7332 Alabama Avenue

    Canoga Park, CA 91303
    • $890,000
    • STATUS: Active Under Contract
    • ON SITE: 318 days
    • ID#: 18308376
    Under Contract
    UPDATED: 35 min ago
    $890,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,133
      SQFT
    • $417
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    This 5 unit apartment building is located at 7332 Alabama Avenue in Canoga Park, CA. This value-add opportunity is located in the west San Fernando Valley, just north of the Woodland Hills Warner Center, east of West Hills, south of Chatsworth, and west of Winnetka.This property was built in 1924 and consists of two (2) studio units and three (3) 1 bedroom/1 bathroom units. Several of the units have recently been fully renovated with hardwood floors, granite counter tops and are in excellent condition. The property also has all new windows, on-site laundry, and covered carport parking in the back. The property is zoned LAR1 and is 2,133 sf per public record.With significant rental upside, this property provides an excellent opportunity for an operator to increase market rents through a more aggressive management style and renovation program. This property is in an excellent centralized location within the San Fernando Valley, and is in close proximity to the 101 FWY, West

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-15T18:28:59.653. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.teamforss.com/homes/80370833

    7332 Alabama Avenue Canoga Park, CA 91303

    • Price: $890,000
    • Status: Active Under Contract
    • Updated: 35 min ago
    • ID#: 18308376
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,133
    SQFT
    $417
    $/SQFT
    1924
    Built
    Neighborhood:
    CP - Canoga Park
    County:
    Los Angeles
    Area:
    CP - Canoga Park
    Property Description
    This 5 unit apartment building is located at 7332 Alabama Avenue in Canoga Park, CA. This value-add opportunity is located in the west San Fernando Valley, just north of the Woodland Hills Warner Center, east of West Hills, south of Chatsworth, and west of Winnetka.This property was built in 1924 and consists of two (2) studio units and three (3) 1 bedroom/1 bathroom units. Several of the units have recently been fully renovated with hardwood floors, granite counter tops and are in excellent condition. The property also has all new windows, on-site laundry, and covered carport parking in the back. The property is zoned LAR1 and is 2,133 sf per public record.With significant rental upside, this property provides an excellent opportunity for an operator to increase market rents through a more aggressive management style and renovation program. This property is in an excellent centralized location within the San Fernando Valley, and is in close proximity to the 101 FWY, West
    Exterior Features

    Lot Features Sprinklers None Lot Size Units Square Feet Parking Features Carport Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Cooling Wall Window Cooling YN Yes Laundry Features None

    Property Features

    Cap Rate 4.03 Gross Multiplier 14.44 Gross Operating Income 61583.00 Improvements Amount 319600 Land Value 205400 Laundry YN No Net Operating Income 35908.00 Special Listing Conditions Standard Total Expenses 25675.00 Zoning Lar1

    Listing provided courtesy of Jeffrey Louks of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-15T18:28:59.653. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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