#SR24251237, Meghan Nyback, Listing Office: Equity Union
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19350 Lanark St Reseda, CA 91335
Property details
About 19350 Lanark St
An incredible opportunity for developers and investors, this approximate 10,000 sq. ft. lot comes with approved plans to build a 4-unit property designed for maximum rental income potential. The plans include a main house spanning 2,358 sq. ft. with 4 bedrooms, 3 bathrooms, a 2-car garage, and a large backyard with a swimming pool, projected to generate $6,000/month in rental income. The second dwelling is planned as a 2-bedroom, 2-bathroom unit with a private yard and an estimated rental income of $3,300/month. Additionally, the plans include two 701 sq. ft. ADUs, each featuring 2 bedrooms, 1 bathroom, private access, and separate backyards, with projected rental income of $3,500/month per unit. Designed with high ceilings and modern layouts, this project offers a total estimated income of $16,300/month once completed. With an estimated construction cost of $750,000, the project delivers a projected 12% cash-on-cash return or an even higher cap rate with financing. This is a rare opportunity to build and capitalize on a lucrative investment opportunity. Plans available upon request.
Highlights
Summary
- MLS Number: SR25005652
- MLS Name: CRMLS
- Office Name: Keller Williams Luxury
- Office Phone: (424) 653-0560
- Listing Agent: Shira Dunn
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 4:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$879,000
19350 Lanark St
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Aug 29, 2024 | Home Sold | $750,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $186,422 | $2,428 |
2023 | $182,767 | $2,384 |
2022 | $179,184 | $2,277 |
2021 | $175,671 | $2,242 |
2020 | $173,871 | $2,177 |
2019 | $170,463 | $2,106 |
2018 | $167,122 | $2,059 |
2017 | $163,846 | $2,059 |
History based on county public records data.
Nearby schools
5
Melvin Avenue Elementary School
Public District KG-5
0.6 mi
•7700 Melvin Ave
4
Napa Street Elementary
Public District KG-5
0.8 mi
•19010 Napa St
3
Blythe Street Elementary School
Public District KG-5
0.8 mi
•18730 Blythe St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $68,493. Most Reseda, CA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
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Frequently asked questions
About 19350 Lanark St
This home is located at 19350 Lanark St in Reseda, CA and zip code 91335 in the Reseda neighborhood. This 1,296 square foot home, which was built in 1954, sits on a 0.22 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 15, 2025 and is currently priced at $879,000.
In January 2025, from all listings sold in Reseda, CA there were more than 294 sold above asking price, over 545 sold below and more than 161 were sold right at the asked price. In January 2025 in Reseda, CA there were 20.1% more homes for sale than in December. Listings spent 45 days on the market in January 2025, and had a median list price of $1,035,435 during the same period.