This Multifamily Property is Off-Market.

8371 Northgate Ave
Canoga Park, CA 91304 ·

23 Units · Multifamily For Sale

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23 Unit Canoga Park Apartment Complex

Price N/A Cap Rate 5.72%
No. Units 23 Gross Rent Multiplier 12.30
Building Size 15,920 SF Occupancy 100%
Property Type Multifamily No. Stories 2
Property Sub-type Garden/Low-Rise Year Built 1966
Property Use Type Investment Lot Size 17,716 SF
Commission Split 2%
Listing ID: 14523345 Date Created: 03/02/2006 Last Updated: 04/07/2006

Description

Howard & Mills Inc. is pleased to present the following investment property for sale. The subject apartment building consists of approximately 15,920 sq ft located at 8371 Northgate Ave in Canoga Park, CA. The Northgate Apartment complex, built in 1966, is a two-story twenty-three unit apartment building with seven two-bedroom one bath, two two-bedroom two bath, and fourteen one-bedroom one bath apartment units. Each unit has wall air conditioning, gated access parking in the rear, and an onsite laundry room. Canoga Park is in the heart of the San Fernando Valley; situated just miles in between Highway 101 & Highway 118.

Located on a quiet col de sac just one block North of Topanga Canyon Blvd and Roscoe Blvd. Within walking distance to several newly developed retail centers including Von's, Lowe's, SavOn, Rite Aid, Blockbuster. Easy access to several major highways including the 101, 118, 5, 405 and 210.

Highlights

  • 100% occupied
  • Gated Parking
  • Upside with below market rents
  • Located on a quiet cul-de-sac
  • Close proximity to retail and dining amenities
  • Easy access to several major highways including the 101, 118, 5, 405 and 210

Research

8371 Northgate Ave, Canoga Park, CA 91304 (Los Angeles County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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