20123 Haynes Street

Description

A rare, fully permitted four-unit property offering strong cash flow, quality construction, and long-term upside. Set on a quiet street with dual access from Haynes Street and a rear alley, the property sits on a large, flat approximately 11,550 square foot lot and includes four well-designed units on a single APN. The front residence was completely remodeled in 2019 and features a spacious 3-bedroom, 2-bath layout of approximately 1,311 square feet with a large private backyard, ideal for an owner-user or premium rental. Behind the front residence are two detached structures consisting of three units: two 1-bedroom units of approximately 827 square feet and 420 square feet, and a studio of approximately 420 square feet. The rear units were newly constructed in 2019 and feature premium finishes and wood-look tile flooring throughout. The property also includes two covered parking spaces under a detached carport, one uncovered parking space, and an on-site security camera system. The property is currently fully occupied and has been owned, maintained, and constructed by a seasoned professional developer with a strong track record of four-unit properties throughout the San Fernando Valley. Located near Pierce College in a quiet, highly sought-after residential neighborhood and approximately 0.25 miles from the Orange Line, the property may offer potential for increased density under SB79 guidelines, including possible redevelopment of the main residence into a low-rise apartment building. Buyer to verify all zoning, development, and SB79 eligibility.