8000 Owensmouth Ave - Apartments FOR SALE


Canoga Park, CA 91304
$2,249,000 USD
909-380-4780
8000 Owensmouth Ave, Canoga Park, CA for Sale
$2,249,000 USD
Apartments - FOR SALE
1/13
null | 5.34% Cap Rate

8000 Owensmouth Ave
Canoga Park, CA 91304


HIGHLIGHTS

  • 10-unit, 100% leased multifamily in Canoga Park offered at $2,249,000 — just $224,900/unit, roughly 39% below the LA metro average.
  • Clear value-add upside with projected NOI growth from $120,081 to $183,850, lifting the cap rate from 5.34% to 8.17%.
  • One mile from the $10B Rams Village and inside the Warner Center 2035 Specific Plan area, with a Walk Score of 86.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,249,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

10

PRICE/UNIT

$224,900

CAP RATE

5.34%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,849 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2110-018-001

ASK ABOUT THIS PROPERTY

Farhad NavaziFirst Capital Investment RealtyMore Info
909-380-4780

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Farhad NavaziFirst Capital Investment RealtyMore Info
909-380-4780

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