33-unit apartment building | Canoga Park CA
Multifamily | 33 Units | $212,121/unit
Marketing description
• 33-unit apartment building. 29 two-bedrooms, 2 three- bedrooms and 2 one-bedroom units
• Portfolio acquisition opportunity: Purchase this property individually or together with six additional properties totaling 161 units, all located within a one-mile radius.
• Short drive from the $10B RAMS Village development
• Attractive existing assumable loan (contact agent for more information)
• Transit Oriented Communities (TOC) Tier 3
• Approximately 50% upside potential
• Located in an Opportunity Zone (OZ)
• New roof installed in Year 2023 on both buildings
• Walking distance to Sherman Way/Canoga Orange Line Metro Station
• Lanark Recreation Center directly across the street
• All electrical powered and only the water heater is gas powered
• Soft story retrofit completed in Year 2019
• Video camera security system at building entrance and the parking entrance
• On-site management
• 2 washers and 2 dryers
• Foundation of the apartment complex is raised
• 33 total parking spaces - 19 tuck-under spaces and 14 covered spaces
• Unit mix: 29 two-bedroom/two-bathroom units, 2 three-bedroom/two-bathroom units, and 2 one-bedroom/one-bathroom units
• Swimming pool is covered and not being used
• Security gates for apartment units
• Water heater was replaced in January 2023
• Wall unit HVAC in each apartment unit
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