8305-8325 Variel Ave - Apartments FOR SALE


Canoga Park, CA 91304
$12,600,000 USD
818-325-4142
8305-8325 Variel Ave, Canoga Park, CA for Sale
$12,600,000 USD
Apartments - FOR SALE
1/15
null | 5.17% Cap Rate

8305-8325 Variel Ave
Canoga Park, CA 91304


OVERVIEW

• Portfolio acquisition opportunity: Purchase these three adjacent properties or together with four 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 • Approximately 47% upside potential • Located in an Opportunity Zone (OZ) • Electrical main panels and subpanels throughout all units have been upgraded w/ approximately $235K – potential reimbursement revenue • Artificial/synthetic grass on periphery of the buildings • 6 washers and 6 dryers total (2 washers and 2 dryers per building), all leased • Plumbing is partial copper • Portions of the roof were replaced in 2023 • Gated and Secure Parking Lot • Newer water heaters • Located at the corner of Variel Avenue and Roscoe Boulevard, one of the main thoroughfares with high traffic • Walking distance to Sherman Way/Canoga Orange Line Metro Station • Video camera security system in all building entrances and the parking entrance

FOR SALE DETAILS

PRICE

$12,600,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

72

PRICE/UNIT

$175,000

CAP RATE

5.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

72 Units | 9.66 GRM | 5.17% Cap Rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

72

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,256 SF

ZONING

R3

APN/PARCEL ID

2779-008-013,2779-008-014,2779-008-015

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.