This Multifamily Property is Off-Market.

8371 Northgate Avenue
Canoga Park, CA 91304 ·

22 Units · Multifamily For Sale

N/A

Print

Multifamily Property For Sale

Price N/A Property Use Type Investment
No. Units 22 Cap Rate 6.02%
Building Size 15,920 SF Gross Rent Multiplier 9.65
Property Type Multifamily Occupancy 100%
Property Sub-type Garden/Low-Rise Lot Size 17,716 SF
Listing ID: 17241872 Date Created: 07/12/2011 Last Updated: 09/01/2011

Description

Built in 1964, this apartment building has very nice curb appeal with mature trees, landscaping and secure intercom access into the building. It is walking distance to Topanga Canyon Blvd and close to local restaurants, banks and retail establishments.

This building has very desirable units mix of 13 one-bedroom/ one-bath units; five two-bedroom/ one-bath units; two two-bedroom/ two-bath units; one two-bedroom/ one and a half-bath unit and one three-bedroom/ two-bath. Each unit offers in-wall air conditioning units.

There are rolling security gates in the parking lot off a rear alley offering parking for 20 cars (six tuck-under parking spaces). The building courtyard area has mostly cement surface with a central planter with mature trees and landscaping.

This property will appeal to hard to please investors who are looking for a turn-key investment opportunity in very desirable West San Fernando Valley neighborhood.

Marcus & Millichap is pleased to present 22 units in Canoga Park on a quiet cul-de-sac street in one of the nicest neighborhoods in the area, in close proximity to the City of Woodland Hills.

Research

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

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

Similar Listings

  • 8735 Variel Ave.
    8735 Variel Ave.

    Canoga Park, CA 91304

    For Sale · $3,595,000

    13,750 SF Building

    Garden/Low-Rise

  • 8380 Northgate Ave
    8380 Northgate Ave

    Canoga Park, CA 91304

    For Sale · $4,775,000

    20,174 SF Building

    Garden/Low-Rise

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)