pierce College (19,000+ students), and numerous corporate offices concentrated within Warner Center.
• Located within a dense and affluent residential trade area, with strong household incomes and ongoing multifamily and mixed-use development supporting sustained consumer demand.
• Access to Los Angeles Metro transit routes and future transit-oriented improvements planned within the Warner Center 2035 Specific Plan, supporting long-term urban densification and walkability.
• Central location within the San Fernando Valley industrial and flex corridor, providing proximity to logistics, media production, and light manufacturing users throughout Chatsworth, Woodland Hills, and Northridge.