7028 Alabama Avenue

    Canoga Park, CA 91303
    • $2,050,000
    • STATUS: Active Under Contract
    • ON SITE: 76 days
    • ID#: 18389750
    Under Contract
    $2,050,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,167
      SQFT
    • $286
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:

    School Ratings & Info

    Description

    * One Mile From The New Multi-Billion Dollar Downtown San Fernando Valley at Warner Center* Low Cost/Unit of $205,000* Potential: 6.07 % Cap rate & 6.25% Cash on Cash* 6.9% Effective Annualized Rent Increase within a 3 mile radius (REIS)* Transit Priority Area/T.O.C. Tier-2*7028 Alabama Avenue is a Well-Positioned Opportunity to take Advantage of the New Downtown San Fernando Valley at Warner Center. The Warner Center is currently undergoing a Multi-Billion Dollar Makeover as it turns itself into the Downtown of the San Fernando Valley. 7028 Alabama, being less than a mile from the Warner Center, allows Forward Thinking Investors the Opportunity to Purchase an Undervalued Asset. It has been proven that new developments change neighborhoods. With this burgeoning expansion and Multi-Billion Dollar Capital infusion to the Warner Center Downtown Makeover we expect to see outstanding growth in communities surrounding the Warner Center.

    Monthly Payment Calculator



    Based on information from CARETS as of 2018-12-09T23:45:51.397. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.scvnest.com/homes/87893385

    7028 Alabama Avenue Canoga Park, CA 91303

    • Price: $2,050,000
    • Status: Active Under Contract
    • ID#: 18389750
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    7,167
    SQFT
    $286
    $/SQFT
    1977
    Built
    Neighborhood:
    Canoga Park (Cp)
    County:
    Los Angeles
    Area:
    Canoga Park (Cp)
    Property Description
    * One Mile From The New Multi-Billion Dollar Downtown San Fernando Valley at Warner Center* Low Cost/Unit of $205,000* Potential: 6.07 % Cap rate & 6.25% Cash on Cash* 6.9% Effective Annualized Rent Increase within a 3 mile radius (REIS)* Transit Priority Area/T.O.C. Tier-2*7028 Alabama Avenue is a Well-Positioned Opportunity to take Advantage of the New Downtown San Fernando Valley at Warner Center. The Warner Center is currently undergoing a Multi-Billion Dollar Makeover as it turns itself into the Downtown of the San Fernando Valley. 7028 Alabama, being less than a mile from the Warner Center, allows Forward Thinking Investors the Opportunity to Purchase an Undervalued Asset. It has been proven that new developments change neighborhoods. With this burgeoning expansion and Multi-Billion Dollar Capital infusion to the Warner Center Downtown Makeover we expect to see outstanding growth in communities surrounding the Warner Center.
    Exterior Features

    Parking Spaces Total 12 Parking Type Underground

    Interior Features

    Cooling Type Wall Unit(S) Heating Type Wall Heater Interior Features Other Total Floors 1 Unit Furnished01 Unfurnished Unit Furnished02 Partially Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bed01 1

    Property Features

    Adjusted Gross Income 140219.00 Assessed Improvement Value 700285.00 Assessed Land Value 466857.00 Country United States Of America Expense Total Annual 64479.00 Gross Operating Income 144556.00 Gross Rent Multiplier 14.18 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Public Records Net Operating Income 75740.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 1176.00 Unit Projected Total Monthly Rent01 191400.00 Unit Total Monthly Rent01 141108.00 Unit Type01 10 Units Total In Complex 10 Zoning Lar3

    Listing provided courtesy of Kelly Morgan DRE#01898026 of Keller Williams-Santa Monica.


    Based on information from CARETS as of 2018-12-09T23:45:51.397. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    RE/MAX of Santa Clarita
    25101 The Old Road
    Santa Clarita CA, 91381