Residential Income Details
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
|Number of Units||5|
|Status||Active Under Contract|
|Listing Brokerage||Marcus & Millichap|
|Listing Agent||Jeffrey Louks|
|Listing Agent BRE #||00908473|
Based on information from California Regional Multiple Listing Service, Inc. as of Friday, February 9, 2018.
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