20957 Community, Los Angeles, CA 91304
20957 Community, Los Angeles, CA 91304
20957 Community, Los Angeles, CA 91304
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,100,000
Est. payment /mo
3 Beds
2 Baths
1,902 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,902 sqft

Price per Sqft $578

MLS Listing ID SR26186247

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1950

Lot Size 8,624 Sqft

Property Sub-Type Duplex

Property Description

JADU + SB-9 Development Opportunity | Canoga Park. An exceptional opportunity to own an approximately 8,623-square-foot corner property with an SB-9 Urban Lot Split currently nearing completion. The proposed split is designed to create two separately deeded single-family residential parcels, providing both existing residential utility and future development potential.The proposed 20957 Community St. parcel is approximately 5,174 square feet and includes a 2-bedroom, 1-bathroom home along with a converted 2-car garage configured as a 1-bedroom, 1-bath Junior ADU (JADU), separately addressed as 20955 Community St. The JADU provides additional flexibility for rental income, guests, extended family, or use as supplemental living space and is currently leased through June 2027.
The proposed 8400 Independence Ave. parcel is approximately 3,450 square feet and has its own assigned address. An existing structure is located on the parcel, and there is already a permit for approximately 350 square feet on the SB-9 lot. The parcel is also planned for expansion into an approximately 1,500+ square-foot single-family residence, subject to final approvals and buyer verification.An additional potential benefit for a future buyer is the ability to structure financing with two separate deeds of trust, potentially allowing the two resulting parcels to be financed separately, subject to lender approval, title requirements, applicable laws, and final recordation of the SB-9 lot split.
Per the Seller, the SB-9 process has received the required agency clearances, with the remaining Park (Quimby) fee being the final item outstanding prior to recordation of the final parcel map. With an existing JADU at 20955 Community St., an established lease, a nearly completed SB-9 lot split, an existing 350-square-foot permit, potential for additional residential development, and the potential for separate financing of the resulting parcels, this property offers a unique combination of current use and future upside in Canoga Park.

Buyer is advised to independently verify all property information, including permits, approvals, square footage, JADU status, lease terms, SB-9 requirements, parcel configuration, addresses, financing options, deed-of-trust structure, and development potential with the appropriate agencies, lender, title company, and other qualified professionals.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Rooms

Other Rooms Guest House, Guest HouseAttached

Main Level Bedrooms 1

Interior

Interior Features Granite Counters, Open Floorplan, All Bedrooms Down

Heating Central

Cooling Central Air

Flooring Wood

Fireplaces Type Living Room

Fireplace Yes

Appliance Built-In Range, Electric Range, Gas Range, Microwave, Refrigerator

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Parking Features Electric Gate

Pool None

Community Features Biking, Curbs

Utilities Available Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Available, Water Connected

View Y/N Yes

View Trees/Woods

Accessibility See Remarks

Porch Porch

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type Duplex

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories One

Additional Building Guest House, Guest HouseAttached

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 2779006029

Security Features Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, FHA, VA Loan

Special Listing Condition Standard

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Listed by Saghar Ghasemi Re/Max Luxe 818-436-9998, DRE #02023400

NEARBY SCHOOL & BUSINESS

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