10-Unit Value-Add Multifamily | $2,249,000
First Capital Investment Realty presents 8000 Owensmouth Avenue, a 100%-leased, 10-unit multifamily asset in the heart of Canoga Park. Built in 1959 and held by the same owner since 2011, the property offers 7,492 SF across eight 1BR/1BA and two 2BR/1BA units on a 9,855 SF LAR3 corner lot.
Priced at $224,900 per unit (roughly 39% below the LA metro average), the asset pairs stable in-place income with a clear value-add path. A turnover-driven renovation program is projected to grow NOI from $120,081 to $183,850, lifting the cap rate from 5.34% to 8.17%.
Located about one mile from the $10 billion Rams Village development and within the 1,100-acre Warner Center 2035 Specific Plan area, the property carries a Walk Score of 86 with easy access to Westfield Topanga, Warner Center employers, transit, and the 101 freeway.
A textbook, low-risk value-add opportunity in one of the San Fernando Valley's fastest-transforming submarkets.
Contact: Farhad Navazi, MBA · Investment Broker · First Capital Investment Realty
310-273-5393 · Farhad@firstcapinvestment.com · DRE# 01954850