9015 Owensmouth Avenue

20-unit apartment built in 1972
Excellent unit mix (10) 4+2 and (10) 3+1.5 all Townhome style units
GRM 11.23
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
Over 46% of rental upside
Right off Topanga
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

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