7332 Alabama Avenue

    Canoga Park, CA 91303
    • $890,000
    • STATUS: Active Under Contract
    • ON SITE: 318 days
    • ID#: 18308376
    Under Contract
    UPDATED: 40 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 CARETS as of 2018-12-15T06:48:09.51. 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/80368881

    7332 Alabama Avenue Canoga Park, CA 91303

    • Price: $890,000
    • Status: Active Under Contract
    • Updated: 40 min ago
    • ID#: 18308376
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,133
    SQFT
    $417
    $/SQFT
    1924
    Built
    Neighborhood:
    Canoga Park (Cp)
    County:
    Los Angeles
    Area:
    Canoga Park (Cp)
    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

    Parking Spaces Total 5 Parking Type Carport

    Interior Features

    Appliances None Cooling Type Wall Or Window Units Heating Type Wall Heater Total Floors 1 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished 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 Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bath05 1.0 Unit Number Of Bed01 0 Unit Number Of Bed02 0 Unit Number Of Bed03 1 Unit Number Of Bed04 1 Unit Number Of Bed05 1

    Property Features

    Adjusted Gross Income 63432.00 Assessed Improvement Value 319600.00 Assessed Land Value 205400.00 Cap Rate 4.03 Country United States Of America Expense Total Annual 25675.00 Gross Operating Income 61583.00 Gross Rent Multiplier 14.44 Hoa YN N Legal Disclosures No Property Assessments Lot Size Source Vendor Enhanced Net Operating Income 35908.00 Number Of Buildings 3 Special Conditions Standard Sale Square Footage Source Title Company Unit Monthly Rent01 598.00 Unit Monthly Rent02 738.00 Unit Monthly Rent03 1150.00 Unit Monthly Rent04 1150.00 Unit Monthly Rent05 1500.00 Unit Projected Total Monthly Rent01 1300.00 Unit Projected Total Monthly Rent02 1300.00 Unit Projected Total Monthly Rent03 1500.00 Unit Projected Total Monthly Rent04 1500.00 Unit Projected Total Monthly Rent05 1500.00 Unit Total Monthly Rent01 598.00 Unit Total Monthly Rent02 738.00 Unit Total Monthly Rent03 1150.00 Unit Total Monthly Rent04 1150.00 Unit Total Monthly Rent05 1500.00 Unit Type01 1 Unit Type02 2 Unit Type03 3 Unit Type04 4 Unit Type05 5 Units Total In Complex 5 Zoning Lar1

    Listing provided courtesy of Jeffrey Louks DRE#00908473 of Marcus & Millichap.


    Based on information from CARETS as of 2018-12-15T06:48:09.51. 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.
     
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