Exploring the Investment Opportunity at 19350 Lanark St, Reseda

The Reseda real estate market is full of opportunities, but few are as attractive as the property located in 19350 Lanark St. Priced at $889,000, this property is not only a home, but an incredible opportunity for developers and investors. Situated on a lot of approximately 10,000 square feet, already has approved plans to build a project of four units that maximizes rental income potential.

Property Details

The first aspect to consider is the current configuration of the property. The ownership of 1,296 square feet offers three bedrooms and two bathrooms, making it a comfortable space for a family. However, what really stands out is the development potential. The approved plans include a main house of 2,358 square feet, which will feature four bedrooms and three bathrooms, a garage for two cars and a large backyard that will house a pool. This design is not only attractive, but is also projected to generate a monthly income of $6,000.

In addition to the main house, a second property has been planned, a Two bedroom, two bathroom duplex, which promises an estimated income of $3,300 per month. But that's not all. Included are two Accessory Units (ADUs) of 701 square feet each one, designed with two bedrooms and one bathroom, private access and separate backyards, each with a projected income of $3,500 per month.

A Project Beyond the Ordinary

The vision behind this project is not simply to build homes, but to create a space that combines comfort and functionality. All properties are designed with high ceilings and modern layouts that optimize space and natural light. With an estimated total income of $16,300 After a month of completion, the outlook is excellent.

Imagine the flexibility this offers: the ability to live in one of the units while generating passive income with the others. Or, you could choose to rent out all the units and enjoy a steady cash flow. With an estimated construction cost of $750,000, this project is not only attractive for its design, but also offers a projected cash return of 12% or even a higher cap rate if properly financed.

Why Reseda is the Ideal Place

Reseda, a neighborhood that has evolved over time, has become a focal point for those looking for a mix of tranquility and accessibility to the city. With a variety of shops, restaurants and parks nearby, as well as easy access to major transportation routes, the location of 19350 Lanark St is incomparable.

Property prices in Reseda have been trending upward, indicating that this is the ideal time to invest. With continued development in the area, rental income is also on the rise, further reinforcing the viability of this project.

Open House: Your Chance to See It in Person

I invite you to visit the Open House that will be carried out this Friday and Saturday from 1 pm to 4 pm, and Sunday from 2 pm to 5 pm This is a unique opportunity to explore the property and understand first-hand the potential it has to offer. Viewing floor plans, visualising the space and discussing investment possibilities are just some of the benefits of attending.

Here is the link to see more details of the property: Zillow – 19350 Lanark St.

Conclusion

The property in 19350 Lanark St It's not just a property; it's an open door to investment opportunities that can change your financial future. With approved plans, an attractive design and a prime location, this offer is hard to ignore.

Don't miss this opportunity. Attend the Open House and discover how this project can be the next big step in your real estate investment journey. I am here to help you explore all the possibilities and answer any questions you may have. I hope to see you soon!