Historical Multifamily Sale Listing - 23 Unit Canoga Park Apartment Complex

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23 Unit Canoga Park Apartment Complex

8371 Northgate Ave, Canoga Park, CA 91304

N/A

23 Units | Multifamily

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Northgate Apartments

Multifamily Property - Off Market

Price:
N/A
No. Units:
23
Building Size:
15,920 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
5.72%
Gross Rent Multiplier:
12.30
Occupancy:
100%
No. Stories:
2
Year Built:
1966
Lot Size:
17,716 SF
Listing ID
14523345
Last Updated
over 1 year ago

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

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.

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

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Created 3/2/2006