7336-7340 Milwood Ave, Canoga Park - Apartments FOR SALE


Canoga Park, CA 91303
$3,150,000 USD
818-325-4142
7336-7340 Milwood Ave, Canoga Park, Canoga Park, CA for Sale
$3,150,000 USD
Apartments - FOR SALE
1/10
null | 5.03% Cap Rate

7336-7340 Milwood Ave, Canoga Park
Canoga Park, CA 91303


OVERVIEW

• Portfolio acquisition opportunity: Purchase this property individually or together with five additional properties totaling 161 units, all located 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 46% upside potential • Subpanels have been upgraded • New shingle roof was installed in Year 2016 • Walking distance to Sherman Way/Canoga Orange Line Metro Station • Video camera security system at building entrance and the parking entrance • Foundation of the apartment complex is raised • 16 total parking spaces, all covered and security gated • Water heaters were replaced within the last three years • 4 washers and 4 dryers total (2 washers and 2 dryers per building), all rented • Wall unit HVAC in each apartment unit

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$264 USD /SF

# OF UNITS

20

PRICE/UNIT

$157,500

CAP RATE

5.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

20 Units | $157,500K/Unit | 10.22 GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,283 SF

ZONING

LAR3

APN/PARCEL ID

2112-021-023,2112-021-024

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.