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7501 Linley Ln - Ultimate 2-home Rental Property w/own yards 3,846 SF Specialty Building Offered at $2,460,956 CAD at a 4.75% Cap Rate in Canoga Park, CA 91304



INVESTMENT HIGHLIGHTS
- Each home with its own backyard
- Live in one and rent the other
- 2-story completely independent homes
EXECUTIVE SUMMARY
Unique dual-home 1/4 acre compound including a primary 2,564 sq ft home with 4 bedrooms and 4 baths AND a completely separate and private 2-story 2 bedroom 2.5 bath 1,282 sq ft home (ADU) with large balcony overlooking the backyard. Each home includes its own private backyard. Located on a corner lot and in a highly desirable neighborhood in West Hills. This could serve as the perfect dual family or multigenerational home. The secondary home, with a completely private entrance and yard, can serve as a great long term rental allowing buyers to subsidize the mortgage with $3,250-$3,900 estimated monthly income. Investors may be interested in the rental income potential that both homes can potentially generate with $8,500-10,000 in rents.
The primary house has a large living room with fireplace leading out to the garden patio, perfect for entertaining and a backyard with space for a pool. The spacious master bedroom has high ceilings and a large walk-in closet. The master bathroom features a soaking tub, dual sinks and a separate shower. Many tremendous upgrades include remodeled bathrooms, recessed lighting, plantation shutters and newer wood laminate floors and tile throughout. There is an enclosed bonus room off the kitchen that could be used as a sun room, art room, play room or creative space. A separate dining room off of the kitchen complete this amazing home. This home includes central AC and heat
The secondary 1,282 sq ft home was recently constructed engineered with up-cycled steel shipping containers, incredible insulation, mini split air conditioning and heat, and triple glazed low-e windows. The home opens with a huge concrete pivot door to an open space kitchen / dining / living room. Nine foot ceilings and modern concrete floors frame this unique modern structure. The downstairs features an open kitchen with massive island/dining table, an open floor plan living room with an electric fireplace and a guest powder / laundry room. The upstairs is accessed by a four foot wide stairway with a unique exposed shipping container door accent wall. The upstairs living space includes a master bedroom with gorgeous master bath and walk in closet and a secondary bedroom with ensuite bathroom. Both bedrooms connect to a 32 ft long balcony.
Situated in the coveted El Camino school district and only minutes from the Commons, the Village and Warner Center.
The primary house has a large living room with fireplace leading out to the garden patio, perfect for entertaining and a backyard with space for a pool. The spacious master bedroom has high ceilings and a large walk-in closet. The master bathroom features a soaking tub, dual sinks and a separate shower. Many tremendous upgrades include remodeled bathrooms, recessed lighting, plantation shutters and newer wood laminate floors and tile throughout. There is an enclosed bonus room off the kitchen that could be used as a sun room, art room, play room or creative space. A separate dining room off of the kitchen complete this amazing home. This home includes central AC and heat
The secondary 1,282 sq ft home was recently constructed engineered with up-cycled steel shipping containers, incredible insulation, mini split air conditioning and heat, and triple glazed low-e windows. The home opens with a huge concrete pivot door to an open space kitchen / dining / living room. Nine foot ceilings and modern concrete floors frame this unique modern structure. The downstairs features an open kitchen with massive island/dining table, an open floor plan living room with an electric fireplace and a guest powder / laundry room. The upstairs is accessed by a four foot wide stairway with a unique exposed shipping container door accent wall. The upstairs living space includes a master bedroom with gorgeous master bath and walk in closet and a secondary bedroom with ensuite bathroom. Both bedrooms connect to a 32 ft long balcony.
Situated in the coveted El Camino school district and only minutes from the Commons, the Village and Warner Center.
FINANCIAL SUMMARY (PRO FORMA - 2022) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$152,012
|
$39.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,519
|
$1.18
|
| Effective Gross Income |
$147,493
|
$38.35
|
| Taxes |
$29,531
|
$7.68
|
| Operating Expenses |
$11,799
|
$3.07
|
| Total Expenses |
$41,331
|
$10.75
|
| Net Operating Income |
$106,162
|
$27.60
|
FINANCIAL SUMMARY (PRO FORMA - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $152,012 |
| Annual Per SF | $39.52 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,519 |
| Annual Per SF | $1.18 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $147,493 |
| Annual Per SF | $38.35 |
| Taxes (CAD) | |
|---|---|
| Annual | $29,531 |
| Annual Per SF | $7.68 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $11,799 |
| Annual Per SF | $3.07 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $41,331 |
| Annual Per SF | $10.75 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $106,162 |
| Annual Per SF | $27.60 |
PROPERTY FACTS
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7501 Linley Ln - Ultimate 2-home Rental Property w/own yards
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