21721 Hart St - Apartments FOR SALE


Canoga Park, CA 91303
$2,495,000 USD
310-666-2246
21721 Hart St, Canoga Park, CA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/22
null | 5.31% Cap Rate

21721 Hart St
Canoga Park, CA 91303


HIGHLIGHTS

  • 2023 construction — minimal deferred maintenance, full warranty runway, modern systems throughout
  • 4 units · 6,000+ SF — efficient unit mix, full-floor units with private balconies
  • Solar + individually metered utilities — operator-friendly cost structure, tenants pay direct
  • Projected 5.3% cap rate at stabilization — premium yield for newer-construction product in the West Valley
  • 100,000 price improvement — recalibrated entry on a previously listed asset
  • Walk to Rams Village and the new Warner Center hospitality + retail corridor

OVERVIEW

Repriced. Reintroduced. Ready. 21721 Hart St is a 2023-built, four-unit apartment building delivering over 6,000 square feet of institutional-quality multifamily in the heart of the West Valley, now offered with a $100,000 price improvement that sharpens the entry on one of the most operationally clean assets in the submarket. Built to a current code, equipped with rooftop solar and individually metered utilities, and finished with open floor plans, oversized windows, and private balconies, the property pairs new-construction economics with minimal deferred maintenance, low operating drag, modern systems through their useful-life runway, with an infill location that institutional capital has been quietly accumulating for three years. A projected 5.3% stabilized cap rate sits well above what most newer-construction product is trading for in the immediate area. Positioned minutes from Rams Village, Westfield Topanga, the Calabasas border, and the 101 corridor, 21721 Hart St offers durable rental demand from one of LA's strongest tenant pools and the kind of long-term locational tailwind that doesn't show up in a trailing T-12. At the new price, the math finally meets the location.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$402 USD /SF

# OF UNITS

4

PRICE/UNIT

$623,750

CAP RATE

5.31%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2023 Fourplex | West Valley | 5.3% Cap

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

LAR3

APN/PARCEL ID

2138-004-010

ASK ABOUT THIS PROPERTY

Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

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Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

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