21700 Roscoe Blvd - Apartments FOR SALE


Canoga Park, CA 91304
$5,500,000 USD
818-325-4142
21700 Roscoe Blvd, Canoga Park, CA for Sale
$5,500,000 USD
Apartments - FOR SALE
1/18
null | 4.68% Cap Rate

21700 Roscoe Blvd
Canoga Park, CA 91304


HIGHLIGHTS

  • 28 units built in 1962 - Densely populated pocket in Canoga Park
  • Completed soft-story retrofit in 2019 - Huge corner lot with secured entrance and parking for tenants
  • Large units with great unit mix - Separately metered for gas and electricity
  • 14 units have central air conditioning. Majority of wall unit A/Cs have been replaced
  • Sparkling swimming pool - All toilets have been replaced with new low flush toilets
  • Patrial copper plumbing - Majority of windows are new

OVERVIEW

Colliers International’s Ghobadi Multifamily Team is excited to introduce this 28-unit apartment building located at 21700 Roscoe Blvd., Canoga Park, CA 91304. Built in 1962, this property already had its soft-story retrofit completed back in 2019. The building is on a corner lot and has secured parking for its tenants, large units, a sparkling swimming pool and on-site laundry facility. The unit mix is comprised of sixteen 1-bedroom/1-bathroom units, three 2-bedroom/2-bathroom units, and nine 2-bedroom/ 1½-bathroom townhouse-style units totaling approximately 28,821 rentable square feet on approximately 29,815 square feet of land zoned LAR3. The lot is within an opportunity zone and has a TOC Tier 3 bonus. Situated in a very densely populated rental pocket of Canoga Park, this corner lot is at the intersection of Roscoe Boulevard and Owensmouth Avenue, just down the street from Lanark Park, and very close to plenty of stores and businesses along Roscoe Boulevard and Topanga Canyon Boulevard. With a good corner lot in a densely populated rental area, large units with a great unit mix, and fantastic upside potential, this asset will be a great addition to a seasoned investor’s portfolio.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

28

PRICE/UNIT

$196,429

CAP RATE

4.68%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,815 SF

ZONING

LAR3

APN/PARCEL ID

2110-001-084

ASK ABOUT THIS PROPERTY

Reza GhobadiColliersMore Info
818-325-4142

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Reza GhobadiColliersMore Info
818-325-4142

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.