6737 De Soto Ave - Apartments FOR SALE


Canoga Park, CA 91303
$13,500,000 USD
310-470-8963
6737 De Soto Ave, Canoga Park, CA for Sale
$13,500,000 USD
Apartments - FOR SALE
1/7
null | 6% Cap Rate

6737 De Soto Ave
Canoga Park, CA 91303


HIGHLIGHTS

  • Price Reduced by $1.4 Million!
  • 28 beautiful three-level townhome units; built as condos in 2005 with final condo tract map
  • Rare opportunity to purchase “home-like” units averaging 1,530± square feet
  • Priced far below replacement cost at $319 PSF; 6% cap rate
  • Prime Warner Center location; walk to Pierce College; Within minutes of the massive Rams Village Development, Westfield Topanga Mall, Topanga Village
  • Potential condo exit

OVERVIEW

Property website with OM: https://properties.berkadia.com/warner-center-townhomes-490311/ Call us directly if you would like to tour! We’re excited to announce a tremendous $1.4 million price reduction for Warner Center Townhomes, a 28-unit community built in 2005 with a condo tract map. Currently being operated as an apartment community, the units are spacious and “home-like” averaging 1,530± SF. Units feature high-end finishes including quartz countertops, stainless-steel appliances, wood “style” flooring, and an in-unit laundry room with full, sized washer and dryer. The property is within 5 minutes of the massive Rams Village Development, Westfield Topanga Mall, Topanga Village; and walking distance to Pierce College. Easy access to Kaiser Permanente Woodland Hills Medical Center and the 101 Freeway. Priced far below replacement cost at $319 PSF, Warner Center Townhomes affords an investor an attractive 6% going in cap rate and an opportunity to own in a high-growth area with potential for a condo exit.

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$326 USD /SF

# OF UNITS

28

PRICE/UNIT

$482,143

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1.4M Price Redux | 28 Townhomes, 2005YB

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2005

PARKING SPACES

56

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

WC

APN/PARCEL ID

2148-027-048

ASK ABOUT THIS PROPERTY

Adrienne BarrBerkadiaMore Info
310-470-8963

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Adrienne BarrBerkadiaMore Info
310-470-8963

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