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8371 Northgate Avenue

8371 Northgate Avenue, Canoga Park, CA 91304

N/A

22 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
22
Building Size:
15,920 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
6.02%
Gross Rent Multiplier:
9.65
Occupancy:
100%
Lot Size:
17,716 SF
Listing ID
17241872
Last Updated
over 1 year ago

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.

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

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