21218 Gault St, Canoga Park, CA 91303

Large 11,250 sqft lot with two vacant homes approved for subdivision into two separate APNs. Final work required for recording new map would be the responsibility of new owners. Work includes changing existing septic system to city sewer, corner curb improvement, along with other items. See attached LOD from the City of Los Angeles. The home at 7056 Eton has already been improved and is in move-in ready condition. 7056 is also listed separately for $695,000 as a TIC sale (MLS #SR24228032), yet now both homes are being offered for $985,000. The house on Gault needs full rehab and is being occupied by a family friend and will be delivered vacant. Eton house is 3 bedroom 2 bath at 1420 sqft., Gault house is 2 bedroom, 1 bath and approx. 700 sqft with plenty of room to add on. Great investment opportunity with several options: live in one and rent the other, complete the lot split and sell each home individually, or keep for rental income long term. Property does not qualify for traditional financing due to condition of home on Gault.