7052 Alabama Avenue

    Canoga Park, CA 91303
    • $2,995,000
    • STATUS: Active
    • ON SITE: 182 days
    • ID#: 19455710
    UPDATED: 50 min ago
    $2,995,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,234
      SQFT
    • $364
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1988
    County:

    School Ratings & Info

    Description

    PRICE REDUCED! We are pleased to present for sale a ten unit (plus one non-conforming) NON-RENT CONTROL opportunity in the heart of Canoga Park! The property consists of four (4) 1 bd/1 ba, six (6) 2 bd/1 ba, and one studio non-conforming unit. Located less than one mile from the Westfield Topanga mall, this is a prime opportunity for investors looking to park their money in a non-rent controlled asset in a great location! The property has been excellently maintained since ownership took over: All new Central A/C installed in all units in 2013, all flooring is either tile or laminate, and the roof, plumbing and electrical are all in great condition. Do not miss this great opportunity to own in a strong rental pocket of Canoga Park! Please do not disturb current tenants. Interior inspection subject to accepted offer only. Contact listing agent for more details.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/93811985

    7052 Alabama Avenue Canoga Park, CA 91303

    • Price: $2,995,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 19455710
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    8,234
    SQFT
    $364
    $/SQFT
    1988
    Built
    Neighborhood:
    CP - Canoga Park
    County:
    Los Angeles
    Area:
    CP - Canoga Park
    Property Description
    PRICE REDUCED! We are pleased to present for sale a ten unit (plus one non-conforming) NON-RENT CONTROL opportunity in the heart of Canoga Park! The property consists of four (4) 1 bd/1 ba, six (6) 2 bd/1 ba, and one studio non-conforming unit. Located less than one mile from the Westfield Topanga mall, this is a prime opportunity for investors looking to park their money in a non-rent controlled asset in a great location! The property has been excellently maintained since ownership took over: All new Central A/C installed in all units in 2013, all flooring is either tile or laminate, and the roof, plumbing and electrical are all in great condition. Do not miss this great opportunity to own in a strong rental pocket of Canoga Park! Please do not disturb current tenants. Interior inspection subject to accepted offer only. Contact listing agent for more details.
    Exterior Features

    Lot Size Source See Remarks Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.20 Gross Multiplier 15.60 Gross Operating Income 192708.00 Improvements Amount 405234 Land Value 236386 Laundry YN Yes Net Operating Income 124425.00 Special Listing Conditions Standard Total Expenses 65058.00 Zoning Lar3

    Listing provided courtesy of Daniel Shamooelian of Brc Advisors- Bh


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
    J1 REALTY GROUP
    16755 Von Karman Ave, Ste 200
    Irvine CA, 92606