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7072 Owens Street, Tujunga, California 91042, Tujunga, 91042 - 3 bed, 1 bath

7072 Owens Street, Tujunga, California 91042 home-pic-0
ACTIVE$899,000
7072 Owens Street, Tujunga, California 91042
3Beds
1Bath
1,125Sqft
15,436Lot
Year Built
1947
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$799
HOA
-
Days on market
-
Sold On
-
MLS number
GD25088509
Home ConditionFair
Features
Good View: None
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 30% below the list price. We found 3 Cons,7 Pros. Rank: price - $899.0K(50th), sqft - 1125(28th), beds - 3(50th), baths - 1(33th).

Welcome to 7072 Owens St – A Hidden Gem in the Heart of Tujunga Nestled in the peaceful Tujunga neighborhood, this unique property offers tremendous potential and a prime location. Situated on a quiet, tree-lined residential street at the foot of the Angeles National Forest, it provides the perfect blend of natural beauty and suburban charm. Enjoy the tranquil surroundings and scenic views – this is more than just a home; it’s an opportunity to create something truly special. Sitting on a generous 15,000+ sqft lot, this property may offer the potential to be split into three separate parcels, each with development possibilities. Whether you're looking to build your dream home surrounded by mature trees and nature, or add income-producing rental units, the possibilities here are endless. An exceptional investment opportunity like this doesn’t come around often. Don’t miss your chance – this one won’t last!

Nearby schools

4/10
Pinewood Avenue Elementary School
Public,•K-5•0.8mi
7/10
Mountain View Elementary School
Public,•K-5•1.2mi
5/10
Apperson Street Elementary School
Public,•K-5•1.4mi
6/10
Sunland Elementary School
Public,•K-5•1.7mi
7/10
Dunsmore Elementary School
Public,•K-6•2.3mi
8/10
Abraham Lincoln Elementary School
Public,•K-6•3.1mi
9/10
Mountain Avenue Elementary School
Public,•K-6•4.2mi
4/10
Vinedale Elementary School
Public,•K-5•4.3mi
5/10
Stonehurst Avenue Elementary School
Public,•K-5•4.9mi
5/10
Mt. Gleason Middle School
Public,•6-8•1.1mi
9/10
Rosemont Middle School
Public,•7-8•3.8mi
6/10
Verdugo Hills Senior High School
Public,•9-12•0.7mi
9/10
Crescenta Valley High School
Public,•9-12•3.7mi
3/10
Sun Valley High School
Public,•9-12•6.6mi
5/10
Sun Valley Engineering And Technology Magnet
Public,•6-12•6.7mi
Condition Rating
Fair
Built in 1947, this property is aged but appears to be maintained and livable. While some cosmetic updates like laminate flooring and fresh paint are visible, the kitchen features dated white appliances, basic cabinets, and older countertops. The single bathroom is also significantly outdated with an older vanity and basic tile. The exterior and landscaping show signs of neglect. The property requires substantial updates to the kitchen and bathroom, and potentially major systems, to meet modern standards, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15436, living area = 1125.
Great Schools: Elementary School: Mountain Avenue Elementary School (9/10). Middle School: Rosemont Middle School (9/10). High School: Crescenta Valley High School (9/10).
Exceptional Development Potential: The generous 15,436 sqft lot offers the potential to be split into three separate parcels, providing significant development opportunities for investors or multi-generational living.
Prime Location & Natural Setting: Nestled in a peaceful, tree-lined residential street at the foot of the Angeles National Forest, offering tranquil surroundings and scenic beauty.
Versatile Investment Opportunity: The property presents options for building a dream home, adding income-producing rental units (ADUs), or a complete redevelopment project, appealing to various buyer profiles.
Large, Usable Lot: The substantial 15,436 sqft lot provides ample space for expansion, landscaping, or creating a private oasis, enhancing outdoor living possibilities.
Quiet, Desirable Neighborhood: Located in a peaceful Tujunga neighborhood on a quiet street, enhancing quality of life and long-term appeal.

Cons

Significant Overpricing: The current listing price of $899,000 is substantially higher (approximately 30% above) the estimated property value of $621,376, potentially deterring buyers and indicating a challenging negotiation.
Limited Bathrooms: The property features only one bathroom for three bedrooms, which is a functional limitation for modern living and will likely necessitate an immediate renovation or expansion for most buyers.
Small & Dated Existing Structure: The 1125 sqft living space is relatively small for a 3-bedroom home, and being built in 1947, the existing structure likely requires significant updates or a complete renovation to meet contemporary standards.

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