21921 Lanark St - Apartments FOR SALE


Canoga Park, CA 91304
$8,350,000 USD
818-325-4142
21921 Lanark St, Canoga Park, CA for Sale
$8,350,000 USD
Apartments - FOR SALE
1/19
null | 5.66% Cap Rate

21921 Lanark St
Canoga Park, CA 91304


OVERVIEW

• Portfolio acquisition opportunity: Purchase this property individually or together with six additional properties totaling 161 units, all within a one-mile radius. • Short drive from the $10B RAMS Village development • Attractive existing assumable loan(contact agent for more information) • Transit Oriented Communities (TOC) Tier 3 • Located in an Opportunity Zone (OZ) • Approximately 33% upside potential • New roof installed in Year 2023 on both buildings • Walking distance to Sherman Way/Canoga Orange Line Metro Station • Lanark Recreation Center directly across the street • Video camera security system at building entrance and the parking entrance • On-site management • New water heaters - 2 washers and 2 dryers • Foundation of the apartment complex is raised • 35 total parking spaces – 23 tuck-under spaces and 12 covered spaces • Swimming pool with secure enclosure • Security gates for apartment units • Apartment units are both gas and electrical powered • Horizontal pipes were replaced with copper pipes • Wall unit HVAC in each apartment unit • Property was featured in the movie Tortilla Soup with Raquel Welch

FOR SALE DETAILS

PRICE

$8,350,000 USD

PRICE/SF

$258 USD /SF

# OF UNITS

36

PRICE/UNIT

$231,944

CAP RATE

5.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

36 Units | 10.51 GRM | 5.66% Cap Rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

LAR3

APN/PARCEL ID

2110-001-052

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 Notice.